Kenny PolcariKenny Polcari

Kenny is the editor of Morning Thoughts and has been with Seven Figure Publishing since 2019.

Kenny is a CNBC exclusive contributor appearing on shows like The Halftime Report, Power Lunch, and Closing Bell. His market commentary has reached audiences across the nation on media outlets such as Bloomberg, Fox, ABC, and more.

Kenny’s been working on the floor of the New York Stock Exchange since 1980, when he started as an intern. In his time at the exchange, he witnessed world-changing market events — from the great bull market of the mid-80’s to the “Black Monday” crash of ’87. He was even on the floor on the morning of Sept. 11, 2001.


Markets Focus on the Positives

Happy 4th of July! Stocks began the quarter mixed – which was not so much of a surprise to me – although I will admit – I did expect a bit more weakness after the strong second quarter performance and the last minute window dressing we saw on Tuesday – BUT there were some positive headlines that hit the tape early on…

Get Ready for Election Cycle Drama

Good morning – so half the year has gone by already… and if you’re like me – I’m happy to say good riddance… Who would’ve thought what happened (and is still happening) could really have happened? I mean think about it – but to do so you have to go back to early 2018 when the administration embarked on new trade negotiations with China – it what became known as the US/China Trade War…

Markets Remain Anxious

The headlines continue to reveal that the feared resurgence in coronavirus cases is alive and well and hitting some of the southern and western states hard… TX, FL, AL, AZ, CA all reporting ‘substantial increases’ in cases and this is raising the fear that we may have lost control of this latest outbreak.

Stress Tests

Let’s be clear – if we get another national lockdown – that brings this country to its knees again - the idea of ‘de-risking’ will take on a whole new meaning… but I do not think that will be the case – unless this spread or the number of cases continues to surge at such speeds that the healthcare system once again gets overwhelmed…

Shakedown

It was an ugly day on the street yesterday… but not completely unexpected. The Dow fell by 710 pts or 2.72%, the S&P gave up 80 pts or 2.6%, the Nasdaq fell by 222 pts or 2.1%, and the Russell gave back 49 pts or 3.5%. And while that was ugly – it was off the lows of the day… if there is any consolation in that.

All Eyes on the Economic Recovery

Stocks continued to rally on Tuesday – picking up from where Monday left off… and again Apple stealing the show… as it usually does... up another 2.1% as investors/traders and algos just can’t get enough… Apple is now up 7% since last Friday and is up nearly 25% on the year. The news just keeps getting better and better as the week and the year go on…

New Lockdown Concerns?

Stocks rallied then failed as Apple set off another round of ‘lockdown’ concerns when they announced that they will be shutting stores in 4 states that have seen a Recent jump in cases... once that news hit the tape, the algo’s went into overdrive – going from buy to sell in short order sending the market tumbling by 63 pts on the S&P or 2%.

What’s Powell Saying Now?

Stocks slid on Wednesday – ending a three day ‘winning streak’ – continued testimony by Fed Chair Jay Powell, rising concerns over rising rates of infection and excerpts from the now famous John Bolton book – ‘The Room Where it Happened’ all contributing to the risk-off mood that permeated the markets all day. And while stocks did open higher – they quickly failed going negative by 10 am… and then spent the rest of the day fighting – not sure whether to rise or fall as the algos tried to interpret the headlines.

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