#gold #COMEX #coronavirus #bullion #metal #inflation #HefCap #Fed $XAU $GLD Gold futures rose above 1,800 oz for the 1st time in more than 8 yrs as low interest rates, China tensions and virus chaos are driving demand for the precious Yellow metal as a safe-haven. Bullion for August delivery rose as much as 1.3% to […]
Another day in motor racing at the end of June, there were only F1 Grands Prix on this day over the years. Dan Gurney’s Brabham BT7 Climax held Graham Hill’s BRM and team boss Jack’s similar Brabham off to win the 1964 French Grand Prix at Rouen. Mr. Gurney went on to develop the Gurney […]
$RACE “On the road, things happen much faster than in the 488 Pista,” claims test driver Raffaele de Simone of the 2021 Ferrari SF90 Stradale. “Train your neck and your reactions,” he says, hinting that Ferrari’s new 986-hp high-tech Hyper Supercar will generate truly strong levels of grip while feeling as fast and agile as a […]
$RACE As teams ready for the 1st race of the F1 season at the Austrian Grand Prix next weekend sans track fans, teams have/are running tests to try to get used to a new way of working. All competitors are braced for logistical difficulties and work to take longer because of social distancing requirements. Ferrari […]
$DIA $SPY $QQQ $RUTX $VXX Thursday, Top White House economic adviser Larry Kudlow said the US economy will not shut down again and cripple the strong economic recovery. Mr. Kudlow said there will be “spikes and hot spots,” that might force shutdowns “in individual places or certain stores.” But the American people will/can “have to […]
$SPY The S&P 500 is cheaper than many think, meaning more profitable. The stock market is cheaper and profitability is better than the pundits would have us believe. The deep dive baked into Q-2 consensus earnings understates the real core earnings of many US companies. Here I show where there is Northside in the overall […]
$DIA $SPY $QQQ $RUTX $VXX Successful investing is about managing risk, as it cannot be avoided. Americans are optimistic about the long-term health of the US stock market, despite being pessimistic about how investments will hold up short term, a Wells Fargo/Gallup survey said. Most people are eager to invest, especially to build their retirement […]
$RACE Ferrari drivers Sebastian Vettel and Charles Leclerc put a F1 car through its paces for the 1st time since preseason at a test at Mugello Tuesday. Messer Vettel and Leclerc split duties in the team’s Y 2018 car, the SF71H, at the Tuscany circuit, which has been slated as a possible late addition to […]
$RACE The Ferrari (NYSE:RACE) 812 Superfast is the Top Prancing Horse in the company’s Supercar range. Succeeding the F12 Berlinetta, it is a 2-seater GT with a front mid-engine layout and rear-wheel drive. It has a 6.5-liter naturally aspirated V12 under the hood that delivers 789 HP (800 PS / 588 kW) and 530 lb-ft (718 Nm) […]
$RACE Hugh Jackman is set to star in Michael Mann’s racing drama “Ferrari,” about Ferrari (NYSE:RACE) founder Enzo Ferrari. STX will be handling international sales at the Cannes virtual market, and CAA Media Finance arranged the financing and is representing US rights. Mr. Mann will give a presentation for buyers Tuesday. STX will distribute the film […]
$RACE Ferrari (NYSE:RACE) was upgraded by equities researchers at Kepler Capital Markets to a ‘buy‘ rating in a research report issued Thursday. Several other automotive sector analysts have also weighed in on the company. One equities research analyst has rated the stock with a sell rating, 3 have issued a hold rating and 11 including us […]
$RACE A Ferrari (NYSE:RACE) prototipo 812F has been caught on video around the Fiorano test track, giving us a chance to hear what’s going on underneath the camo skin. YouTube user Varryx got the footage, doing us the favor of including a regular 812 lapping the circuit for comparison. See the video below. The differences are clear. […]
