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Show Notes

Summary of the day

I can’t help but get the sense we are at the point of the movie before anyone knew of the iceberg. With the majority of the country very hopeful their TSLA and AAPL will remain in good graces.

* The largest IPO of the year was trotted onto the markets today in $ARM, note this is Softbank whose investment track record is not too stellar

* PE 110! Softbank owns 90%

* SPY is 9 points away from 1 yr highs. or 7% from lifetime highs, despite all the economic headwinds I noted for weeks

* Bond prices continue to fall

* Yields and interest rates continue to rise and remain high

* Oil is going much higher

* Russell 2000 led today

* Cup and Handle in play

Breadth

* 174 new highs

* 248 new lows

* 70% advancing 25% declining

* 64% below 50 day ma

Stuck out

Oil, Energy, Rates and Yields all rising along with risk assets. This will not last too many sessions

Strong rally, all sectors green

Technology was 2nd to last though

Strong

ARM

CVNA

KMX

COIN

ETSY

Weak

VIX

SG

NFLX

ZG

What to watch

Sep 20, 2pm Fed rate decision and guidance

Watch Mag 7

Watch yields

Economic data

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

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Podcast EP 49 Bankers First (Sep 14) 07:47 Share

Not Your Advisor

Shownotes Transcript

Podcast EP 49 Bankers First (Sep 14)