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Chart of the 30Yr Treasury Yield

Saving for a Sunny Day

Another coronavirus bill passed the Senate early Friday morning which includes more aid for consumers and small businesses to get through the next few months. Where is all this cash going? In the chart below, you can see that the US personal savings rate has jumped sharply as consumers stay at home and build cash […]

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S&P 500 Chart by Kisco Capital

Game On!

One of the more interesting weeks of my career. There were several stocks with high short interest that soared as hedge funds covered their positions as an army of retail traders targeted and bought these stocks. An online forum called Reddit was the bulletin board used by these traders to target specific names and cause […]

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Chart of the S&P 500

Channel Surfing

A new administration settled in this week and we will likely see another stimulus bill in the coming weeks. The current proposal is $1.9T but that number is likely to shrink as politicians on both sides are having reservations surrounding the exploding deficit. For 2021, both sides will need to work on rebuilding the economy […]

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The S&P 500

2021!

2021 can only end better than it has started. Despite the political divides in the United States, the politicians across the country will be spending the next year rebuilding the U.S. economy – so major policy reversals are unlikely in 2021. Bipartisanship may be the byproduct of the siege on the Capital building this week […]

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Santa Fed

Santa-Fed came to town this week as the Federal Reserve announced in their Wednesday meeting that their bond buying program will be here in size and for the foreseeable future. The Fed has kept this program for most of the last ten years which has capped interest rates and robbed savers of safe income. Economists […]

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Spring Fever

Cabin fever may come early this year as the coronavirus keeps many of us inside which means most of you can’t wait for spring. The Spring of 2021 will be known as the inoculation period (hopefully) from the coronavirus and a pivot to resuming a normal life. The price action in the stock market tells […]

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Russell 2000

Breaking Out

The indices are breaking out to new highs despite the ongoing rise in new cases of the coronavirus. Stock markets are forward looking instruments which means they are messaging that 2021 will be a year of recovery for the global economies. More stocks are participating in this rally (good breadth) as sectors that have been […]

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Chart of the S&P 500 Futures

Be Thankful for Change

The corner has been turned with the global pandemic as the vaccine calvary gallops towards defeating the coronavirus. I read that the first doses of the vaccine will be distributed in December with larger distributions projected in the April/May time period for the general population. Volatility metrics also kept declining this week which means the […]

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S&P 500 Index NOV 2020

Here Comes 2021…..

We got a new high on the S&P 500 on Friday’s close which means the stock market is looking past the global pandemic and towards the recovery of 2021. On Monday, Pfizer and BioTech announced that their preliminary work on a vaccine was highly effective which means that we are turning the corner on this […]

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