$LVS, $HAS $BBY Resilient dividend-paying companies, as some investors work to find safe sources of income during this ultra-low interest frame. Dividend stocks are the theme now as high yield stocks have outperformed during both rising and falling US bond yields, irrespective of market direction and across economic cycles. We believe that the safest bets for dividends […]
$RACE The official Ferrari (NYSE:RACE) importer, Cavallino Motors, recently staged the launch event for the Ferrari Roma, the latest grand touring car from Maranello. The timeless beauty and elegance of the new Ferrari model was revealed online via a live streaming event Voravud Bhirombhakdi, Vice President of Cavallino Motors Co. Ltd., talked about the latest […]
$DIA $SPY $QQQ $RUTX From Marty’s advice I minted my own that I have closed nearly every weekly Redroadmaster Report for the past 22 yrs: “Always take what the market gives.” Often followed by: “Tune out the Noise!“ What that means Don’t fight the Fed means that you cannot fight a Fed boss who intends […]
$RACE Rockefeller Capital Management L.P. raised its holdings in shares of Ferrari NV (NYSE:RACE) by 18.9% during Q-1. The fund owned 793/shares of the company’s stock after purchasing an additional 126/shares during the frame. Rockefeller Capital Management LP’s holdings in Ferrari were worth $121,000 as of its most recent SEC filing. Other large investors have […]
$.DXY $USO $GLD $XAU A Key measure of USD is the ICE US Dollar Index .DXY, -0.12%, and it has been weakening over the past 30 days, down 3.9%, but is up a bit YTD, rising 0.1%, according to FactSet data. The index measures USD Vs a basket of 6 peer currencies, including the EURUSD, +0.03%, the GBPUSD, 0.29% and USDJPY, +0.06%. A weaker USD has […]
$RACE Ferrari (NYSE:RACE) is not like any other automakers. To understand Ferrari you must think of it as a company with a different peer group, it is a luxury goods company with perhaps the world’s #1 Luxury Brand. Ferrari should not be valued by analysts as an automaker Former Ferrari CEO Sergio Marchionne was right […]
$DIA $SPY $QQQ $RUTX $VXX This stock market rally has more to run and investors are under-pricing the scale of the world’s C-19 coronavirus chaos recovery “While the last four months have been exceptional, we think that this cycle has been, and will be, more ‘normal’ than appreciated,” said Morgan Stanley’s chief cross-asset strategist in […]
$RACE Women despite being a very small minority of race car drivers have proven that their racing abilities can match or in some cases best those of men. Top-10 poles in NASCAR, breaking Pikes Peak hill climb course records, and overall Dakar wins attest to this. But because of politics between amateur and pro racing, […]
$DIA $SPY $QQQ $RUTX $SOX $VXX Optimistic US Stock Market Will Survive Racial and C-19 Coronavirus Chaos| Last week’s action Stocks continue testing, as indexes that marked new highs have given them up. The charts of the PHLX Semiconductor Sector (SOX), the S&P 500 and others show reversals, suggesting there may be more testing (selling) […]
$SPY $SPX $DIA $QQQ $RUTX $VXX Here is how the stock market trades after 5.0%+ selloffs like we saw last Thursday The S&P 500 fell 5.9% last Thursday, marking its worst 1-day decliner since 16 March and its 5th fall of at least 5% in the past 3 months. It was the worst decline since […]
$SPY $SPX Last Thursday, Wall Street professionals showed retail investors who bet that stocks would continue their uninterrupted drive North, that they are incharge. Yes, there are lots of investors who missed out on Wall Street’s recovery since the 23 March lows and may take advantage of the midweek selloff to enter. That suggest some […]
$DIA $SPY $QQQ $RUTX $VXX DJIA +477.37 at 25605.56, NAS Comp +96.08 at 9588.83, S&P 500 +39.21 at 3041.18 Friday, the S&P 500 gained 1.3% to reclaim some of Thursday’s 7% day’s decline, it was up 2.9% early in the session. The DJIA (+1.9%), NAS Comp (+1.0%), and Russell 2000 (+2.3%) also bounced. Media explanations, like the risk of a 2nd wave of […]
Williams-Sonoma Inc. (NYSE:WSM): Lockdown orders have brought consumers a newfound appreciation of their home kitchens. The stock closed Thursday at 79.50 and have a consensus price target at 76.56. The San Francisco, California HQ’d company runs 5 segments, which include popular names like West Elm and Pottery Barn. The stock has been on a Bull […]
