Coffee With Greta: Stocks Drop On HOT July Jobs Report
DJIA Futures: -189 (-0.6%) SPX Futures: -37 (-0.9%) NASDAQ Futures: -151 (-1.1%) Good morning friends! Futures are falling as a strong July jobs report gives the Fed more room to stay aggressive on inflation. Let’s get right to it! July Job Growth Crushes Expectations The Labor Department reported today that the U.S. economy added 528,000 […]
Continue Reading -->Coffee With Greta: Lucid Slashes Production Goals Again
DJIA Futures: +18 (+0.1%) SPX Futures: +6 (+0.1%) NASDAQ Futures: +31 (+0.2%) Good morning friends! Futures are flat as traders digest fresh jobs data and earnings results. Let’s get right to it! Lucid Plunges After Cutting Production Target Lucid (LCID) shares are down 12.7% ahead of the open after missing Q2 sales expectations and slashing […]
Continue Reading -->Coffee With Greta: $HOODwinked! Robinhood Cuts More Jobs
DJIA Futures: +176 (+0.5%) SPX Futures: +25 (+0.6%) NASDAQ Futures: +84 (+0.7%) Good morning friends! Futures are higher as Wall Street looks to bounce back from back-to-back losing sessions. Let’s get right to it! Robinhood Announces More Lay Offs Robinhood (HOOD) shares are up 1% ahead of the open despite the company announcing new layoffs […]
Continue Reading -->Coffee With Greta: Stocks Drop As Tensions Ramp Up With China
DJIA Futures: -181 (-0.6%) SPX Futures: -29 (-0.7%) NASDAQ Futures: -123 (-1%) Good morning friends! Futures are slipping as tensions rise between the U.S. and China. Let’s get right to it! China Tensions Boil Ahead of Pelosi’s Taiwan Trip Tensions are rising between the U.S. and China as House Speaker Nancy Pelosi is expected to […]
Continue Reading -->Market Bias Turns Bullish
Sami explains how the market bias has turned bullish and what he is looking for to be all out bullish himself: His long strategy after the market bottom The 123 setup in CCI Why GSAT is primed for a breakout Why he likes real estate stocks like ABR short The 123 bearish continuation play in CINF and CYH
Continue Reading -->Coffee With Greta: Stocks Slip After Best Month In 2 Years
DJIA Futures: -86 (-0.3%) SPX Futures: -17 (-0.4%) NASDAQ Futures: -38 (-0.3%) Good morning friends! Futures are falling as traders begin a new month of trade. Let’s get right to it! Fed Is Laser Focused on Inflation Amid Recession Debate Minneapolis Fed President Neel Kashkari says inflation poses a larger risk to the economy than […]
Continue Reading -->The Next Pullback Holds the Cards
The Next Pullback Holds the Cards By: Jeff Cooper As flagged on the Hit and Run Private Twitter Feed on Tuesday, the QQQ turned its 3 Day Chart down on a text-book backtest of its 20/50 Moving Average Bowtie. We noted that each time they have done so since their mid-June low has defined a low. These […]
Continue Reading -->Coffee With Greta: Fed’s Fave Inflation Gauge Jumps
DJIA Futures: +14 (+0.04%) SPX Futures: +17 (+0.4%) NASDAQ Futures: +85 (+0.7%) Good morning friends! Futures are mostly higher as the market digests fresh inflation data and strong big tech earnings. Let’s get right to it! PCE Inflation Pushes Higher Inflation pressures in the U.S. economy pushed higher in June. The Bureau of Economic Analysis’ […]
Continue Reading -->Coffee With Greta: Recession Fears Pop On Q2 GDP Contraction
DJIA Futures: -70 (-0.2%) SPX Futures: -10 (-0.2%) NASDAQ Futures: -56 (-0.4%) Good morning friends! Futures are falling as recession fears pop on the release of new GDP data. Let’s get right to it! Recession Alarms Sound As Q2 GDP Contracts Recession alarms are sounding after the U.S. economy contracted for a second straight quarter. […]
Continue Reading -->Boom
Boom By: Jeff Cooper The stated Fed goal at its June 15th meeting (the market low interestingly) was to tighten financial conditions by raising Fed Funds by 75 bps and sending a message about being tough on inflation. Since the close on June 14th, 2 yr, 10 yr, and 30-year yields are down 36, 70, and […]
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