Market Wrap – Fed Speaks Hawkish, Markets Give It All Back

Stock markets gave up another Bear Market rally after initially soaring on the FOMC statement that was orderly. Selling took hold with hawkish talk from Powell about strong employment, economy and problematic inflation. U.S. Treasuries finished Wednesday with losses across the curve. Oil was back around 7-year highs and natural gas gave up a 6% gain to go negative. Volatility continued after hours with Tesla despite record earnings fell from 943 to 879 and back to 938. Volatility reign supreme … Continue reading “Market Wrap – Fed Speaks Hawkish, Markets Give It All Back”

Market Wrap – Bad Moon Rising for Tech Ahead of Fed

Stock markets gave up yesterday’s Bear Market rally with ease and spent much of the day trying to recover only to fail as the FOMC began its two-day policy meeting and the specter of energy woes and Ukraine overhung. The CME FedWatch Tool indicates there is only a 5.6% probability of a rate hike tomorrow. The market is looking forward to much and the balance of market support versus inflation risk. MSFT earnings after the close disappointed while TXN surprised. … Continue reading “Market Wrap – Bad Moon Rising for Tech Ahead of Fed”

Market Wrap – That’s A Bounce, Bear Market Rally or Capitulation

Stock markets in the US opened sharply down with end of the world calls about Russia at war, Omicron and rising interest rates. The small cap Russell 2000 outperformed with a 2.3% gain after being down as much as 2.8%.  CBOE Volatility Index closed at 29.90+3.6% after being over 35%. At the lows the Nasdaq Composite was down 19.2% from its all-time high, the S&P 500 was down 12.4% from its all-time high and the Russell over 20% down. We look at … Continue reading “Market Wrap – That’s A Bounce, Bear Market Rally or Capitulation”

Crypto Wrap Up: Bitcoin & Ethereum Collapse, US CBDC and Russia Ban Crypto

This week’s Crypto Wrap KnovaWave & Meta Johnny discuss a big week for crypto, the collapse of Bitcoin and Ethereum and alt coins heads us off. They discuss the use Of Bitcoin in South America and The US Fed’s paper on CBDC. The story behind the banning of Crypto in Russia and China as geopolitical tension hits fever pitch. Ethereum Money and Payments: The U.S. Dollar in the Age of Digital TransformationJanuary 2022 Executive Summary For a nation’s economy to … Continue reading “Crypto Wrap Up: Bitcoin & Ethereum Collapse, US CBDC and Russia Ban Crypto”

Market Wrap – Blood on The Streets with Nasdaq on Track for The Worst January Ever

A brutal week for US stocks Nasdaq is on track to have the worst January ever. The Russell 2000 closed at its 52-week low. Oil moved around with geopolitical risks in the Ukraine and risk assets. U.S. Treasuries finished the week firmly higher with longer tenors reclaiming losses from recent days. Cryptocurrencies collapsed with Bitcoin and Ethereum having outsized losses. Stock markets have been de-risking at what better reminder than a needless overpriced indoor bike! After the market Netflix warned sending … Continue reading “Market Wrap – Blood on The Streets with Nasdaq on Track for The Worst January Ever”

Market Wrap – Peloton and Netflix Bring Out the Bears

Well so much for that. Markets began swimmingly then started to reverse at key technical levels and much like yesterday down it went. The mood changed rapidly after Peloton warned and halted production, reminded the dribblers of the trash they owned and from positive to negative it all went. Stock markets have been de-risking at what better reminder than a needless overpriced indoor bike! After the market Netflix warned sending the bears out in force. CME’s FedWatch Tool is pricing in the … Continue reading “Market Wrap – Peloton and Netflix Bring Out the Bears”

Market Wrap – U.S. Treasuries Solid Gains Across the Curve as Stock Markets De-Risking Continues

Markets continued down from yesterday trend breaks. Oil traded at new 5-year highs; U.S. Treasuries ended Wednesday with solid gains across the curve. Again, stock markets lower from more de-risking effort attributed to angst over rising interest rates and potential earnings disappointments. CME’s FedWatch Tool is pricing in the probability of four rate hikes in 2022. Market chatter continues of the Fed raising the target range for the fed funds rate by 50 basis points at its March meeting. Enjoy live commentary from … Continue reading “Market Wrap – U.S. Treasuries Solid Gains Across the Curve as Stock Markets De-Risking Continues”

Wake Up Call – The Day Ahead Jan 19, 2021

Some life in the markets after Earnings beats from Procter & Gamble (PG) UnitedHealth (UNH) Bank of America (BAC) Morgan Stanley (MS) Fastenal (FAST). Oil again supported by geopolitical threatss. The markets wait for a 20 year bond market and more earnings. A live recap of what happened while we slept overnight and what lies ahead. We go through charts on the S&P 500, Nasdaq, Russell, Oil and Natural gas. Markets again have eyes on Rates. Enjoy live commentary from Our Trading Room at youtube as … Continue reading “Wake Up Call – The Day Ahead Jan 19, 2021”

Market Wrap – Stock Markets De-Risking with Oil & Interest Rates Higher

Markets continue to be rattled by Geopolitical fissures from Kazakhstan to Ukraine to UAE and Iran. Political incompetence from London to Washington and so much more aren’t smoothing the situation. Oil traded at 5-year highs; the 10-year note hit the highest level in seven years. The VIX traded back up with stock markets lower from more de-risking effort attributed to angst over rising interest rates and potential earnings disappointments after $GS sold off. CME’s FedWatch Tool is pricing in the probability of … Continue reading “Market Wrap – Stock Markets De-Risking with Oil & Interest Rates Higher”

Market Wrap – Reversal Day, Natural Gas, NASDAQ Taken Out Behind the Woodshed

What goes up to fast, must come down. Natural Gas was a poster boy for KnovaWave past few days up 80 down 50. The market bounce ran into head winds after today’s PPI and Brainard reminded us of the ongoing inflation problem. Oil held on for its part. We saw multiple banks hit 52-week highs ahead of the big earnings kick off with $JPM, $WFC, $C and $BLK Friday before the open. Around the table today was packed with geopolitics, … Continue reading “Market Wrap – Reversal Day, Natural Gas, NASDAQ Taken Out Behind the Woodshed”