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.


Once Inflation Takes Hold…

The global economy can heat up and inflation will ignite faster than you can say – ‘What happened?’… In fact – the word is that the FED is preparing to let inflation gain some speed first before they react – a plan that I would not support at all – because it puts us behind the 8 ball (but what do I know?) … Once inflation takes hold – then its most likely a return to the late 70’s early 80’s when rates hit historic highs of 21%! And that is not me being anxious at all, it’s the hard reality – and for those of you who were NOT around during the late 70’s / 80’s – go and ask you parents – what happened…

Tech Hits a Wall

Tech steals the show again on Friday as the weakness in that sector was felt across the board as the rotation continues… Information Technology – a sector that has been leading the rally – has suddenly hit a wall and was in fact the worst performing group for the week and that set the tone for the broader market as investors watch the tech heavy weights and the momentum plays come under pressure – which then sends a message that maybe there needs to be a revaluation of the market.

FANG Hangover

So after the Palooza there’s always a bit of a hangover… and yesterday’s action and maybe today’s as well – was that hangover… investors/traders and algo’s needed a break… Early economic data revealed that the labor market remains skittish… Initial Jobless Claims coming in at 1.4 million -120k more than expected… and Kansas City Fed came in slightly weaker than what the street was prepared for.

It’s a PALOOZA!

It’s like a broken record now… and again the market marches higher… Yesterday 23 companies announced earnings… 18 ‘beat the expectations’ – 5 ‘missed’… 78% hit rate… in line with what we have been seeing so far with now 150 companies reported and ~ 80% have beaten the estimates…

You Can Feel the Storm Building…

Oh boy… here we go… You can feel the storm building… you can feel the Earth move… and you can feel the undertow of the ocean… stocks struggled yesterday… trying to keep up with the ‘joneses’ but fell short as the day came to a close… and while the Dow and the S&P ended slightly higher… the Nasdaq fell… as investors are once again begin to consider how far and how fast some of these tech names have moved…

The Vaccine Race is On…

S&P, Nasdaq, and Russell all end higher while the Dow ends lower in a continuing struggle over what’s next… as stocks show signs of exhaustion – NFLX ended the day lower – down 6.5% – as investors punished it vs. the whole sector – although I must say that the pressure on NFLX did keep the others in check as the Nasdaq only added 0.28%…

NFLX Misses – Will Tech Get Hit?

It’s Friday – Asian markets ended the week a bit higher, European markets have started the day under pressure and US futures are suggesting confusion after the NFLX earnings report… EPS (Earnings per share) missed expectations at $1.59 vs. the estimate of $1.81, but at the same time did say that they added 10 million+ new subscribers to its paid platform – beating expectation of 8.07 million…

Bad News is Good News

The worse may be yet to come… as the banks warn of the ‘extraordinary economic uncertainty’ ahead… And so it begins… JPM, C, WFC all reporting results… by now we know that both JPM and C beat the estimates and maintained their dividends while WFC failed to beat the lower bar and cut its dividend… no real surprise at all…

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