Tighty Whitie Powell & Bond Rate Skid Marks
by Nick Hodge
The stock market is doing a great job of making people nervous.
At last check, I told you the S&P bull was wounded but that it could recover. It went on to new highs but now is doing a great job of making everyone nervous again.
Bubble talk is everywhere. But technically, stocks look like they can go higher.
Light Lenten volume has led to larger moves and has done a great job scaring people. Has them seeing ghosts.
Bond rates backed off after they rose to 1.75% — marking a complete recovery from their crash to 0.4% as Covid crept in.
Good thing rates turned themselves around, lest the Fed have to use one of its tools.
A curve like that needs controlling, you know.
If it gets any higher, Jerome will begin to soil his otherwise undoubtedly pristine tighty extremely whities.
The market is figuring out what to do with these now-higher rates. The story is that post-pandemic growth can justify higher stocks alongside higher rates.
That’s the story the bull needs to hear to heal its wound.
It’s a placebo.
But sometimes they work.
Over at Daily Profit Cycle, I’ve been posting daily about broader market trends and what I’m buying and selling.
This week I covered why now is a good time to be buying cannabis stocks. And I also went over three private tech deals that I’m involved with.
Daily Profit Cycle is free. But you need to be signed up in order to get it. Do that here.
Have a great weekend.
Call it like you see it,
Nick Hodge,
Publisher, Resource Stock Digest
Nick Hodge is the co-owner and publisher of Resource Stock Digest. He's also the founder and editor of Hodge Family Office, Family Office Advantage, and Foundational Profits . He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.
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