$RACE Iconic Italian Supercar maker Ferrari’s (NYSE:RACE)market value soared to $30-B in May, surpassing market values of the larger automakers, such as Detroit’s General Motors (NYSE:GM), Ford (NYSE:F), and its former parent, Fiat-Chrysler (NYSE:FCAU). At a time when economies and societies around the world have been thrown into chaos over the outbreak of C-19 coronavirus, investors find the high-end luxury sports […]
$DIA $SPY $QQQ $RUTX $BA $VXX President Trump says the US economy will be back and better than ever next year. Thursday, President Trump hammered the Fed after Fed Chairman Powell offered a grim outlook on the US economy, saying there is a “long road” ahead. “I see the numbers also, and do MUCH better […]
$RACE The Ferrari Museum at Maranello is now hosting the “24 Hours of Le Mans Virtual”. Since 10 June, visitors can watch live the stars of the 1st-ever virtual edition of the endurance classic even during the C-19 coronavirus chaos. With the help of the simulators set up in the Museum, visitors can get to see see the official drivers of […]
$DX $.DXY $USD $JPY $EUR $GBP $CAD Tuesday, the USD reversed late in the session and is now trading lower against a basket of major currencies. The selling pressure is being led by a strong upward surge in the Euro. The Canadian Dollar is also making a comeback along with the British Pound. The Japanese Yen has been strong all session […]
$DIA $SPY $QQQ $RUTX $VXX Traders established fresh Bullish positions last week by buying 35.6-M new Call options on stocks, up from a high of 28.7-M in February, when speculative activity was rampant. Options traders make big bets on rising prices. This kind of activity could lead to negative returns in the S&P 500 and […]
$RACE Ferrari (NYSE:RACE) confirmed that it is at least considering adding IndyCar to its racing portfolio, using some of its F1 savings. It is one way the manufacturer can keep from sector layoffs that might come with the expected budget cuts necessary to get to the coming $145-M gross F1 budgets. “Concern is not the […]
$RACE Reports have suggested that the Maranello Team was insisting on a significantly less lucrative contract and just a 1-year extension for Seb Vettel, 32 anni, a 4X world champion. But Team Boss Binotto said, “It was not about the type of offer or the duration of the agreement. Ferrari undoubtedly loves Sebastian for many […]
$DIA $SPY $QQQ $RUTX $IRJ $XLF $VXX Bulls believe in this recovery, drive Bears back, as the market rallies with each sign of economic recovery. Recall the Bears growled alarms about putting faith in the Fed and chasing shares whose valuations swelled to a 20-yr high. Last Week’s Action Friday’s NFPs jobs report says the resilience reflects not […]
$RACE The Ferrari Enzo History The Ferrari Enzo was Ferrari’s (NYSE:RACE) 1st Hyper Supercar, fitting, for a car that carries the weight of its founder’s given name. As part of the exclusive lineup of 5 halo Ferraris that include the 288 GTO, F40, F50, and later LaFerrari, the Enzo was the highly successful follow-up to the […]
$SPY There is a big gap between what is happening on the streets in America’s cities and the American stock market has confounded lots of both professional and retail investors, this is nothing new. Below is a overview of how similar frames of civil violence and political unrest have played out in the market throughout history, […]
$XAU $GLD Gold backed ETFs added 623 tonnes of the precious Yellow metal worth $34-B to their stockpile from January to May, exceeding in 5 months every full-year increase on record, the World Gold Council (WGC) said Thursday. In May alone, the increase was 154 tonnes, it said. Many investors think gold is likely to […]
$DIA $SPY $QQQ $RUTX $VXX Wall Street stocks extend rally despite the terrorist rioting sweeping the nation. “At the end of the day, the market has no conscience. Investors are simply trying to make money, and that is why they are crowding into the stay-at-home economy stocks,” Jim Cramer said Tuesday, adding people still pick […]
