Archives: Mish's Daily

The Election Nears and The Family Holds Strong

Mish Schneider | October 25, 2020

Written by Mish and Forrest Friday gave the thrill of a roller coaster ride, as we watched major indices run up and down throughout the day. While it’s not the ride most investors look for in the market, it’s the best they can get since most amusement parks have yet to open. It also looks to stay this way as the United States watches Europe get hit by a second wave of Covid cases. Without

Can Cheap Money Entice Small Business Growth?

Mish Schneider | October 21, 2020

Co-Written by Mish and Forrest A growing worry of stagflation (High inflation followed by stagnant economic growth) is becoming more of a trending reality as the pandemic looks to continue into the next year. The March selloff affected major global supply chains and if paired with rising inflation, could create an even tougher environment for smaller businesses to survive or join today's economy. Can cheap money from low interest rates be enough to entice new

Is the Market Coming to a Head?

Mish Schneider | October 19, 2020

Co-Written by Mish and Forrest Today, the hope that the Economic Modern Family held onto coming into the week waned a bit as the stimulus talks stalled once again. After the close, more headlines emerged as the Senate is back and both sides know that politically, some stimulus package should be passed. And that is the question-who gains or loses on a package passing? Republicans behind in the polls do not want to appear uncooperative.

Who Rocks? The Economic Modern Family; That’s Who!

Mish Schneider | October 18, 2020

Co-Written by Mish and Forrest In spite of no passing stimulus, mixed economic data, rising covid cases and a wild pre election season, for the first time since we can remember, the Economic Family is brushing off most of the negativity. For years, we would report on the health of the family with words like “lagging,” warning,” and “sick.” All except Sister Semiconductors of course, who has been the wonder woman star of the whole

When Will the Financial Sector Stop Riding the Bear?

Mish Schneider | October 14, 2020

Co-Written by Mish and Forrest The banking sector has been put through the ringer since the March selloff. While the market has rallied since then, KRE (Regional bank ETF) still looks in need of help. One thing to note is that JPMorgan and Goldman Sachs reported Q3 earnings stronger than expectations. While JPM and GS are not part of the KRE ETF, it does give a hopeful view of more Q3 earnings to come. Above

The Key to Your Success

Mish Schneider | October 13, 2020

Written by Forrest Crist-Ruiz I have been trading for many years. However, since I began working with Marketgauge, I have become a much better trader. The major reason, besides the awesome teachers (Mish, Keith, Geoff and James), is that they have taught me to think in terms of a rule-based trading system. In today's extremely volatile market condition, it's important to analyze how you trade and what your plan is. Many traders struggle with self-doubt,

The Market Runs Rich

Mish Schneider | October 12, 2020

Written by Forrest-Crist The Market begins to show some overexuberance as we head into earning season and the election date closes in. Amazon prime day and an apple event are scheduled this week with other companies, like Target and Walmart joining in with their own sale events to compete. This could make for a push in the retail sector as companies gear up for an increase in online sales. Along with retail, the homebuilders sector

Happy Days For the Economic Modern Family

Mish Schneider | October 11, 2020

Co-written by Mish and Forrest Friday showed us that even with the insecurity of the stimulus package passing and tension from job loss, the Modern Family was still able to close strong for the week. Grandpa Russell (IWM) which has been in a consolidation period for the last 6 weeks has closed over resistance at 159.82, which was created on August 11th. In fact, IWM has gained about 12% since the start of October! This

The Self Fulfilling Prophecy

Mish Schneider | October 7, 2020

Written by Forrest Crist-Ruiz It's interesting how news affects the market. The negative information paired with human emotion sends the market frantically lower. It is also interesting to watch how it creates a self fulfilling prophecy. When people hear negative news, a common thought is “My goodness, I must sell before everyone else does.” If enough act on this, they create a chain reaction. Initial selling leads to stops getting triggered as the price moves

What Do The Technicals Show Us

Mish Schneider | October 6, 2020

Co-Written by Mish and Forrest These past weeks we’ve talked about the market's hopes of a quick stimulus package. Today showed how easily the market can flip when stimulus hope fades. It also shows that the market can trade higher on expectations even though it really didn’t know what would happen. This is a good time to look back on the key market indicators to see if we should change a bullish bias or if