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Battered Bitcoin & Rising Yields Means Lower Stock Prices - Nick Santiago 1-18-22 #356

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Manage episode 317883442 series 3281026
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
1. Stocks under pressure to start this holiday shortened trading week. Rising stock yields mean lower stock prices for now. Yields are going higher no matter what. QE is gone.
2. Earnings season is underway. Goldman Sachs reported earnings before the opening bell and that stock is trading down by 8%. So far, we have seen a negative reaction in JP Morgan Chase after earnings and now Goldman Sachs. This decline is even occurring despite higher bond yields which is generally favorable for financial stocks.
3.I t's that time of the month again! Options expiration for January is this Friday (Jan 21). So we should be prepared for a wild week of trading. Also remember, there will be a lot of institutional game playing with the popular stocks as the institutions play pin the strike price on the donkey into Friday.
4. Gold/Silver/Bitcoin Gold futures are up and silver is making a very good move. Silver could get to 23.85. Gold holding up well. Bitcoin remains week. It’s consolidating below its 200 day moving average getting ready to break 35k.
  continue reading

558 episodes

Artwork
iconShare
 
Manage episode 317883442 series 3281026
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
1. Stocks under pressure to start this holiday shortened trading week. Rising stock yields mean lower stock prices for now. Yields are going higher no matter what. QE is gone.
2. Earnings season is underway. Goldman Sachs reported earnings before the opening bell and that stock is trading down by 8%. So far, we have seen a negative reaction in JP Morgan Chase after earnings and now Goldman Sachs. This decline is even occurring despite higher bond yields which is generally favorable for financial stocks.
3.I t's that time of the month again! Options expiration for January is this Friday (Jan 21). So we should be prepared for a wild week of trading. Also remember, there will be a lot of institutional game playing with the popular stocks as the institutions play pin the strike price on the donkey into Friday.
4. Gold/Silver/Bitcoin Gold futures are up and silver is making a very good move. Silver could get to 23.85. Gold holding up well. Bitcoin remains week. It’s consolidating below its 200 day moving average getting ready to break 35k.
  continue reading

558 episodes

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