Print the page
Increase font size

Posted April 15, 2021

Sean Ring

By Sean Ring

The Story Behind April’s Asset Inflation

Welcome back to the Rude Awakening for Thursday, April 15, 2021.

Markets are up across the board this morning. New record highs once again.

If you watch today’s video, you will see in the S&P chart from November through March what a healthy bull market looks like.

There have been pauses along the way, with a mixture of red candles among the green. This market has been building bases along the way, creating new points of support.

However, the past few weeks are a different story…

It’s an unsustainable pattern.

Strong Earnings Action

A few of the big bank stocks have now reported strong earnings.

JPM was strong, but not too impressive. PNC was strong. WFC was very strong.

And with BAC numbers coming out today, you should expect a pop on that stock.

All the bank stocks are at nose bleed (very high) levels. Lots of activity in the bank stocks, so definitely keep an eye on those for some short-term bullish action.

But of course, the big thing we’ve been anticipating is the IPO of COIN.

This is the crypto house that went public yesterday. It was set to open at $250 per share, and it immediately popped to the $360 level. The company is now valued at almost $100 billion.

Have a great trading day, folks.

We’ll talk tomorrow!

Regards,

Scott Stewart

Scott Stewart
Editor, Rude Awakening

Two is One and One is None

Posted September 29, 2022

By Sean Ring

Someone returned my passport yesterday. I felt naked without it.

Sabotage of the Century!

Posted September 28, 2022

By Sean Ring

A naughty political actor blew up the Nordstream pipelines.

The Ugly Tree is Out of Branches

Posted September 27, 2022

By Sean Ring

The bond market is telling equities to get out.

Giorgia On My Mind

Posted September 26, 2022

By Sean Ring

Meloni will be Italy’s first woman prime minister; the Pound gets pounded; Dutch MP red pills his own Parliament.

The BoJ Blinks… Or Did It?

Posted September 23, 2022

By Sean Ring

The Bank of Japan won’t be the only central bank to intervene.

Biden, Powell, and Putin Make the News All Bad

Posted September 22, 2022

By Sean Ring

A fumbling US president, a bumbling Fed chief, and a stumbling Russian president walk into a bar…