Latest news with #ExplosiveOptions
Yahoo
a day ago
- Business
- Yahoo
CPI data: Fed rate cuts are 'back in the conversation'
Bob Lang, Explosive Options technical analyst, joins Catalysts with Madison Mills to explain how May's positive Consumer Price Index (CPI) report marks the third consecutive month of cooling inflation data, and how that factors into the Federal Reserve's decisions on rate cuts next week and all year. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. I want to bring in our contributor for the hour. We've got Bob Lane back with us. He is explosive options, technical analysts, a great voice to have when we are looking for clarity in the market because sometimes when the sentiment gets over its skis, you can bring us back to earth with the technicals. I want to start on the inflation data. We saw the market have a significant move to the upside. We're coming in just a bit off of that. How would you describe the market reaction? Uh, quite a bit of a surprise, Maddie. I was looking for, uh, a little bit of an increase in, uh, inflation over the prior month, over April. I mean, it came in with a 0.1 print on the core number, which is the number that the Fed really pays much more attention to than just the headline number. Even though the headline number did come in actually a little bit less than expected as well, as well 2.4% annualized. I think it's important to to recognize that, uh, inflation over the last three months has been heading lower. Just one print is not all that important. But as the Fed has, uh, has talked about in the past, Chair Powell has mentioned in several of his press conferences, what's important is to to pay attention to the trend and trend what he looks at is something like about three to five months worth of data in a row. So, so now we have three prints in a row. We have March, April, and May that have shown very much, uh, lower inflation. Prices are starting to stabilize, which is what the Fed is looking for. I think now that rate cuts are back in the conversation at next week's meeting. And you know, I I know some people have already come out and started talking about that as well too. But I think it's a serious conversation that the Fed has to have. I think the last Wow. projections that they had back in March, Maddie, was for two rate cuts in 2025. I still don't think that's going to change next week when they the new projections coming out in June. But I I do think that there's going to be a, uh, a legion of people on the Fed and the voting, uh, block of the Fed that's going to start saying, hey, listen, you know what? The the the proof is in the data here. We've been paying attention to the data. We need to start talking about rate cuts again. And and what's interesting is the economists that we've spoken with throughout our program in this morning have said, look, don't fully trust this because it doesn't have the totality of the tariff policy baked in just yet. But the Fed can't think about the tariff policy impact until it's shown in the data, right? That's that's the squishy part of this whole situation here. When are, uh, price increases from tariffs actually going to be reflected in the data? And, you know, really it's a it's it's hit or miss over here. It could be next month or it could be in six months from now. So, I think that that is the reason why the Fed is taking much more cautious approach as to to Fed policy going forward. They don't want to make a policy error here that they can't suddenly walk back. And and also you have to remember that Chair Powell is going to be in the seat for about another 11 months. I think May is his next term is going to be up. And, you know, who who's going to be in there to replace him with a similar policy that he's got in place? [beep] Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
CPI data: Fed rate cuts are 'back in the conversation'
Bob Lang, Explosive Options technical analyst, joins Catalysts with Madison Mills to explain how May's positive Consumer Price Index (CPI) report marks the third consecutive month of cooling inflation data, and how that factors into the Federal Reserve's decisions on rate cuts next week and all year. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Investing around market complacency even as volatility falls off
While market volatility (^VIX) draws down from April highs, Explosive Options Technical Analyst Bob Lang comes on Market Domination Overtime to comment on the shift in investor sentiment even as stocks (^DJI, ^IXIC, ^GSPC) rallied this week on the headlines of US-China trade talks. Lang weighs in on how to invest around market complacency. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
CNBC
29-04-2025
- Business
- CNBC
Market Navigator: Eyeing Meta for trade opportunities ahead of earnings
Bob Lang, Explosive Options founder, joins 'Power Lunch' to discuss what he's eyeing for Meta ahead of earnings.
Yahoo
29-04-2025
- Business
- Yahoo
Markets: What the drop in JOLTS data means for recession fears
US stocks (^GSPC, ^IXIC, ^DJI) are holding up despite recession worries, even as US job openings continue to fall sharply. Bob Lang, founder and technical analyst at Explosive Options, explains what the drop in Job Openings and Labor Turnover Survey (JOLTS) data and Wall Street's reduced S&P 500 (^GSPC) forecasts may be indicating about the market. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Well, to discuss this and more I want to bring in Bob Lane. He is a leading technical expert as well as the founder and technical analyst at Explosive Options. He's gonna join me for the hour. Bob, it's great to have you on. Thank you for making the time to stick with us for the hour this morning. I know that you look at the technicals, but it's interesting when the economic data tells us something about the state of the consumer, especially when job openings are such a big concern. Right. To what extent are you seeing any recessionary fear playing out in the technicals right now? Really, I'm not seeing very much uh, here, Maddie, with the, with recessionary fears yet. And if you take a look at this JOLTS data, I looked at some history, um, you realize that the JOLTS data has shown that this number has fallen about 50% in the last three and a half years. You have to go back to the end of 2021 when we were close to 12 million on the jolts. Now, we're at seven million. So, it's, it's a huge drop in, uh, in job openings, which kind of explains why the labor market has been so tight for such a long time. We still have, uh, four to 4.2% unemployment rate. We're going to get a new number coming up on Friday. And I think that that, uh, right there is going to tell you that the Fed is going to be more interested in watching more data related to inflation and not so much towards the, uh, towards the jobs number. Yeah. And I, I want to get your take to on HSBC cutting its annual price target for the S&P 500 this morning. Uh, below the 6,000 mark hitting. It, it was previously at 6,700. Now cutting its target to 5,600. That's in line with Bank of America's forecast. What are you seeing in the technicals that indicate whether or not we could hit as low as 5,600 for year end? Well, certainly, uh, just a few weeks ago, we had some, uh, a huge drop down to about 4,800 on the S&P 500. And, and that was a, a scary number that a lot of people were looking at, you know, are we going to hold that level? I think the Nasdaq had hit a level where, uh, it had technically been in bare market territory minus 20%. And for the S&P 500, uh, you know, that, that this level right now that we're at right now, um, is, uh, actually where many analysts are expect, for us to finish by the end of the year. So, so what do we have going here? I mean, basically is, is the market full value right now? And, and that's really what these analysts are telling you. Uh, what I think is interesting, Maddie, is that, uh, from the beginning of the year, everybody knew tariffs were going to be introduced at some point in time in 2025, when after the election was, uh, in November. Um, so these analysts still came out with some large price targets in the S&P 500, 64, 65, I even saw as high as 7,000 uh, for the S&P 500. So knowing the facts that we were going to have some tariffs and how the negative effect they're going to have on the economy, why did they have such a, a high price target? That's, uh, that's what I'm wondering. Right. I mean, that's a key question is what investors were missing heading into this administration. Thanks, Bob. You're going to stick with us here.
