Todd Harrison: Random Thoughts on Stocks, Social Mood, and Solange Knowles
Taking our journey one step at a time.
Another day of the freaky fray is upon us as the bears seize the early lead. As is often the case these days, time is a precious commodity. As such, I'll dive right into the news and views that matter for the session and beyond. In no particular order:
Why Solange Knowles matters to the stock market: The song remains the same.
- Does anyone else find it odd that the ECB is posturing an economic bazooka to ward off deflation with the German DAX Performance Index (INDEXDB:DAX) tickling an all-time high?
- The greatest trick the devil ever pulled was convincing the market that the SMART Money Index didn't exist. It does, and it's updated below.
Click to enlarge
• The bulls continue to flirt with a massive breakout. See it, even if you think it's the world's greatest head-fake-in-waiting. Through a pure technical lens, a move through S&P 500 (INDEXSP:.INX) 1900 on the upside works to S&P 1975 (4% higher).
Of course, if technical analysis were gospel, it wouldn't be called trading -- it would be called "winning."
Speaking to financial services clients, identifying a way to crack the millennial code is priority one; there's a massive transfer of wealth on the horizon. Personally, I'm a buyer of that demo.
Minyanville's Peter Atwater delivered a tremendous TEDx talk on America's chronic "underconfidence." As a card-carrying socionomicist, I think he makes some fascinating observations. You can view them here.
- The SPX versus KBW Bank Index (INDEXSP:BKX) chart is below; presumably, the banks will either outperform the S&P, or the S&P will underperform the banks. It's all relative.
Random Links From the Archive:
Cannabis Is the Single Best Investment Theme for the Next Decade -- An Update
The Bulls Flirt With a Massive Breakout
The ECB Loads the Bazooka
The Ever-Changing Media Landscape
Things I've Learned
The Critter's Choice Awards
The Short Sale of American Icons
The Bull's-Eye on the Back of High-Frequency Trading
Does Ben Bernanke Have a God Complex?
Minyans in the Mountains: Keynote Address From Vail
- Memoirs of a Minyan
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Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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