Place to stake your claim. And tony maintains home is where the coffin is. Get ready to risk less and make more options action starts now. That was super spooky lets get right to it following a troubling stat for the Housing Market as people flee the cities for the suburbs. And look at the treasuries, yee yields on the rise but carter is laying out a call for your portfolio take it away you dont think of financials as being a safe haven or defensive, but yet given the action of the market and what is happening to yields and this is a followup from the tlt trade of a week or so ago i think its important to look at banks. The first is a 10year yield chart. I like to call it a bearish to bullish reversal but forget what i call it. Something that goes down and starts to curl up. You can see it is starting to rise that is an important development. Take a look at the next chart. This is kre. It is identical. Thats all a moving average is a changing trend is important. And more often than not
Earnings season. Afraid computers might crash item your helpful i. T. Guy, mike khouw has some patches for your portfolio. Its time to risk less and make more options action starts right now. And lets get right to it despite the weak selloff in the market, one group of stocks managed to lay down some strong foundations for a rally. The itv Home Construction etf managed to rally 4 this week. And carter says there is one name in that that would make for a particularly sturdy trade. So carter, whats the name right, its Sherwin Williams. Well look at a couple of charts, but this is all weve discussed this on other shows, its the rate environment, its the one area within consumer discretion that is holding up so well and yet, not extended and not overbought, so a lot of characteristics that make this desirable. Lets look at a few tables and charts the first is, talking about Sherwin Williams, this is one of the best performing stocks in the market, regardless of its line of business here yo
The crude revival comes after opec agreed to extend production cuts through july and positive economic in demand is about to return to the market our chart master says the energy surge has gone too far too fast. Carter, take it away conceptually what we know is this is a poor market. Energy peaked in 2014 and obviously collapsed here with the covid news and has recovered. Lets look at a few charts and figure it out. The first, of course, is a table. If you look at the 10 gic sectors that compose the s p 500, obviously that which went down the most is often that which bounces the most you can see the stacking order here energy is up almost 100 followed by Consumer Discretionary up almost 60 largely driven by amazon, home depot, a few others. I understa industrial up 57 s p bringing the rear up 46. Lets look at two charts look at the xle, the etf captures all energy, dominated by chevron and exxon 40 plus percent weight the 22 to 44 what you can see clearly is were up against a fairly we
Come to a pause when it reports earnings on monday. I can never tell if you are trying to help me or destroy me. Dont be so dramatic. Were just trying to help you protect yourself its time to risk less and make more the action begins now. Lets get right to it the bond blood bath continued as the yield on the u. S. Ten year hit its highest level since 2014 the 2. 6 area has been the line in the sand over the last ten years. Will history repeat itself or will we see rates tick higher. Lets go to carter. Critical levels by all accounts what is interesting still is we have really made no progress despite all the excitement im skeptical. Lets look at a few things and go from there. Here is your chart its very clear in the lines, the highs are clear, how it has ascend lets put in those lines what we know is that today for the first time, ever so slightly, we moved above this level. So a year and one month ago 264. We closed at 266 the question is as it breaks out, does it help the financials
And you have good reason, rocky, because the vix is doing something funky and could spell trouble for stops. The action starts right now. Well get right to it because one area struck fear in the hearts of the traders today and that would be the energy. Exxon hitting a oneyear low on records. The question is now, are big dividends still safe . Well get in the money and see what brian kelly says. This is a rare appearance, so rare, in fact, you forgot to take off your tie. I didnt have time. Listen, i do think the dividends are a danger. Particularly with the big exxon and chevron, those types of things. Over the next 18 months theres time to buy these. Its not right now. We saw oil price increasing. I dont think saudi arabia is going to increase. The increase in production the around 2 Million Barrels a day. So that is obviously a huge problem. You pointed out the rate cut issue, theres a couple things that could impact the dividend, not the least of which that the Oil Companies are mak