$DIA $SPY $QQQ $RUTX $VXX Monday, we saw more of the same resistance to selling pressure, as the Bulls remain in charge. Notably, President Trump made a short but strong statement from the Rose Garden about stopping the nationwide rioting buy invoking the Insurrection Act. The major indices posted modest gains, as the market remained […]
$DIA $SPY $QQQ $RUTX $VXX What Happened Last Month The US stock market maintained a Bullish trajectory throughout May which saw many indices, sectors, and stocks retracing back above their March and April resistance zones. Broad-based gains lift S&P 500 back above its 200-Day MA, and Bullish with a Very Bullish bias across the board. […]
$BAC Bank of America (NYSE:BAC) CEO Brian Moynihan says he thinks the US economy is beginning to recover from shutdowns tied to the C-19 coronavirus chaos. Mr. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit cards: While transactions collapsed by about 30% in April, it was down […]
$DIA $SPY $QQQ $RUTX The love-hate relationship many investors had with US stocks during the 11 yr Bull market is reemerging, as stock steadily climb the Wall of Worry in the face of economic devastation and uncertainty. The benchmark S&P 500 index has risen 34% from its 23 March lows and the NAS Comp is […]
$RACE Charles Leclerc drove a Ferrari (NYSE:RACE) flat-out around the streets of Monte Carlo Sunday morning as he starred in a remake of the cult film C’était un Rendez-vous. On the same day that the cancelled Monaco Grand Prix was due to take place, Mr. Leclerc got behind the wheel of a Ferrari SF90 road car […]
$DIA $SPY $QQQ $RUTX $VXX Last Week’s Action The large-cap indexes were lower Thursday, and flat Friday. On the week though the S&P 500 (+3.2%), DJIA (+3.3%), and NAS Comp (+3.4%) rose 3%+, and the small-cap Russell 2000 climbed 7.8%. The Bulls are in charge. Technical Analysis S&P 500 broke higher Wednesday, opened lower Thursday and […]
$DIA $SPY $QQQ $RUTX Negative interest rates in the US were once taboo. The C-19 coronavirus chaos changed that, and has forced investors to give serious thought to the implications of such a drastic policy shift. Rate options, which gauge monetary policy expectations, Monday implied a 23% probability that the Key federal funds rate will […]
$DIA $SPY $QQQ $RUTX $VXX For years, the high-yield saving products were a success for both consumers and financial institutions alike. After getting almost Zero interest from big US banks, individuals who parked their excess cash with the likes of Ally Financial Inc., Barclays Plc, Goldman Sachs Group Inc.’s consumer bank, Marcus, or HSBC Holdings Plc’s HSBC Direct […]
$DIA $SPY $QQQ $RUTX $VXX $ICE The President of the New York Stock Exchange Stacey Cunningham announced after the closing bell Thursday the NYSE is going to reopen the trading floor the day after Memorial Day. “We will reopen our trading floor to a subset of floor brokers the day after Memorial Day,” Ms. Cunningham wrote […]
$RACE Scuderia Ferrari Mission Winnow (NYSE:RACE) announced Thursday that Carlos Sainz will drive for the team in the Ys 2021 and 2022 seasons of the F1 World Championship. “We have embarked on a new cycle with the aim of getting back to the top in Formula 1. It will be a long journey, not without […]
$RACE Ferrari (NYSE:RACE) has spoken of plans to add a V6 turbo to its engine lineup without dropping its 2 other benchmark engines the V12 and V8. The brand’s SVP of commercial and marketing, Enrico Galliera said, “So the technology we are going to have, V12, V8, V6 turbo. Hybrid will give us the possibility to have […]
$RACE Motor racing great Mario Andretti would love to see Italian carmaker Ferrari (NYSE:RACE) join the North American Indycar series as a chassis and engine supplier. Mr. Andretti, one of 4 drivers to claim both the F1 and IndyCar drivers championships, said in an interview Sunday that IndyCar series owner Roger Penske and Ferrari team […]
