Markets like easy money

S&P500 is poised to close out the week up more than 4%.    Why? Mexican tariff fear is abating. No surprise, Mexico will take action (or at least say they will) to curb migrants entering their southern border. The May job’s report was weak, leading some to believe that the Federal Reserve will cut interest rates.Continue reading “Markets like easy money”

Bought VLO…Sold WMT

The markets have been down and the S&P500 is resting on its 100dma; however, I’m optimistic and take some comfort in the fact that the VIX has remained relatively calm. I think a lot of the panic is due to the EU Parliament shakeup- which is driving the Euro and their rates lower, consequently draggingContinue reading “Bought VLO…Sold WMT”

S&P500 down 2.5% year-to-date

The S&P500 is down 2.5% year-to-date and has lost support at all the key levels- 50, 100 & 200dma.  Is the global secular slowdown finally effecting the US stock market or is this simply another temporary meltdown ahead of the FOMC meeting?  (Whereby the markets shoot up after the Fed postpones a rate hike.) IContinue reading “S&P500 down 2.5% year-to-date”