This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.
Otherwise, enjoy the column!
Subscribe to the Monster Stock Market Commentary to get the Daily Monster Market Commentary and join the 2,934 subscribers getting it for FREE!
It has even been a week, and the S&P 500 is right back to 2,397. Last week the world was crashing, and the S&P 500 was down 1.8 percent. Today it would seem and feel as though it never even happened. Pretty amazing, the short-term memory of the market. Perhaps more important a sign of just how strong the underlying bid in the equity market truly is.
Subscribe to get this report sent directly to your inbox.
[wysija_form id=”5″]
The 2.20 percent level in the Ten-Year is very strong support level at this point.
The Dollar appears to be at over-sold levels
Subscribe to the MCM Stock Market Commentary to get it Daily and join the 2,934 subscribers getting it for FREE!
Over the last month Technology is the clear winner.
The 10-2 spread has been contracting, meaning the yield curve is flattening. But…
10-2 Year Treasury Yield Spread data by YCharts
That is is because the 2 year is rising faster than the 10 year, not because the 10-year is falling to the 2 year.
2 Year Treasury Rate data by YCharts
$xlk, $XLY, $XLP, $XLU $XLB, $XLF, $IBB, $SPY, $SPX, $TLT, $DXY,
15 Years Of Netflix In Charts Fill The Gap and Bounce Right Back? RTM: Geopolitical Risk To Blame For Dollar Sell-off? Really?
Michael Kramer and the clients of Mott Capital Management, LLC own shares of NFLX, DIS, and GOOGL
Michael Kramer is the Founder and Portfolio Manager of Mott Capital Management, LLC, a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendation made during the past twelve months. Past performance is not indicative of future performance