The S&P 500 and NASDAQ hit new highs yesterday, while the DJI fell short but this move higher does seem to want to stop. We had new highs in FB, MSFT, GOOGL, and AAPL and AMZN getting closer and closer to their all time highs. The VIX, however, moved sideways to...
Yesterday I placed -3 VERTICAL SPX 100 (Quarterlys) 30 JUN 21 4150/4140 PUT @.60 and today I placed -3 VERTICAL SPX 100 (Quarterlys) 30 JUN 21 4330/4340 CALL @.50.It’s been a while since I’ve placed call spreads but did so today and last week for my SPX...
Markets have been consolidating with little or no downside but there may be cracks appearing. Notice what happened when the pandemic hit. Quality soard on a relative basis. Which meant that investors favored stocks that were of higher quality that they could count...
There is always a push/pull in the markets where there is always price discovery happening. There are various ways to measure the market’s valuation. One is the Price to Earnings value. Has the market priced in all of the great earnings and all of the...
The S&P 500 almost broke its all-time high yesterday after another strong move higher. It is pretty clear at this point that inflation is really not a problem after the Fed acknowledged that inflation did surpass the Fed’s inflation predictions. That sounds...
Higher prices such as in food and energy come and go. But real inflation can only increase if it is derived from higher wages since wages typically only go higher and not lower. That is what makes inflation sustainable. However, because of automation, globalization...
