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Well, it seems that the markets sure do like what the President is saying during his SOTU – – or at least are embracing the fact that asset inflation is going to continue to run wild. Here we see the small caps (/RTY) roaring higher:
Volume drives markets, right? Maybe not. Just take a good look at this and be amazed at what’s going on with the oldest and largest ETF in the world, the SPY. The volume is (obviously) at the bottom, and you might as well get the paddles out, because I think this patient is dead.
Let’s take a quick survey of this afternoon’s earnings movers — three up, and three down:
Our conception of an Amazon shareholder checking her portfolio on Friday if Amazon has a big earnings miss on Thursday (photo via our Shutterstock subscription).
(more…)All right, I’ve got a post for you which isn’t a recapitulation of how this market blows. Indeed, it’s a terrific improvement to our Volatility Calendar in the form of a simple dropdown:
Normally, when you see the calendar, you see the most popular stocks at the top:
(more…)
