Latest news with #JaredBlikre
Yahoo
3 days ago
- Business
- Yahoo
Tech highs, liquidity spigots, crypto week: Market takeaways
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to discuss the main takeaways from the trading day: the Nasdaq Composite's (^IXIC) fresh record close, global liquidity spigots, and crypto's big week. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. The NASDAQ hits a fresh record close as the S&P 500 posts a weekly gain for more than trading day takeaways. Let's bring in Yahoo finances, Jared Blickre. Jared. Thank you, Josh. You said it, NASDAQ record highs, thanks to tech, and that is my number one takeaway. Tech at record highs. And let's just take away a look at some recent price action. Uh, let's go to the NASDAQ composite, and I will look at a two-month candlestick chart. You know I love candlesticks, and you can see the trend has been up, up, and away since about June 20th. So, three weeks or so, we've had this extension. Now, contrast that with the S&P 500. It has just been treading water, managed a new record close yesterday, managed a new record intraday high on the open today, but essentially kind of stuck in there. It's been really fascinating to watch what is working and what is not. So, people have been talking about bad breath, and that is the case that we haven't seen a lot of stocks climbing, uh, and participating, and that kind of speaks as to why the S&P 500 is stuck in a holding pattern. But then we've seen a lot of the smaller stocks and some former meme stocks really get, uh, kind of lift off here. And here's the sector action. Tech up 2% for the week, followed by utilities. That was interesting. But let me go over to our meme stock board, and we saw a lot of action in here. Remember pilot Palantir? That's, uh, this is a large cap stock now, up 8%, Coinbase hitting record highs, Hood up 11%, but I want to hit Carvana. It was up 1.1% this week, nothing to write home about, but here's the max chart, and this is which catching my eye. This was a $350 stock in the meme stock craze of 2021, lost 99% of its value, closed at $3.55 in December of 2022. And guess what? After being down 99% to get back up to those record highs, it had to 100x, and that's what it has done. And so that is just kind of telling you what is going on. So, there's a lot of money, it's just trying to find a home in the markets right now. What's behind the strength in, in risk assets, Jared? Like tech and the meme stocks you're highlighting there? The global liquidity spigots. So I was just taking a look, um, after reading the blog of Michael Howell today, he talks about liquidity and central bank, uh, spigots, and that is what we are seeing right now. China started really printing last year in September, that is catching up. What we're looking at here, in green is the S&P 500. This goes back to 2003, 2004. Uh, could be log scale, uh, but we'll stick with this. And then we have global M2 money supply year over year, and this is a percentage, and you can see in the white here, it goes up, it goes down. But what we're seeing right now after this big pandemic up and then down crashing into negative territory, it is now peaked above this high that we saw earlier last year, and now we are at the highest level since 2022 or 2021, and on the way up, basically the highest level on the way up since 2020. And so that is why I think we're seeing a lot of this kind of strange price action. You throw in a week dollar, and you got the floodgates. It's Friday. Yeah. We know Bitcoin doesn't sleep. So what are you seeing in crypto? Crypto week wrap. And let's take a look at this, because, uh, we saw a lot of action, not necessarily in Bitcoin. Let's take a look, and we'll do five days since Monday. See, Bitcoin down 2%, but Ethereum really took off up 16%. Let's take a quick look at that chart. We'll do a six years so we can see pre-pandemic and how it's just been kind of looks like it's ready to break out of a trading range right here. Hasn't happened just yet, but if it breaks free, that just gives it a lot more momentum, and then if it does, I'd be surprised if it doesn't take that out, at least test it. And then here's another one, Ripple. Ripple has been testing all-time highs. It's exceeded some of these highs, depending on which exchange you're looking on, but look at that. Uh, this is right up against the highs that we saw in 2018. Ripple was kind of left for dead in 2020 after the SEC was going after it, but it is back to life. And I just want to show you the equal weight version of what's happened this week. Lots of action there, not a lot of downside action, and I've been talking about the breadth in crypto. Well, there you have it. What's on your radar next week? I got earnings. I'm watching commodities, especially platinum, palladium, doing a hit on that Monday morning. And, uh, also the dollar. Is it going to go up? Is it going to go down, going to go down? We'll have to see. We shall see. Thank you, Jared. Appreciate it.
