Financial News vs. Noise
We are ringing the closing bell on the CBOE on 5/23 for the Brendan Wood Top Gun ETF (BWTG) in Chicago. Cocktail reception to follow. If you are going to be in Chicago and would like to come let me know.
Market continues to move higher on low volume and no catalysts. The S&P is now firmly back above the 50 day and you would expect a retest of the highs. So watch 5265.
Same deal with the QQQs
Rates continue to drop, so looks like we are back to expecting 2 cuts this year.
We have a model that flips back and forth between long and short TLT. Got pretty close to flipping back short yesterday but still long. If we have another green day my expectation is we go back to the short side.
Speaking of bonds. Buffett Hates Bonds Despite Rising Yields; Berkshire Holds Stocks, T-Bills-MarketWatch
Agree with Warren here. I love to trade TLT but besides that I think you have risk assets and you have T Bills.
Gold broke back out again yesterday and looks poised to resume it’s uptrend.
Only thing that gives me pause short term was the weakness in the semi’s yesterday.
TSLA is green this morning, this could be helping. Tesla, BYD, NIO in Crossfire as Report Says Biden Will Unveil Tariffs on China EVs-Barron’s. Would like to see it pop back above the 50 day.
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Matthew Tuttle is the Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management, LLC.
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