04-APRIL 28-2022

Good morning.
30 secondsEven with yesterday’s rally, the Nasdaq is now down over 20 percent since the start of the year.  That means we’ve gone from a run-of-the-mill correction into a full-blown bear market.  Those are much more unusual.  And for it to happen so soon into the Federal Reserve hiking interest rates suggests that there may be more downside pain ahead.
The past few months have seen the markets try to move higher, only to be hit with negative news regarding higher interest rates, higher inflation rates, or geopolitical events.  The good news is that all of those will resolve themselves in time.  For traders, it would be prudent to watch for those developments.
Until then, taking on a more bearish attitude may pay off better.  On the buy side, focus on higher-quality companies.  And don’t be afraid to do things like sell covered calls against stock you own for the long haul here.

Now here’s the rest of the news:

The Dystopian End Of The Global Oil Market
The world’s energy market is now splitting in two with severe consequences.  One a U.S. aligned market and one more open to Russia.  And more experts are anticipating this will create something much of the world cannot bear… [Read Here]

Treasury Yields Collapse As The Economy Grinds To A Halt
U.S. Treasury yields retreated Tuesday morning, with investor focus remaining on the Covid-19 outbreak in China and concerns over a global economic slowdown. he yield on the benchmark 10-year Treasury note fell by… [Read Here]

April 28, 2021

Last Year, today!

Americans Overpay for Biden’s ‘Buy America’ Plan –Eric Boehm, Reason
These rules drive up costs and warp markets – while letting politicians claim credit for “defending” domestic industries from foreign competition… [Read Here]

Gold currently at $1,778.84, silver at $26.37

April 28, 2020

Anxiety is my Alarm Clock_2Good morning.
Last Friday was an interesting day as the market rallied into the close led by names that are slated to announce earnings this week.  Namely, AAPL, MSFT, FB, GOOG and AMZN.
On Monday, the dynamic shifted, not for the market, which performed well, but for the companies announcing earnings this week.  It was Financials that led the way.
These big names that make up 20% of the market cap of the S&P 500 could have an outsized impact if the herd starts to turn bearish on these stocks over earnings.

“You can play with your phone or change the world. You don’t get to do both.” —Robin Sharma

April 28, 2019

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Come From Aways, Do You?

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