Pot stocks have taken a nosedive this year. The largest ETF that tracks the Marijuana industry group, $MJ, hit an all-time low today and has fallen 47% in the past 12 months. It’s a sea of red regardless of what time frame you’re looking at. Just a year ago, sentiment around these stocks was euphoric. There was […]
Chart of the Day – Monday, September 16th, 2019
Today’s Chart of the Day was shared in a note from Frank Cappelleri of Instinet. It’s a daily candlestick chart of WTI Crude Oil futures. Today, Crude Oil surged 14.56% to $62.88 per barrel. This marks the largest single-day percentage gain for the commodity in over two decades. At this point, the question on many traders minds […]
Chart of the Day – Wednesday, July 17th, 2019
Today’s Chart of the Day was shared in a research note from Frank Cappelleri of Instinet (@FrankCappelleri). It’s a chart showing the S&P 500 in the top panel, and the number of new highs within the index in the bottom panel. Over the past month or two, the S&P 500 has rallied to record highs. At […]
The Three Major Developments Today
What a day! The S&P 500 hit a record high, Gold prices hit their highest level in over five years, and the US 10-year Treasury Yield fell below 2%. Three major developments in the financial markets, across three major asset classes (Stocks, Commodities, and Interest Rates). Let’s take a look at what some of the […]
Should New Highs Equal Blue Skies?
The market is going this way, no its going that way. Maybe this way, and maybe the other direction because of this reason over here. This is likely the rhetoric you hear from pundits, social media, and maybe even your beloved financial representative. It’s confusing, I know. I’ve been there, jumped through and around the […]
