The Latest Breaking News from Spy

2022 has been a very difficult year for investors as the stock market (SPY) has tumbled into bear market territory. Thus, the strategies that worked so well in 2021 are getting crushed. Add inflation, inverted yield curve and hawkish Fed to the mix and you understand why the downward pressure…

The S&P 500 (SPY) declined more following the June CPI report which showed that inflation was worse than expected at 9.1% vs 8.8%. As a result, the odds of a 100 basis point hike at the July meeting and a 75 basis point hike at the September meeting increased. Ironically,…

More and more it looks like recession is here. This includes a dramatic decline for ISM Manufacturing discovered this morning. As you likely know, most economist call manufacturing the "canary in the coal mine" for the US economy as it often shows weakness before other areas. In fact, GDP Now…

In a not very surprising turn of events, the bear market bounce has failed as we've given up more than half of its gains. I, think it validates our decision to sit on our hands. Another validation is weakness in energy and cyclicals - a dip that I am not…

Spoiler alert...the bear market is not over. Unfortunately history shows that the S&P 500 (SPY) has much further to fall to squeeze out excess valuation. That is just a natural part of the bear market process that is properly explained in this timely market commentary. More importantly, this commentary provides…

The S&P 500 (SPY) has bounced with gusto this week. Maybe the bear market is not here to stay? Ha! Don't make me laugh. This is just one in a long line of "suckers rallies" before the next leg lower. The reasons why are spelled out below in this week's…

This SPY butterfly spread has the potential to return $1,875 while only risking $125.

When most people hear the sirens of the bear market they run for cover in cash. But is that the smartest idea when inflation is over 8% and your cash accounts still pay virtually nothing? (That was a rhetorical question). Gladly there is a better way to carve out profits…

The main question of bull or bear market has been answered quite loudly this week. BEAR!!! That is because we have spent 5 straight sessions in bear market territory, with the S&P 500 (SPY) dropping below 3,855. Now more investors are getting the memo and running for the exits at…