On Monday, the Daily covered some of the warning signs, particularly in the Regional Banks and Transportation sectors. We ended the Daily by writing this: “Transportation and Regional Banks make up…
“As the S&P 500 goes in January, so goes the year.” If you’re a Stock Trader’s Almanac reader, you’ll be familiar with this adage. According to the Almanac, since 1950,…
It’s a core tenant of how options are priced, and it’s often the trader with the most accurate volatility forecast who wins in the long term. Whether you like it…
In this episode of StockCharts TV’s Sector Spotlight, I address the current state of asset class rotation, then move on to sector rotation. I divide the market in three groups —…
Nearly every member of Mish’s Modern Family improved last week, with the Russell 2000 (IWM), Transportation (IYT), Semiconductors (SMH), and Retail (XRT) all putting in Golden Crosses on their daily charts. Except…
Economy
Tim Scott, Cory Booker still hoping for bipartisan police reform despite slim prospects
by
0 comment
Two of the Senate’s chief negotiators from both sides of the aisle on police reform are still committed to trying to move legislation through Congress, but hopes of a bill…
President Biden told Congress on Monday that his administration will end twin emergencies related to the COVID-19 pandemic on May 11, 2023, more than three years after they were enacted. …
Economy
Biden administration proposes expanding access to no-cost birth control under Obamacare
by
0 comment
The Biden administration proposed a new rule expanding the availability of birth control on Monday by removing moral exemptions for providing contraceptive coverage. The draft rule also creates an ‘independent…
Economy
Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn’t even qualify
by
0 comment
President Biden took to Twitter on Monday to promote his electric vehicle tax credit. However, while doing so, he attached a picture of himself in one that doesn’t even qualify for…
A top non-partisan political handicapper is forecasting that Democrats face a serious challenge holding on to four crucial Senate seats as they attempt to protect their razor-thin majority in the…