$RACE Mr. Leonardo Fioravanti, 81 anni, is the designer behind much of the magic produced by Carrozzeria Pininfarina in the 1970’s and ’80’s and is celebrated as such by Ferrari (NYSE:RACE) afficianatoes world wide. To those that know, this affable, manicured gentleman is perhaps the most revered man in modern Ferrari design He is responsible […]
$DIA $SPY $QQQ $RUTX $VXX Big Tech stocks turn higher on the year and an ETF that tracks the biggest among them has grew to a $100-B market value. None of the economic damage wrought by the C-19 coronavirus chaos has kept investors from investing in companies that stand out for their strong balance sheets […]
Wall Street rallies, investors focus on recovery and ignoring the bad news. The US economy could start to recover in 2-H of this year after what looks to be the worst recession in decades, growth may be slow and uneven, some Fed policymakers hinted Tuesday. Their soft assessments came as a majority of US states […]
$DIA $SPY $QQQ $RUTX $VXX President Trump’s popular support eroded that of the presumptive Democratic Presidential nominee, Joe Biden as he is struggling for visibility with voters during the C-19 coronavirus chaos, according to a Reuters/Ipsos poll released Tuesday. The opinion poll conducted Monday and Tuesday found 43% of registered voters said they would support […]
$DIA $SPY $QQQ $UTX $VXX Last week’s action President Trump is now Laser focused on Opening Up America The S&P 500 hit the 78% Fibo retracement of the selloff. After a good 3rd leg, the market is ready for a test, how deep a test is the Big Q. We are watching the leaders to […]
$DIA $SPY $QQQ $RUTX $VXX Friday, all 11 S&P 500 sectors opened and closed in the Red. The energy (-6.0%) and consumer discretionary (-4.6%) sectors took the biggest hits, and the consumer staples sector (-1.2%) declined the least. Investors had to contend with President Trump threatening new tariffs on China for its handling of the […]
$DIA $SPY $QQQ $RUTX $USO $USD $GLD $VXX Thursday, the market opened in the Red as some profit-taking into April’s month-end happened. The market has been climbing that wall of worry the last few sessions improving the charts in all 3 major US stock market indexes, and thus turning all Key technical indicators Very Bullish. […]
$DIA $SPY $QQQ $RUTX $VXX President Trump will travel to Arizona next week, his 1st trip since 28 March as the coronavirus chaos ramped up in the United States. “I think I’m going to Arizona next week, and we look forward to that,” he told reporters Wednesday during a Q&A session with industry leaders on reopening the […]
Bond investors are talking about whether the US is heading into a deflationary mode. This year’s collapse in Crude Oil prices and the weak economic data are putting the Question front and center as the FOMC meets this week. The Fed is expected to stand pat in here and assess the aid/stimulus programs rolled out […]
$XAU XAG $PLAT As the COVID-19 pandemic erupted, so too did demand for newly minted platinum, gold, and silver coins from the US Mint. In times of crisis and doubt, investors move some assets to safe-havens. The demand is so high it is currently stripping the Mint’s supply. And if history is any indicator, it […]
$DIA $SPY $QQQ $RUTX $VXX More than 90% of our country “is not in harm’s way, the virus lockdown flat-out fraud on a massive scale,” said David Stockman, President Ronald Reagan’s former Director of Office of Management and Budget China Virus trading will go down in history for its high velocity. We have witnessed the […]
$DIA $SPY $QQQ $RUTX $USO $OIL $VXX The lack of demand in the world Crude Oil market has set it up to be forced into a necessary rebalancing over the coming weeks as rapidly filling storage leads to significant production cuts and higher prices. See price volatility continuing high in the weeks ahead, as retail […]
…now I will let you know how they are doing and why. Further, here my discussion on the future, “Beyond the Virus: Refocusing on Essential Industries and Businesses” have a look. $VNDA, $ACLS, $RDNT, $CNO, $PGNX, $PRDO, $CLF, $UCTT, $CF, $MOV If this uncertainty and volatility have you prudently sidelined in cash, know that all things […]
