Pre-Market Rundown (June 18, 2021)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

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Weekly Update

#1 Indicator
  • Walking It Back Already
    • Fed Stokes Rate Hike Fears Last Week
    • Fed Parade Came To The Rescue
    • Yellen Congressional Testimony – Transitory Inflation
    • Yield Curve Flattens
  • Investors Respond to Sell-Off
    • RUSH IN to Equities
    • Bouncing Coins (Big Drawdowns After China Crackdown)
    • Buying Big Tech and NAZ (Rotation of the Rotation)
    • Small-Cap Leads After Bad Week
  • Slow Summer Cycle – BUY
    • Often Lower Volumes Coming Into July
    • BIG Russell Re-balance Friday. Last Friday Saw another Re-balance and Quad Witching
    • Short Squeeze Watch
  • Stimulus
    • Word Out (RUMOR) That Biden Struck Bi-Partisan Deal on Infrastructure
    • Infrastructure Plays Moving
    • $1.2B –  (existing funding and tougher IRA sanctions on higher earners?)
  • ECONOMICS
    • Weak New Home Sales, Strong GDP (6.4), Strong Retail Sales, I/S Ratio Dropping (Sales outstripping supply), ** PCE 3.4% YoY
    • Next Week: Case-Shiller Home Price, Consumer Confidence, Employment Report, IS< manufacturing
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: CLOV, TTD, RAD, SPCE, TIGR, XLB, TLT, PUBM, QQQ, KBH, VIPS, TSLA , ETSY

Your Symbols

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