Think you’re “too late” to the bull market in oil? Think again! Naysayers will point out that crude oil futures fell from $118 a barrel in March to as low as $70 a few weeks ago. That’s a 40% drop. And the Johnny-come-latelys will say it’s a sign that oil lost its tailwind. But I know better…
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Read MoreMarket strength has petered out as the week has continued. And volatility is back in a big way. The quick reversal hit our Wednesday Windfalls trades after a solid start on Monday and Tuesday. Overall, we locked in losses on our Yelp Inc. (NYSE: YELP), NIO Inc. (NYSE: NIO) and QuantumScape Corp. (NYSE: QS) positions. It was tough, but these situations can happen with a systematic approach like this.
Read MoreThe Federal Reserve’s November meeting coincided with our Wednesday closing trades this week. Powell and co. hiked rates by 0.75%, which was widely expected, but also telegraphed that the Fed will likely enact smaller, more incremental hikes ahead. Though judging from the equity market’s reaction … bullish investors wanted more. Many have speculated that a so-called “Fed pivot” is just around the corner, whereby the Fed will pause further rate hikes and begin a path toward reducing them. But after reading the tea leaves in yesterday’s Fed minutes and speeches, hopes of a near-term pivot were dashed or at least pushed further out in time.
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