$XAU $GLD $USD Gold traded just off 7-yr highs Thursday as investors bet the precious Yellow metal price would swell as the COVID-19 chaos reshapes financial markets. Futures for June delivery inched up 0.3% to 1,746 oz, holding just below their April high of 1,768. Gold is up 16% YTD, thanks to investors who view it as a […]
$SPY Investors understand the current market chaos was not presaged by fundamental economic issues, like the US mortgage crisis in the recession of Y 2008. But the uncertainty that is being cast about what turns the coronavirus might take, and the implications that could have for the economy and markets, have left the moneyed class […]
$DIA $SPY $QQQ $RUTX $VXX US companies have been hammered by the fallout from the novel coronavirus outbreak as economic activity “contracted sharply and abruptly across all regions,” according to the Fed’s Beige Book released Wednesday. The Fed’s latest check of businesses around the country was completed during March when the US went from worrying about […]
I 1st wrote about this in late March of Y 2009, then again in April 2013 and now again in April 2020 saying this again and again, “more money is likely made from Bull Markets than any other market action. Careful investing in Bull Markets is the Key to long term investment success.” I am […]
$GOLD, $BTG, $NEM In times of high volatility, precious metals see increased purchases as investors seek a safe-haven. Gold is the tradition safe-play, the place where savvy investors can put their money and watch it hold its value. With gold in a long term uptrend, stock investors are buying in to and they are doing […]
$GLD $XAU Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs highlight short-term and long-term opinions and desires to holding gold. The data tracks gold held in physical form by open-ended ETFs and […]
$XAU $GLD Gold prices in Asia are trading lower Wednesday morning despite continuing economic uncertainty. The precious Yellow metal continued its losses from the previous session as gold futures were down 0.22% to 1,680 by 9:33 PM ET (2:33 AM GMT). Gold prices tend to move in the opposite direction from stocks, but the 2 moved in the same direction for the 2nd day running. Asian stock markets opened mixed Wednesday with some […]
$SPY $QQQ $MS, $CCORF,$JPM, $BLK The Sky is Not Falling! We do not believe that we will have full retest of the 23 March lows, and do not believe that this is the beginning of a Depression Monday, 2 Key Wall Street investment strategists talked up the market. Morgan Stanley believes that the worst has […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The DJIA rallied 7.7% to start the trading week. Sentiment was boosted by encouraging signs that the COVID-19 outbreak may be improving. The DJIA (+7.7%) and Russell 2000 (+8.2%) set the pace, followed by the NAS Comp (+7.3%) and S&P 500 (+7.0%). The positive bias was formed overnight in the […]
$GILD $REGN $LLY $VRTX The COVID-19 coronavirus pandemic has put the spotlight on stocks in the US healthcare sector, home to the companies that could develop treatments, vaccines and improved diagnostics needed to engage and defeat the greatest public health enemy in over 100 yrs. Healthcare has held up better than most S&P 500 sectors. […]
$DIA $SPY $QQQ $RUTX $VXX $GLD $XAU $USD Gold Dealers Report Big Shortages of Small Bars and Coins Gold has been and is the traditional safe-haven of choice for investors looking to protect themselves against stock market dives. When Bear markets come on, gold often performs very well. Gold is off a bit this Spring, […]
$DIA $SPY $QQQ $RUTX $VXX America is at War President Trump is commanding and the nation’s governors, mayors and industry leaders are acting in concert to mobilization efforts for the major conflict. As with all major Wars, this will change how Americans think, engage with the world, and behave. Since WWII, Western leaders have embraced globalization, governed by rules for equitable competition, […]
$DIA $SPY $QQQ $RUTX $OIL $USO $VXX DJIA Jumps 700 as Crude Oil Falls Below $20 to 18-Yr Lows US stocks rose Monday as investors look for shares that have become cheap and can withstand the impact to the economy from efforts to stem the spread of the coronavirus. The S&P healthcare sector jumped 4.67% on the […]