Yahoo
4 days ago
- Business
- Yahoo
Record highs return, yields, ethereum: Market takeaways
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to go over the biggest takeaways from Thursday's trading session: the return to record highs, the relationship between yields (^FVX, ^TNX, ^TYX) and commodities, and movements from ethereum (ETH-USD). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. The S&P 500 and the NASDAQ notching a fresh record close. Investors digesting a wave of corporate earnings reports along with better-than-expected economic data. And Yahoo Finance's Jared Blikre joins us now with the trading day takeaways. Jared. Thank you, Josh. We got to talk about those record highs here that you were just talking about. And I'm going to chart them for you. I'm going to start out with the S&P 500. This is a two-month chart. And yes, each one of these candles is one day, and we just closed at a record high. Essentially, though, we are still still at the top end of a two-week range. So we haven't quite broken out of that yet. But if you look at the NASDAQ composite, we are definitely trending up, as we have been since the lower edge of that chart two months ago began. And then you take a look at the Russell 2000. I like this too. Hasn't broken out, but we've seen some leadership over the last two days from the Russell moving 1 percentage point, I believe, both days. Now, I did have some concerns about 30-year. We'll get that into that in a minute. But let me just show you the VIX, too. This is sitting near multi-month lows. We had a brief spike up yesterday that had to do with all that kerfuffle regarding Trump potentially firing Powell, but that was walked back. So things seem like they're getting back on track here with respect to the equities rally. I would like to see breadth improve here, but even meme stocks were up today for the most part. So I consider that kind of a win for the stock market. Kerfuffle. Great word. Oh, thank you. Underused word. The 30-year yield, which you mentioned and I know you've been focused on, what do you see? Yields have been juicing commodities. Now I'm going to dive into this on Monday morning in the AM hour, but basically my thesis is we have record fiscal deficits right now, and we also have the Federal Reserve on track to ease this year. The point is they're not going to be raising rates. So you have the Federal Reserve keeping rates low, you have all these deficits, and there has to be a relief valve. And usually that comes in the form of currencies or yields, in other words, the bond market. And so the currency market right now, the dollar is down on the year. However, it is being propped up a bit by tariffs. And so the release valve has been in commodities. So, oh, and I do want to tackle those yields here. The 30-year yield, you have seen that shoot higher, basically, but there are some moves by Basant over in the Treasury that could keep that capped. So the release is commodities, and we've seen some super cycles in the past. You remember the 1970s, or maybe you read about it in the history books, um and also the early 2000s. And let me just show you what commodities have been doing recently. This is what happened today. You can see platinum up up another three and a half percent. But if I go to the last month alone, check this out. Palladium up 24%, orange juice, of all things, up 18%, platinum 18%, copper. You got cattle in there. You got all kinds of things like sugar. So we're seeing a lot of pressure on commodities, and that is where all this fiscal these deficits is being expressed. So I'm going to tackle that Monday morning, give you some more details there, but that's the short and long of it. Switching gears, we talked to a congressman on the show today about the crypto bills on Capitol Hill. So let's do a quick check on crypto perhaps. Ethereum has been mooning recently, and there's been a lot of excitement about this. I'm going to chart some I'm going to chart a bunch of these guys. Let's get my crypto heat map up there. And you can see this is over the last month. And let's just stick with this for one hot second. You can see a lot of outsize performance here. XLM, Automatic up 85%. There's Algo up 76%, Ripple up 55%. Here's Ethereum, 36%. And this is the intraday chart of Ethereum. Let me go to a let's do year to date right there. And you can see it has just shot up, and most of it is just due to recent price action. We've seen huge inflows into ETFs that cover the Ethereum market, and so that has been beneficial for this. All in all, I see a lot of potential with the crypto in the crypto space here, especially with this institutionalization of it. These things have to go to the Senate, and so there's more work to be done there. Anything can happen, but things are moving in the right direction for crypto, especially with all this breadth, which I've been telling you I really like. Quickly, on deck tomorrow. What's on your radar? Options expiration. Always a fan favorite, right? Thank you, Jared. Appreciate it, my friend.
