5 Banks to Watch Right Now
There are many moving pieces this morning. The Fed, Treasury, and FDIC came out to breed some confidence by backing bank deposits. Three banks failed in the past week. Everyone is trying to compare this to Bear, Lehman, MF Global, Worldcom, Enron etc, but it’s too early to tell. Some are saying the Fed will […]
Continue Reading -->Coffee With Greta: Bank Contagion
DJIA Futures: -343 (-1.1%) SPX Futures: -39 (-1.0%) NASDAQ Futures: -48 (-0.4%) Good morning friends! Futures are lower as bank stocks continue to plunge despite emergency action from regulators and the Fed over the weekend. Let’s get right to it! Regulators To Protect SVB Depositors U.S. regulators announced a plan over the weekend to backstop […]
Continue Reading -->Are the Wheels Coming Off the Bus?
“We put thirty spokes together and call it a wheel, but it is on the space where there is nothing that the utility of the wheel depends.” -Carl Jung “If your memory serves you well You’ll remember you’re the one That called on me to call on them To get you your favors done And […]
Continue Reading -->Coffee With Greta: Higher Unemployment Boosts Stocks
DJIA Futures: +27 (+0.1%) SPX Futures: +13 (+0.3%) NASDAQ Futures: +68 (+0.6%) Good morning friends! Futures are rising as the February jobs report shows signs of slowing inflation. Let’s get right to it! Unemployment Rises, Wage Gains Slip U.S. job growth came in hotter than expected but the unemployment rate rose unexpectedly in February. The […]
Continue Reading -->Risk Goes from Slow to Fast
Bear markets reveal two conceptually correct concepts about the nature of risk. 1) Risk/surprises happen in the direction of the trend. In bear markets these “surprises” seem more dramatic because markets do down faster than they go up. 2) Sometimes risk is just risk and cannot be hedged. A week ago we walked through the behavior of […]
Continue Reading -->Coffee With Greta: Crypto Shock
DJIA Futures: +65 (+0.2%) SPX Futures: +4 (+0.1%) NASDAQ Futures: +8 (+0.1%) Good morning friends! Futures are slightly higher as traders look ahead to Friday’s jobs report. Let’s get right to it! Silvergate Liquidating Silvergate Capital (SI) shares are plummeting 36.7% ahead of the open after the crypto banking giant announced it will shutdown operations […]
Continue Reading -->The First Mouse Gets The Squeeze…
Six years after the bad monetary policy following the pop of the 2000 Bubble we had a crisis. Ten years after the bad monetary policy following the Great Financial Crisis we’re in another crisis. For ten years leading up to 2022, the Fed was trying to create inflation. They finally got their wish. And the […]
Continue Reading -->Coffee With Greta: Private Job Growth Runs Hot
DJIA Futures: +36 (+0.1%) SPX Futures: +5 (+0.1%) NASDAQ Futures: +22 (+0.2%) Good morning friends! Futures are slightly higher as traders digest the latest jobs data and await day 2 of the Fed Chair’s testimony in Congress. Let’s get right to it! Private Payroll Growth Runs Hot The U.S. private sector expanded more than expected […]
Continue Reading -->Coffee With Greta: Powell Takes The Hot Seat
DJIA Futures: +13 (+0.04%) SPX Futures: +6 (+0.1%) NASDAQ Futures: +31 (+0.3%) Good morning friends! Futures are inching higher as traders await the Fed Chair’s first day of testimony on Capitol Hill. Let’s get right to it! Powell Testimony Day 1 Fed Chair Jerome Powell is set to deliver his semiannual testimony on monetary policy […]
Continue Reading -->Why SPY $398 Matters Now
SPX futures are flattish after a big two-day move. The index did a Red Dog Reversal buy when it reclaimed 3939 and had power Friday to see 4048. I’d think we have a bit of digestion into Powell Tuesday, JOLTs numbers on Wednesday, and NFP Friday. Holding 3990-4010ish shows some commitment. SPY reclaimed $393.38 Thursday and had […]
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