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Morning Commentary

MONSTER

By Charles Payne, CEO & Principal Analyst
11/9/2021 9:36 AM

The New Investor Revolution continues to be very impressive as regular folks have been the glue that has held this market together during all the bouts of down and rare hiccups and drawdowns.

Today, I’m hosting a special New Investor Revolution on Fox Business at 2 PM ET.

It will be a celebration and acknowledgment of the resolve and success of retail investors. It’s not about hubris; but about commitments toward being great and having a greater say in one’s economic future.

The millions of folks that have poured into this market represent a cross-section of the nation:

What I love is that these folks all want to learn. They’ve watched the stock market from afar for decades. They’ve watched their parents do it the “right way,” only to come up short of the promises. They’ve seen Wall Street tamp down on their expectations while making billions everyday trading the market.

These investors saw the money and took the risk, but they never really got their chunk of the action. Investing isn’t about getting ‘rich’ quickly, but it is about ultimately changing your life and the arc of the lives of your heirs.

Many have been met with resentment for not staying in the lanes appointed to them by smart money. Yet, I salute the moxie of every investor, from those only buying passive funds to those tackling complicated options strategies. There are going to be bumps in the road and big tests ahead. I got your back.

Monster Mash

There are a lot of monster gains as investors continue to bid up winners while ignoring what might otherwise seem attractive.

Amazon.com: Ichiban - Godzilla vs Kong - Godzilla, Bandai Spirits Ichibanso  Figure : Toys & Games

Metaverse Stocks

Last week, it was Nvidia (NVDA). Yesterday, it was Advanced Micro Devices (AMD). Today, it’s going to be Roblox Corp (RBLX). Yes, this is the hype phase, and it will take a long time before reality catches up, but it’s hard to ignore what’s happening.  

Keep watching market breadth, especially 52-week highs and the up volume. It’s clear market bulls are most energized.

Market Breadth

NYSE

NASDAQ

Advancing

1,838

2,521

Declining

1,496

2,090

52 Week High

265

336

52 Week Low

15

61

Up Volume

2.70B

3.99B

Down Volume

1.57B

1.50B

Portfolio Approach

There are no sector weighting changes in our Hotline Model Portfolio.

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Today’s Session

PPI remains at mind-boggling levels on year-to-year basis.

United States Producer Prices Change

Core PPI year over year also remained unchanged

PPI month to month edged higher

Core PPI month to month climbed to +0.4%, but the street had modeled for +0.5%

The Ten-Year Bond yield is in freefall – there is steepening going on which suggests slower growth in 2022 – not sure how the Fed hikes in that environment.

 


Comments
The reason Nvidia shot up is just 'rotation' from Qorvo (QRVO) which announced a poor guidance on lower demand after they reported a good quarter. Then Skyworks (SWKS) fell also. The money went into NVDA. Round and Round and Round it goes. LoanRanger, Texas

Tim Luber on 11/9/2021 9:49:47 AM
You taught me so much, Charles, and I am now one of your "Monsters"! Thanks so much, and God bless you!

Richard Hidalgo on 11/9/2021 10:08:44 AM
Chuck,you and I click in step!!!!!!!!!

Patrick J Pedley on 11/9/2021 2:29:01 PM
Is paypal a buy now?

Bib greenstone on 11/10/2021 1:29:47 AM
Yes, I think it is a buy. CP

Charles Payne on 11/10/2021 5:12:57 AM
 

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