11-NOVEMBER 19-2021

Business RisksGood morning.
Today marks the expiration of over 95.5 million options contracts.  They’re related to everything from individual stocks, to ETFs, to market indices.  That total is just slightly below the 95.6 million options that expired in July.
With this many options expiring, and with traders looking to shift positions, there have been some unusual intraday moves in a number of assets over the past week, a trend likely to continue today.  Wall Street has dubbed the concept “gamma unclenching,” named after an option gamma, which measures the rate of change to an options delta.  Before you can say “It’s all Greek to me,” the worst of it will likely be over, at least for this month.

Now here’s the rest of the news:

The Inflation-Fighting step Biden Has Yet to Take –John Harwood, CNN
President Biden has tried multiple responses to spiking inflation: investigating gas prices, smoothing supply chains, touting benefit programs.  Why not this? [Read Here]

Joe Biden’s Empty Inflation Toolbox –Jeff Greenfield, Politico
Inflation has a unique power to kneecap a presidency.  Presidents and their parties don’t do well at all when inflation (and attempts to cure it) are on voters’ minds… [Read Here]

November 19, 2020

Geometry homeworkGood morning.
Pfizer reported that its Covid-19 vaccine had a 95 percent efficacy rating.  That topped the 94.5 percent reported by Moderna last week.  The race is on to see who can hit 96% first!
While that news is certainly great overall, it will still take time to mass produce and distribute the drug.  Healthcare workers on the front line may see the first batches in the next month.  In any event, it’s clear that the market isn’t quite ready to head materially higher until the vaccine can be distributed.  That’ something we’ve warned about before — but that warning also carries an opportunity for trading both up and down.

Now here’s the rest of the news:

 

November 19, 2019

Not only is this the season for shopping, buying various articles, there are two sides to everything…
DarrenDaily’s message today … “The Framework for Selling Success

Are you enjoying the season?  [Please don’t over-do-it.]  😉

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Come From Aways, Do You?

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11-NOVEMBER 30-2021

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11-NOVEMBER 29-2021

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11-NOVEMBER 28-2021

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11-NOVEMBER 27-2021

Enjoy Silence Eliminate a life of expectation.  Expect less from people, and disentangle yourself from obligations.  Learn to say no so you have more time and space to say yes to what you want in life. At home: Get rid of stuff you’re always moving from place to place.  If you don’t love everything around you, then toss it. Do your shopping once a week.  Those quick pit stops to the grocery store a few times a week take time away from something else. Do laundry less often.  Simplify your wardrobe, and you’ll have more pieces to mix and match.

11-NOVEMBER 26-2021

Good morning. It’s been 624 days since “15 days to flatten the curve,” kicked off the part of the pandemic where the economy was deliberately shut down.  Unlike a light switch, however, it’s not the sort of thing to start back up again.  Trillions were spent propping up the economy with extended benefits and stimulus checks. The labor market is improving but still in disarray.  Inflation and job demand has pushed up wages, creating a “Great Resignation.”  And for all the time, effort, and money spent to create these new problems, those fortunate enough to invest in the stock market

11-NOVEMBER 25-2021

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11-NOVEMBER 24-2021

Good morning. No, it’s not a mythical creature from a game of Dungeons & Dragons or Lord of the Rings.  It’s a term for Organized Retail Crime.  And it’s on the rise. Pandemic-era mask mandates have made retail theft substantially easier.  And some jurisdictions such as in San Francisco have eliminated any criminal penalty or law enforcement resources for thefts under $950.  That’s caused a number of retailers to flag organized thieves, but at the cost of millions in inventory losses, including some who hit up multiple stores in some areas looking for items to resell cheaply online. The latest

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