This US earnings season (with 412 out the S&P500 companies reporting earningsd so far) we've seen some of the biggest companies in the world, those in the S&P500$S&P 500 Index(.SPX.US)$beating earnings forecasts by 9% on average. PLUS The amount of companies beating expectations and the amount that they are beating are both above their 10 year averages. And forward ...
The stock market overreacted to strong retail sales data. Unnecessarily so. I believe that the Fed won't start cutting rates until there's a significant drop in stocks, regardless of the economic data coming in. The good news is that the current downturn is not the beginning of a major collapse. The economy is strong, and there's still plenty of liquidity in the system and markets. However, the spike in the VIX is concerning. The correction...
PLUS The amount of companies beating expectations and the amount that they are beating are both above their 10 year averages.
And forward ...
$Meta Platforms(META.US)$ $Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$
I believe that the Fed won't start cutting rates until there's a significant drop in stocks, regardless of the economic data coming in.
The good news is that the current downturn is not the beginning of a major collapse. The economy is strong, and there's still plenty of liquidity in the system and markets.
However, the spike in the VIX is concerning. The correction...
$VIX Index Futures(JUN4)(VXmain.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $VVIX Index(.VVIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US)$ $-1X SHORT VIX FUTURES ETF(SVIX.US)$ $2x Long VIX Futures ETF(UVIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US)$ $iPath Series B S&P 500 VIX Short-Term Futures ETN(VXX.US)$ $The Cboe Far-Term VIXMO Index(.VIFMO.US)$ $Cboe S&P 500 3 Month Volatility Index(.VIX3M.US)$ $Cboe S&P 500 One-Year Volatility Index(.VIX1Y.US)$ $IPATH S&P 500 VIX MID-TRM (POST SPLIT)(VXZ.US)$
If it can go above 16, then options premiums wil be juicier. But it could also mean the current mini pullback could be extended.
$Palantir(PLTR.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $Advanced Micro Devices(AMD.US)$ $Coinbase(COIN.US)$ $iShares 20+ Year Treasury Bond ETF(TLT.US)$ $Disney(DIS.US)$ $Hewlett Packard Enterprise(HPE.US)$ $iShares MSCI China ETF(MCHI.US)$ $Arm Holdings(ARM.US)$ $Reddit(RDDT.US)$ $Super Micro Computer(SMCI.US)$ $Hang Seng TECH Index(800700.HK)$ $UP Fintech(TIGR.US)$
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