Crypto Contagion

Crypto Contagion

Friends   The crypto currency world experienced some dramatic moves today and the stock market seemed to be swept up in the drama. We’ve wondered if disruptions in crypto, given how large the crypto universe has become, would cause disruptions in other markets....

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Crypto Contagion

Sloppy Start To The Week

Friends It was a sloppy day of trading, but the bulls were at least able to minimize the damage by the close. There are a lot of cross currents that traders are having to deal with as sectors seem to fall out then back into favor on almost a daily basis. As for today,...

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Crypto Contagion

Stocks Bounce Back

Friends   Yes, yesterday’s email was a bit sarcastic, but I think you got the point. If inflation is indeed the next thing to worry about, stocks might be one of the best places to hide. Anyway, after yesterday’s drubbing, stocks had a big bounce back today,...

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Crypto Contagion

Stocks Plunge-Please Read

Friends If you were looking for a pullback, here you go. We have chronicled the problems that the Nasdaq has encountered recently, and now we have a quick 4% pullback in the S&P 500 within days. Today’s higher than expected (and a high number was expected) CPI...

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Crypto Contagion

Different Directions

Friends Today’s trading action was quite interesting. The Nasdaq fell once again at the open, but was able to turn the tide as the trading session wore on to actually push into positive territory for most of the afternoon. On the other hand, the Dow and the S&P...

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Crypto Contagion

Nasdaq Continues To Falter

Friends   It was another very difficult day for the Nasdaq and what were up until recently the growth stocks that had led the market higher. Day after day we see these once high flyers go lower and lower, while last year’s laggards such as energy, financials and...

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Crypto Contagion

More Divergences

Friends   It was another trading day with wide divergences. Boring, stodgy staples and financials were the winners (and have been for a lot of 2021) while sexy go-go growth names continue to struggle. Well, struggle might be a kind term when you consider last...

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Crypto Contagion

Nasdaq Struggles on Yellen Comment

Friends   Comments from Treasury Secretary Janet Yellen seemed to unsettle the stock market today with the Nasdaq once again receiving the brunt of the selling. The Treasury Secretary had the audacity to mention in an interview that the Fed might just have to...

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Crypto Contagion

Dow Rallies But Nasdaq Falters

Friends It was a mixed start to the new month. The Dow and the S&P were able to post modest to decent gains while the Nasdaq dipped into negative territory for the day. Remember, we had all those big tech earnings reports last week and it seems that Nasdaq is...

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Crypto Contagion

Stocks Limp Into Month End

Friends More good earnings reports and more good economic data couldn’t move stocks higher today as traders seem to be hesitant to put new money to work at these levels. On the other hand, market participants seem comfortable with what they do have in the markets. We...

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Crypto Contagion

Great Earnings

Friends It’s been a fascinating couple of days for big name growth earnings which will culminate in Amazon’s release after the close. Google, Microsoft, Facebook and Apple have all had fantastic earnings, but the share price reactions have been mixed. Apple is the...

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Crypto Contagion

Earnings and The Fed

Friends Well, after the close yesterday both Google and Microsoft released very strong earnings reports. Google shares went up and Microsoft shares went down. Always interesting to see how much was priced into these earnings releases. Today we get both Facebook and...

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