by Jeff Bishop | Nov 6, 2019 | Editorial
Oil topped out in 2008 at… get this… $147 a barrel! However, it has seen triple digits in almost seven years—today WTI crude sits at an anemic $57 per barrel. We can thank technological innovations and a total disrespect of our planet for cheap gas prices. New...
by Jeff Bishop | Nov 4, 2019 | Editorial
Hello trader, In some ways, I feel bad. Not everyone reads this newsletter or heeds its words. They laughed at my pronouncement the market would shoot higher off the Fed. And I let them… … it made their soul-crushing defeat taste all that more delicious. Yes, many...
by Jeff Bishop | Nov 3, 2019 | Editorial
The last few minutes of Thursday’s trading session primed the pump for the Friday drag race… as it appears no one wanted to be short stocks going into the weekend. SPY 5-minute chart Traders dove into long positions with reckless abandon as panic...
by Jeff Bishop | Nov 1, 2019 | Editorial
The Federal Reserve’s well-choreographed magic show pushed the stock market to new all-time highs. Market pundits were quick to congratulate the Fed on a job well done (pretending as the interest-rate cut was an actual choice the had.) As I sat through the verbal...
by Jeff Bishop | Oct 31, 2019 | Editorial
Earnings this quarter have been downright abysmal… despite 80% reporting above consensus. Come on, year-over-year is -3.7% growth and 80% of the companies beat? Any competent analyst should be alarmed… and yet I sense a real lack of urgency there. It’s apparently a...