$XAU $GLD $USD Volatile stock markets and the outbreak of the coronavirus helped drive holdings in gold-backed ETFs to record highs in Y 2020. The buying is a clear indication of the prominent role of gold ETFs in investors’ portfolios, especially during periods of uncertainty and panic. Gold-backed ETFs saw $4.9-B of inflows in February, […]
$SPY The economic shock from the coronavirus pandemic shocked US investors 5 wks, and now they are expressing the most pessimism about the direction of the stock market since February and March 2009, in the aftermath of the previous financial crisis, according to an AAII survey conducted during the week ended Wednesday, 25 March. Some […]
$VNDA, $ACLS, $RDNT, $CNO, $PGNX, $PRDO, $CLF, $UCTT, $CF, $MOV If this uncertainty and volatility have you prudently sidelined in cash, know that all things eventually pass, and there are stocks are likely to run as the market reverses and recovers. A place to start is stocks that are very sensitive to changes in the […]
$DIA, $SPY $QQQ $RUTX $VXX Tuesday morning, President Trump spoke to several billionaire hedge fund and private equity managers about reopening the US economy that over the past 4 wks ground to a halt due to the coronavirus outbreak. President Trump is re-evaluating whether or not to call for people to return to work as […]
$DIA $SPY $QQQ $RUTX $VXX Thursday the S&P 500 advanced 0.5% in a session that saw it fall as much as 3.3% early and gain as much as 2.9% in the afternoon. The DJIA rose 1.0%, while the NAS Comp (+2.3%) and Russell 2000 (+6.8%) were the big movers today on strong gains in technology […]
Wednesday night the Fed rolled out its 3rd emergency credit program in 2 days, announcing it would make loans to banks that offer as collateral assets purchased from money market mutual funds. The new facility through the Boston Federal Reserve bank will offer “support for the flow of credit to households and businesses” by ensuring […]
$DIA $SPY $QQQ $RUTX, $USO, $XAU, $USD, $VXX Despite the coordinated stimulus packages announced by central banks and the massive stimulus plans laid out by Washington, confidence was lacking due to the growing outbreak of COVID-19 and the continued shutdown of the economy. Shortly before the close, the Senate passed the House bill that provides […]
$SPY The stock market liked what it heard out of Washington, DC, but expect the volatility to continue till it puts in the bottom. Tuesday, The Trump Administration vowed to deliver a massive financial package designed to help both businesses and individual Americans to weather the crisis. The Fed also stepped in to support the […]
$DIA $SPY $QQQ $RUTX The Bulls Vs The Bears Note: “Big Bear markets end in despair and hopelessness, which many current Bulls will discover at considerable cost to themselves” — Mark Lundeen Be very wary of any advance from here, as it may prove to be what we once called a Dead-Cat Bounce. A Dead-Cat […]
$DIA $SPY $QQQ $RUTX $USD $JPY $VXX Friday, Ultra Long-term US T-Bond futures moved about 1.3 pts a day on average in January, were down more than 7 pts on the day and off 36 pts from Monday’s high. Italian sovereign debt had imploded. An index of costs to insure corporate debt with credit-default swaps […]
$XAU $GLD It looks to me like it does not matter in here whether global stocks are rising or falling investors keep scooping up gold. Holdings in gold-backed ETFs rose by 55 tonnes in the last 3 days accounting for almost 33% of YTD in the last 3 days. As a safe-haven asset, demand for […]
$DIA $SPY $QQQ $RUTX $USO $VXX WTI Crude Oil settled off 10.23 (-24.8%) to 31.09 bbl for its worst decliner since Y 1991. The last time Crude Oil traded at this mark was in Y 2016. Last Tuesday, the world’s Top financial officials pledged to use “all appropriate policy tools” to protect their economies from […]
