Midas Letter

Now that we know the outcome of the presidential election and the breaking news of Pfizer’s (NYSE: PFE) 90% effective vaccine, it’s game on for risk-on trading. Markets have taken a collective sigh of relief and seem to be on their way back to “normal” before the craziness of 2020. Sectors that haven’t participated in […]

We still don’t have a victor in the most polarizing election, maybe of all time. It seems that Mr. Trump is losing ground, and Mr. Biden is on the brink, but the country is still counting votes… What is the market telling us, and where are the current opportunities for traders/investors? Some historical themes to […]

The election is still too close to call. Joe Biden is expected to take down key states and has an easier path to victory, but votes are still being counted…  and we still see no clear result. What is clear is there was no “blue wave,” and there won’t be a change in control of […]

We are one day out from one of the most polarizing elections in US political history. As traders and risk managers, we are preparing for all possible scenarios to trade accordingly. In this state of certainty, here are a few facts regarding markets and presidencies: 1)Markets have historically performed better when there is a Democratic […]

2020 has seen technology become a safe haven for lots of investors. But as the mega-cap tech stocks released earnings yesterday, has the bubble burst? Here’s a quick summary of investor sentiment for the big tech companies this morning: Apple Inc. (NASDAQ:AAPL) – Apple reported Q4 revenue of $64.7 billion or 73 cents per share, compared […]

The market is looking a little spooked days before Halloween and the US presidential election. The S&P 500 Index (INDEXSP:.INX) had its worst day yesterday since June. However, it’s not all doom and gloom this week. Sit back, grab a pumpkin-spice latte, and watch today’s video addressing the current opportunities in the Options Trading world. […]

We are only days away from the US presidential election… The results will have not only dramatic impacts on politics but also global markets. The wait to see who the American people chose to elect, coupled with the increase in COVID-19 infection numbers and uncertainty over GDP data, could tempt some traders to sit on […]

Earnings season is now well underway. We are getting closer to 100 out of the S&P 500 Index (INDEXSP:.INX) 500 companies reporting their financial progress over a tough year for businesses globally. With 20% of reports now priced into the stock market, we have a better picture of the economy’s health and how investors should […]

We have entered a new world in which internet novice traders are gaming the stock market. New investors have flooded trading platforms like Robinhood, betting on stock picks for zero commission fees. Robinhood memberships increased by more than 30% in Q1 of this year alone. Some have compared this new style of trading to gambling, […]

As the U.S. Presidential election approaches, Wall Street and large Hedge Funds are sitting on the sidelines as uncertainty within the stock market is at an all-time high. Polls cannot exactly be trusted – as we found out four years ago. As there isn’t a lot of trading range and probably won’t be for the […]