*No podcast Friday Feb 9th.

Have a Happy Lunar New Year this weekend!

Enjoy the Superbowl

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Show Notes

Summary of the day

A moral victory, $SPX S&P 500 got its 5k print.

Yet SPY had low volume of only 46m traded!

Breadth

* 848 new highs

* 175 new lows

* 55% advancing 40% declining

* 43% below 50 day ma

* 36% below the 200 day ma

Stuck out

Real Estate was the leading sector

Strong

AFRM was up as high as 11% before earnings, but having constipation after earnings. You should listen to earnings call. Their prepared remarks were 12 seconds! apparently this is par the course for them.

Weak

Pypl

Nycb

EXPE

What to watch

Next week CPI & PPI

Watch mag 7

Watch yields

Economic data

https://www.marketwatch.com/economy-politics/calendar

Recommended by

Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

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Podcast EP 136 S&P 5,000 (Feb 8) 13:11 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 136 S&P 5,000 (Feb 8)