$RACE Ferrari’s (NYSE:RACE) F1 team says its preparations for the Australian Grand Prix are going as planned, despite the lockdown announced by the Italian government that has affected 16 northern provinces in the country. Ferrari says that it respects the government’s decision, but says it is not currently poised to impact travel plans for F1 […]
$RACE Ferrari’s Sebastian Vettel Overview Y 2020 is arguably the most important season in Sebastian Vettel’s career, should he get it wrong and it could be his last. The 4X World Champion fought tooth and nail last season, but was not quite able to keep his team-mate Charles Leclerc under control. This year Mr. Leclerc […]
$RACE Ferrari (NYSE:RACE) insists that it has not disguised its pace in Winter testing in Spain, but does admit its car is better in race trim than on single lap pace. The Maranello Outfit has been open that pre-season testing has not gone as well as it would have liked and thinks it is heading […]
$RACE F1 bosses have explained that they reached a settlement with Ferrari over their engine case as they feared they would not be able to prove any wrongdoing. Last week, the FIA said an agreement was reached with The Scuderia over a long-running analysis into their Y 2019 power unit due to questions raised by […]
$RACE Ferrari NV (NYSE/MTA: RACE) announced Wednesday that it published the agenda and the explanatory notes for the 2020 Annual General Meeting of Shareholders (“AGM”), which will take place on 16 April 2020 in Amsterdam. Ferrari’s AGM notice and explanatory notes and other AGM materials are available under the section Investors on Ferrari’s corporate website […]
$DIA $SPY $QQQ $RUTX $VXX A drop in interest rates in response to the Fed’s rate cut is adding urgency to a hiring spree across the mortgage industry. Executives at of the nation’s 15 biggest mortgage lenders, already gearing up for a busy Y 2020, anticipate hiring thousands of employees this year to keep up […]
$DIA $SPY $QQQ $RUTX $VXX Follow the insiders in this market Company executives see their own businesses daily, and through their actions are telling us that fears about the hit to economic growth because of COVID-19 are overdone. With that in mind, they are stepping up buying their own companies’ shares, and in all the […]
$RACE Headlines: Ferrari Team Boss Mattia Binotto said the team would need travel assurances before travelling and Australian Grand Prix bosses has said the race is ‘all systems go‘ Ferrari (NYSE:RACE) has threatened to pull out of the Melbourne Grand Prix due to coronavirus fears. Ferrari team Boss Mattia Binotto said the team wants to compete in the F1 season opener […]
$QQQ, $SPY, $QQQ, $RUTX White House economic adviser Larry Kudlow urged investors to stay calm and said the stock-market selloff is overblown. The veteran financial guru and former Ronald Reagan adviser suggested Americans take the opportunity to “scoop up” shares which he hinted are at bargain prices. The white candle on the tech chart Friday, may […]
$RACE Ferrari (NYSE:RACE) is hoping to conclude contract talks with Sebastian Vettel swiftly to keep the 4X F1 world champion beyond the end of this year. Ferrari has yet to agree a new deal with Mr. Vettel, but said at the launch of its Y 2020 F1 car that he is its 1st choice to […]
$RACE Ferrari (NYSE:RACE)says that F1 teams must be given assurances about the risks they may face at the Australian Grand Prix over coronavirus implications before staff start travelling to Melbourne. On fears about staff not being allowed to travel, or risking quarantine on arrival, Ferrari team principal Mattia Binotto says F1 and the FIA must […]
$RACE Ferrari (NYSE:RACE) driver Sebastian Vettel clocked the fastest lap Thursday of F1 preseason testing on Thursday, while Lewis Hamilton’s session was cut short by mechanical trouble. Mr. Hamilton’s MercedesAMG racer came to a stop on the track at the Barcelona-Catalunya Circuit, bringing out a Red flag and causing the 6X world champion to miss […]
$DIA $SPY $QQQ $RUTX $VXX The US economy grew moderately in Q-4, the government confirmed, and may be facing a rocky road in early Y 2020 on the notion that coronavirus will hobble it, and bring on a recession. The economy grew by an unrevised 2.3% in Y 2019, the slowest annual growth in 3 […]