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Earnings season is in full swing with most of the regional banks reporting this week and mega cap tech stocks Tesla and Netflix reporting as well. With options traders pricing in a 7% move on TSLA after earnings, Tesla’s stock price could rise above $300 on an earnings beat. But with Tesla’s forward PE ratio […]

Earnings season starts this week and the June CPI data is being released on Wednesday. This week will be critical for the direction of the stock market for the rest of this month. While July is historically the best month of the year for stocks, that could all be upended this week if earnings miss

July is historically the best month of the year for the stock market.  And with the stock market coming off of the best first half to the year in 40 years, everyone can assume that this July will be extremely bullish as well.  This week we celebrate US independence on July 4, which means a

This week is very hard to predict with borderline technicals, fundamentals, and market sentiment.  We could be facing a flat week this week up until Friday when the PCE inflation data is released.  If this week is flat, it could be a good week for credit spread options including iron condors, which make money when

After the very hawkish pause from the Federal Reserve last week, all eyes will remain on the Federal Reserve again this week as Fed Chair Jerome Powell testifies to Congress on Wednesday and the Senate on Thursday.  It could be another volatile week for the stock market. Last Week Recap The June FOMC meeting shocked

The big news this week is the June FOMC meeting taking place on Tuesday and Wednesday.  Some important inflation data will come out while the Fed meets, and with the Federal Reserve in a blackout period this week, we won’t get any updates on what the Federal Reserve will do.  CME futures are pointing to

After a massive rally over the past 3 weeks that saw the NASDAQ rise 9%, the stock market will get a break from major economic news as traders prepare for the Federal Reserve’s June FOMC meeting next week. The market will also be processing the news from last week that caused rallies on Thursday and

An agreement to raise the debt limit has been tentatively agreed upon by President Biden (Democrat) and Congressional Leader McCarthy (Republican).  The agreement will now move to Congress for a vote, where both Republican and Democrat leaders believe they have enough votes for the deal to pass.  This is good news which should cause the markets

Expect a very volatile week this week with strong technical resistance, the May FOMC meeting minutes being released, PCE inflation data coming out, and the debt ceiling limit looming on June 1. If last week taught us anything, it’s that the market can move up or down 2% on the slightest news of debt limit

This week is fairly quiet when it comes to economic data and earnings, but there are still some things that could move the markets.  But given the fact that market has been mostly flat for the past 6 weeks, I wouldn’t be surprised to see another flat week this week.  Still, you should know about