Category: Morning Update

The University of Michigan Survey of Consumer Sentiment was started in 1952, containing 70 years of data, and the reading it gave today was the worst ever in the history of the survey. Worse than the Kennedy Assassination, Financial Crisis,

Yesterday’s beginning of our “short cover rally” was literally followed by a HUGE amount of selling calls and buying puts across indexes and individual equities. It seems no one thought the Gamma Squeeze Short Cover set to expire on June

Good Morning Friends. Yesterday’s FOMC was strange in that markets priced in a 3.2% hike this year, and actually with them pulling forward 75 and not committing to what will happen next means a 2.5% is potentially the max they’ll

Good Morning.  We all know that today starts QT, and FOMC meets today, so we will hear what the Feds will give us on forward guidance for the latest inflation rates; but what’s new is that the Euro Central Bank

I’ve been getting a few emails asking about Bonds. There is a wider issue to bonds and their inverse relationship to the equities market, and that is the Fed usually is accommodative to when markets are getting tight, and this

 I know we have been talking a LOT about CPI, but it’s important that we really look into the breakdown of the CPI and look at where the month-over-month inflation rates are accelerating the most. Food and Energy are reaccelerating,

CPI came in hot this morning. Shanghai has renewed lock downs and will roll out mass testing in seven areas of Shanghai. UNG Natural Gas is in a gamma squeeze to the upside, so energy will remain high with lite

VIX is still low which means our expected range of movement for the SPX and SPY are still quite narrow between open and close. Going into OpEx with ever swing slightly higher, we’re seeing more selling at the 4150 across

Good Afternoon Friends. Just a gentle reminder today we kicked off QT, and this morning we saw a lot of weakness in the market, but following the positive ISM data that came out we saw how quickly the market turned.