Mish's Market Minute December 29, 2020 at 07:16 PM
Strength picks up in Food commodities as securities struggle amid final stimulus negotiations. It is now in the Senate's hands to pass or decline the $2000 dollar stimulus checks; a large amount compared to the original $600 proposed in the bill... Read More
Mish's Market Minute December 28, 2020 at 08:20 PM
With another short trading week, it's best to stay cautious, as price action can get wacky towards the year's end... Read More
Mish's Market Minute December 24, 2020 at 07:39 PM
While Brexit settled, stimulus checks in the US were debated and Alibaba got their hand (stock) slapped, a few other events that did not make headlines occurred. First, corn, soybean and sugar futures all advanced to new multi-month highs... Read More
Mish's Market Minute December 23, 2020 at 02:11 PM
As the media focuses on a worsening situation with a new variant of the virus, Mish's Economic Modern Family shows that not all is doom and gloom. Grandad Russell 2000 (IWM) is sitting right under all time highs of 197.83... Read More
Mish's Market Minute December 18, 2020 at 08:16 PM
Friday was triple witching day, meaning that stock options, stock index options and stock futures contracts were all due to expire. This happens four times a year and can lead to increased volume, as money is moved around resulting in sometimes unusual (or spooky) price action... Read More
Mish's Market Minute December 16, 2020 at 07:34 PM
The FOMC report came out today, keeping rates unchanged as the Fed continues to buy into bonds, thus supporting the market going forward... Read More
Mish's Market Minute December 15, 2020 at 08:37 PM
In the past month, we have written about the Russell 2000 (IWM) Index leading the market higher. Recently, IWM's stellar performance has revealed it as the new superhero of Mish's Economic Modern Family... Read More
Mish's Market Minute December 14, 2020 at 08:35 PM
On Monday, the tech sector (SMH) and biotechnology sector (IBB) held as the other sectors of the Economic Modern Family failed to hold their gaps... Read More
Mish's Market Minute December 11, 2020 at 08:09 PM
This past week, we saw the market peak in some areas, while others look more like they have a healthy correction in the works. The weakest area, and one that we wrote about last Wednesday, is the reversal top in the Nasdaq 100 (QQQ). The formation in the NASDAQ is textbook... Read More
Mish's Market Minute December 09, 2020 at 07:41 PM
There have been many stimulus bills that have been denied, pushed off and almost forgotten about since the initial March selloff... Read More
Mish's Market Minute December 08, 2020 at 06:55 PM
California Water futures have been added to the list of tradable commodities. Historically, commodity futures contracts were first created as a way for farmers to hedge against fluctuating crop prices... Read More
Mish's Market Minute December 07, 2020 at 07:48 PM
The current market situation shows a quick attempt to push a smaller stimulus bill by the end of December before eviction protection and unemployment benefits end. If failed, it could potentially leave as many as 19 million people at risk of becoming evicted... Read More
Mish's Market Minute December 04, 2020 at 08:18 PM
In the past couple of weeks, we've talked about the rise of oil and gas exploration (XOP). On Friday, XOP closed with just under an 8% gain for the day. Its recent break over the 200-day moving average gave a good area to risk from... Read More
Mish's Market Minute December 02, 2020 at 06:33 PM
In Santa Fe, New Mexico, we awoke with freezing temperatures and fresh snow. This week, the state lifted the current lockdown, with restaurants now being able to serve at 25% occupancy outdoors... Read More
Mish's Market Minute December 01, 2020 at 07:45 PM
Those of you who are new to the Daily have probably noticed the references to the Economic Modern Family... Read More
Mish's Market Minute November 30, 2020 at 07:33 PM
Today, Bitcoin (BTC) passed its record high as certain members of the Economic Moderns Family digest their recent gains. Cryptocurrency as an alternative currency has pushed for widespread acceptance since the launch of the first Bitcoin in 2009... Read More