Morning Commentary
The market held up well going into the weekend, but nobody is under any illusions that the cavalry is coming. On the contrary, there is a lot of confusion and frustration and lots of folks are bracing for bad things to happen. When we expect bad things, we often get bad things that might have otherwise been avoidable. With that in mind, defensive names are still dominating with some buyers shifting back to cyclicals.
Heat Map
Financials were intriguing on Friday easing higher as bond yields continue their relentless march higher. Oil stocks were higher, but crude is bouncing around like crazy these days – off this morning on the massive lockdown in Shanghai.
My Trip to Bountiful
On Friday I was honored to speak at Northwest Florida State College where students, faculty, alumni and folks from the surrounding area came to spend their evening. In the town of Niceville, which lived up to its name, I had a chance to go to a couple of restaurants, visit a family putting the finishing touches on their dream home, and then complete the day with a book signing.
This was a smart audience that understands history.
Two hundred people waited in a line that went out the door and it was a wonderful time for me to get to learn about the locals even more.
The great news is America is built on a lot of towns like Niceville. On today’s show, I will share their concerns and questions with some very special guests.
Lining up for Unstoppable Prosperity
Portfolio Approach
On Friday afternoon, we added a new position in Industrials in our Hotline Model Portfolio.
Today’s Session
Bond Yields Gone Parabolic
This is so problematic, but it’s what the Fed wanted as well. This kind of moves means not having to take the most draconian actions later in the year, but its creating more panic at the moment.
The Fed is playing from behind and this is what desperation looks like.
Comments |
I do not believe that the Fed has answers at all. It does seem that every time one of them shows up on TV stocks move DOWN. Lots of double-talk; Predictions are usually wrong. They should stay away from the media altogether. Deb Weiner on 4/11/2022 9:52:35 AM |
Each week I am losing hundreds of thousands of dollars; When is the Market going to turn arond?? Carla Sawyer on 4/11/2022 10:06:44 AM |
More Action! My father- retired USAF- has a scholarship named after him at Northwest Florida! He is now 90 and has promoted the USAF for 70 years! So glad you visited the Emerald Coast! Claudia Farmer on 4/11/2022 10:23:25 AM |
Wow, that is so impressive Claudia. Please tell your dad I said "thank you for your service."
God Bless
CP Charles Payne on 4/11/2022 10:35:37 AM |
Each week I am losing hundreds of thousands of dollars; When is the Market going to turn around?? Chuck Randell on 4/11/2022 10:29:56 AM |
Let the "Talking Heads" chatter on. Those of us that know better already don't believe hardly a word they say. Most of the "governors" have gone "political". They spout the "Party" line. Do your own homework! Stop listening to the BS put out by Jay Powell. Charles Haselberger on 4/11/2022 10:40:58 AM |
Audit the FED! Bruce Hongsermeier on 4/11/2022 10:52:25 AM |
Charles. So glad to read of your trip to Florida and all the people lined up to meet you. I look forward to today's program on Fox. You give great insight on turbulent markets. Thanks for the guidance! Becke Freitas on 4/11/2022 12:00:42 PM |
Thank you so much Becke. CP Charles Payne on 4/11/2022 12:25:32 PM |
It was a pleasure to host you in Niceville Florida. Great talk. As I told you, time to find a house down here in free Florida. William E Blanken Jr on 4/11/2022 12:28:52 PM |
It was fantastic meeting you and everyone one else - so many wonderful people. it would be a perfect place to get away. Thanks William. CP Charles Payne on 4/11/2022 12:44:44 PM |
The bond market rate is already doing the work of the Fed, What jerry on 4/11/2022 12:47:08 PM |
THEY ARE JUST LYING TO AMERICA! FINISH THE WALL AND DRILL DRILL DRILL WITHOUT ALL THE REGULATIONS! WHAT DOES THE SQUAD HAVE A BIDEN...FIND IT AND CLOSE THIS S DOWN @!!! Margot Lizardo on 4/11/2022 1:47:09 PM |
Ah, great you had an opportunity to visit Florida and talk to some real people. We have to remember and invest appropriately. The market doesn't always go up, but over time it does. Thanks Charles. Lorin on 4/11/2022 9:12:29 PM |
Less talking and more action! Shane Madrinich on 4/20/2022 7:29:41 PM |
2009 through 2021 easy money. So rewarding foolish behavior, what will it take to reverse, never? So will fed jawbone-ing be enough, or will it take actual action by the Fed. Remember even with Paul Voker every 10 years of higher stock market. Jay jay on 4/22/2022 2:49:25 PM |
Tweet |
3/28/2024 1:39 PM | Fruitful Quarter |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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