In case you missed Tony today, 5/18/20, on CNBC Fast Money
Watch as Tony talks to Melissa Lee and the panel about the 'frustration phase' that we are in and, as hes highlighted in recent notes, what it will take to…
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S&P 500 trades up to the highest level in eleven weeks
Other than a small fade in the final minutes of trading, there really wasn’t anything to pick apart in today’s rally.
Read MoreThe best sign yet…
The best sign there could be some follow through to today’s upside in the economically sensitive Banks and Tanks (S&P Financials & Industrials) is that the rise in the 10-year…
Read MoreTODAY: Watch Tony on CNBC Fast Money 5pm
Tune in to watch Tony discuss todays market moves on CNBC Trading Nation 2pm EST and CNBC Fast Money 5pm EST.
Read MoreGood day for “economic” vs. “Covid-19” trade
Don’t watch the S&P 500 (SPX) for increased signs of economic recovery – watch the rotation in sectors and other asset classes – and over the past three sessions it…
Read MoreSome serious early buying pressure today
Reassuring comments from Chairman Powell and positive news on a potential vaccine has investors in an optimistic mood today.
Read MoreAdd possible vaccine to “risk-on” move
On top of the Fed’s “risk-on” feel, Moderna (MRNA) announced hopeful data in a search for a Vaccine. According to CNBC: “Moderna shares rallied more than 26% after the company…
Read MoreFed head kicks up sentiment a notch
The Federal Reserve continues to give us their game plan, and it remains aggressive. Their decision to buy corporate debt was a game changer because it showed how aggressively they…
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