Bears Return as Bond Yields Spike to One-Year Highs

The stock market suffered its biggest losses of the month on Thursday as another spike in bond yields prompted traders to dump riskier assets, especially overbought Tech stocks. Specifically, the 10-year Treasury yield surged to a peak north of 1.6%, and its highest level since last February.   The Russell 2000 finished at 2,200 (-3.7%) […]

Continue reading

Extreme Option Profits Chart of Day…Livent Corp. (LTHM)

Keep an eye on lithium stocks, like Livent Corp. (LTHM). All thanks to lithium demand and the electric vehicle story.  By 2027, the electric vehicle market could grow from $121.8 billion to $236.6 billion, says BlueWeave Consulting.  In addition, by 2026, David Merriman, an expert on EV and battery materials at Roskill, as noted by […]

Continue reading

Bulls Regain Momentum

The stock market rebounded off the opening losses and another pop Treasury yields to close higher on Wednesday after Federal Reserve Chairman Jerome Powell said the rise in the 10-year Treasury was a statement of confidence on the part of markets that the US will have a robust and ultimately complete recovery. He also reaffirmed […]

Continue reading

Nasdaq/ S&P 500 Hold 50-Day Moving Averages

The stock market opened with heavy losses to start Tuesday’s action as Wall Street awaited comments from Fed Chair Powell’s policy updates before the Senate Banking Committee. Powell reaffirmed the Fed will keep its current accommodative policy posturing for the time being, while keeping benchmark rates near zero.   The major indexes rebounded off the […]

Continue reading

Blue-Chips Stay Strong, Tech Tumbles

The stock market was choppy on Monday following a lower open as worries over rising rates and expectations of higher inflation weighed on sentiment. Specifically, the yield on the benchmark 10-year Treasury note briefly trading above 1.39% to reach a fresh one-year high.   Tech underperformed while the blue-chips outperformed with volatility rising for the […]

Continue reading

Extreme Option Profits Chart of Day…Marathon Patent Group (MARA)

Cryptocurrencies are still exploding. All thanks to retail and institutional interest.  Bitcoin is now up to $53,674.  Analysts including Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, as noted by CNBC, says Bitcoin could rally to $5,000 by the end of the decade.  From there, it could rally to $1 million per coin.  […]

Continue reading

Clorox making 1.5 million canisters of wipes per day to meet Covid demand, CEO says

Clorox CEO Linda Rendle told CNBC on Friday that the company has kept increasing production of its disinfecting wipes to meet increased demand from the global Covid crisis now in its second year. “Last quarter, we made about 1 million canisters of wipes and were getting them to stores every single day,” Rendle said on “Closing […]

Continue reading

Bulls Rebound but Bears Get Weekly Win

The stock market rebounded on Friday to snap a three-session slide with the blue-chips setting another record intraday high. Better-than-expected housing numbers helped support the rally along with the ongoing chatter for another stimulus package that could be rolled out as early as next month.   The Russell 2000 reached a midday peak of 2,275 […]

Continue reading

Bears Stay Aggressive

U.S. markets

The stock market traded lower throughout Thursday’s session as disappointing economic news concerning jobs and the housing sector weighed on sentiment. Additionally, the uptick in Treasury yields caused inflation worries after the benchmark 10-year yield traded to one-year highs and rising above the 1.30% level.   The Dow had its three-session winning streak snapped after […]

Continue reading

Extreme Option Profits Chart of Day…CleanSpark (CLSK)

At the moment, Texas is freezing. “Between 2 and 3 million customers in Texas still had no power nearly two full days after historic snowfall and single-digit temperatures created a surge in demand for electricity to warm up homes unaccustomed to such extreme lows, buckling the state’s power grid and causing widespread blackouts,” according to the Associated […]

Continue reading
1 2 3 330