March T-note futures fell hard on Friday following the release of a better-than-expected jobs report. Non-farm payrolls rose 467,000 – roughly triple what the market was expecting. Prices sliced through our downside target of 127-00… Read More
“Don’t Fight the Fed” Redux
“Don’t fight the Fed,” should be the operative rule in the S&P 500. Jerome Powell and Company signaled they were going to take the free-money punch bowl away. The told us they were going to… Read More
Capitulation or Collapse in S&P 500?
The S&P 500 is getting absolutely crushed as we write this 2 hours before the close on Monday. The CME E-mini futures just bounced from a low of 4212 – a decline of 4% from… Read More
Buying Opportunity in Bitcoin
Bitcoin tested and bounced from previous support levels at $40,000 on Friday. It followed through to the upside on Monday, closing above Friday’s high, and rallied again on Tuesday, closing above Monday’s high. This is… Read More
Take Some Cash “Off the Table” in T-Notes and Soybeans
Volatility is not always bad, especially when it comes to options, and particularly when markets are volatile in the direction expected. The Fed announced it was tightening policy at its meeting next week, causing a… Read More
Don’t Fight the Fed
“Don’t fight the Fed,” has been a winning mantra since the Financial Crisis of 2008 / 2009. The Fed made stocks the only game in town when it lowered short-term interest rates to zero and… Read More
Covid Could Keep Lid on Crude Oil Demand
Get ready for Season 3 of “Covid Catastrophe,” the dystopian series that everyone is being forced to watch. Season 1 saw the virus invade the world, disrupt the global economy and kill millions. Science counterattacked… Read More
Aussie Dollar Is “Stealth” Inflation Play
Traders call the Australian dollar a “commodity currency” because its economy is heavily dependent on natural resources. Australia is the number 1 exporter of iron ore, the 2nd largest exporter of aluminum ores (as well… Read More
Watch Your Wallet: Inflation Is on a Roll
The Consumer Price Index is soaring, pushing prices up over 5% on an annualized basis. This is a 13-yr high. Wages in hospitality industries, like hotels and restaurants, are up 7.6% over the past year,… Read More
10-Year Treasuries Testing Key Support
Covid cases are declining, and with them, the fear of another disruptive slowdown. Inflation is getting all the press – especially energy price inflation. This increases the odds that the Fed will follow through with… Read More