Gold Bugs Could Get Squashed

Gold Bugs Could Get Squashed

Buckle up, it’s about to get nasty out there. Fed Chair Jerome Powell and company increased interest rates by 75 basis points on Wednesday and stocks got smoked. Powell’s language is a throwback to 80’s Fed Chair Paul Volker, who...
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Fed Dilemma – Inflation Or Recession? Which Would You Pick?

Fed Dilemma – Inflation Or Recession? Which Would You Pick?

Stocks took it on the chin last week, getting KOd by the one-two punch of higher-than-expected transitory inflation that inched up and FedEx’s earnings miss. Wall Street was hopeful that the Federal Reserve would be able to engineer a soft...
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When It Is NOT Good To Be King

When It Is NOT Good To Be King

The major stock indexes are in such perilous positions that it’s hard to consider any long, equity positions right now. Last week we highlighted ProShares Short QQQ (PSQ) as a way to hedge or profit if the NASDAQ face planted....
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A New Bull Is As Easy As 1-2-3

A New Bull Is As Easy As 1-2-3

It’s a neck brace market from all the back and forth. Last week, we mentioned that the NASDAQ was likely to bounce higher because it entered oversold territory. The index has gone straight up since last Wednesday and broke through...
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How To Turn Down Into Up

How To Turn Down Into Up

Stocks were in rally mode Wednesday. It’s something we said might be coming in our most recent Market View E-letter. We noted that “It sure looks like Wall Street intends on testing mid-June’s lows.” But added, “However, stocks could get...
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How Do You Spell September? U-G-L-Y

How Do You Spell September? U-G-L-Y

September is historically the worst performing month for stocks by a wide margin. (1) And it’s not looking good for this September either. The NASDAQ barreled through support at the 50-day moving average like a bull through a bullfighter’s red...
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RIVN Up The Engine For A 20% Move?

RIVN Up The Engine For A 20% Move?

California’s Governor Gavin Newsome made headlines recently when the state banned the sale of new gas-powered cars by 2035. Some states, like Virginia, have trigger laws in place that require them to follow the “Golden State’s” lead on car emission...
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The Dead Cat Is Done Bouncing

The Dead Cat Is Done Bouncing

It’s over! The rally that knocked the stock market’s rebound out of a bear market is officially done. The NASDAQ crashed last Friday after Jerome Powell and company put investors on notice that interest rates are going higher until inflation...
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Peloton To Pedal To $20 Or New Low On Earnings?

Peloton To Pedal To $20 Or New Low On Earnings?

Peloton Interactive, Inc. (PTON) popped on news that the interactive fitness company is going to sell its equipment on Amazon.com, Inc. (AMZN). PTON jumped more than 20% on the news with volume spiking to its highest level in more than...
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