Yahoo
4 days ago
- Business
- Yahoo
Breaking down 'market breadth': Here's what you need to know
Yahoo Finance Markets and Data Editor Jared Blikre joins the show to discuss market breadth and market internals in the context of the S&P 500 (^GSPC) and the most recent bull market. Catch more Stocks in Translation here, with new episodes every Tuesday and Thursday. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Related videos 'My girlfriend is a millionaire, but I live on the breadline' Housebuilding giant hit by London exodus as sales slump The FTSE 100 sits at a record high. But some stocks still look dirt cheap! Could this trigger a stock market crash? Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Powell & Trump, top performers, market flows: Market takeaways
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to review the major takeaways from the trading session: the confusion around whether or not President Trump plans to fire Federal Reserve chairman Jerome Powell, a review of all the market outperformers since Trump's "Liberation Day," and where the market has been flowing. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
Yahoo
6 days ago
- Business
- Yahoo
Bonds vs. stocks, Nvidia & tech, bitcoin dips: Market takeaways
Yahoo Finance Markets and Data Editor Jared Blikre joins Asking for a Trend with Josh Lipton to go over the main takeaways from Tuesday's trading day: how bond (^FVX, ^TNX, ^TYX) movements spooked stock markets (^DJI, ^GSPC, ^IXIC), Nvidia (NVDA) and the tech sector leading stock gains, and bitcoin's (BTC-USD) slump after several days of upward movement. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Stocks closing mixed as the Dow slides after CPI inflation accelerates. Meanwhile, Nvidia surge lifts the Nasdaq to a record. Yahoo Finances, Jared Blickre joins us now with the trading day takeaways. Jared. Takeaway number one, bonds scared stocks today. And I'm going to jump right to the 30 year because it is above 5%. This is a level that has been scaring stocks off and on for over a few years here. And let's take a look at the chart here. You can see it close a day up five basis points to 5.02%. Here's a two-year chart and every time it is poked above 5% and it's done so a few times in recent history here, as recently as just a couple of months ago, post liberation day during that rally, guess what? Stocks rolled over a bit. So stocks don't like this, and we're going to talk a lot about this in the, I think, the days and weeks to come, maybe the minutes to come as well. But the bottom line is, after that CPI report today, which was not as bad as feared. We were expecting a jump in the monthly numbers of three tenths of 1%. We got that number for the headline. Uh, we actually came short of it, so it was better than anticipated for the core number that takes out food and energy. You put it all together, stocks actually rose in the, this was the pre-market, so that stock futures rose on that report. But as soon as the market opened, we had bond yields climbing and that just kind of tipped everything to the south side. So that's my number one takeaway right here. But there was some green today, was there not? Yes, there was, and you can thank Nvidia, you can thank the chips, you can thank tech, you can thank the Nasdaq for that. And let's take a look at the Nasdaq 100 because that kind of shows you what's happening today. And, uh, let's see if we dial that up right here. These are the sector action. By the way, I said tech, tech was the only sector in the green up 9 tenths of 1%. And here's the Nasdaq 100. In the upper left corner, there's Nvidia. You want to hit that for me? 4.04%. Uh, here's the price action. So this is a record high. I'll show you the last six years so you can see how far it's come up 4,000%. That is a nice chart right there. Uh, very volatile stock, but the AI leader clearly still in control of the rally, but this is almost a defensive trade. Like look at all the green on here. Most of that is in the chip space, some of these outside winners. And this is where you really saw the concentration of winners today. Not even the smaller chips, a lot of red here, but it's the larger ones. And so this is a contrast from what we saw in the prior days, uh, as we were talking about yesterday. I was out three weeks, but smaller small caps were doing well, especially yesterday, uh, when I came back and also meme stocks and crypto, we're going to talk about that in a minute. So things were looking good, but then we had this party interrupted by yields. And so that's still my biggest concern right here. You mentioned crypto. What are we seeing? You bet. So let's take a look at that because crypto, mainly Bitcoin slumped. Now, not everything was looking red today in crypto, and I'm going to show you the heat map for that in a in a second here. Here we go. Ethereum was up 1.32%. We have had incredible price action, not only price action, but flows into Ethereum ETFs. Let's focus on Bitcoin here. It's down 3% over the last 24 hours, and I'll show you a year-to-date chart here so I can do some voodoo technical analysis on it. And here is the most recent jump to record highs. Now, we had a consolidation here over several months. It was a healthy consolidation. There were some fake outs to the upside and to the downside. That's what Bitcoin does. But I think what traders are asking themselves right now, because is is this another fake out? Was this break to new highs, another fake out? Went all the way to 123,000, came down to about 116, so that's $7,000, which is nothing to sneeze at here. That's about 6% in Bitcoin. I looked over the prior six years of history, not necessarily on the screen, but on my charting platform on Yahoo Finance. And I found that when Bitcoin does break to new highs, and it does so convincingly, you typically don't have these big slumps like 6% in one day. That typically doesn't happen. So this is, this might be an outlier. I'm not too concerned about the rally, unless unless we take out to the downside those prior highs, 111, 112,000. If we break that, then I start getting concerned about this being a false breakout. But here's the good news, and here's what I was talking about yesterday. Here is a 10-day look. I'm going to sort by performance here. You can still see there's a lot of gains to be had here. XLM up 77.8%, Aldo up nearly 60, uh, Ripple up 27%, Cardano 24%, Ethereum holding onto gains of 19%. So things, the breadth in the crypto market looking pretty good here. One day does not a trend make, but it has my attention. Bottom line, let's get on in this. The big theme for Jared Blickre in today's trade. Bond market is leading. Uh, bond investors are scared. The one good spot today, the US dollar was up as well. So this is uh, the opposite of what we saw a few months ago in liberation day. The dollar was tanking as yields were going up. Well, that's not what happened today. So, again, one day does not a trend make, but has my attention. All right. Thank you, sir. You bet. 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
