Daily Market Wisdom with Nick Santiago

1. Earnings season begins next week, Officially it starts on Tuesday April 14th with JP Morgan, Johnson & Johnson, and several other reporting. Earnings are expected to be terrible. After all, the global economy has been shut down. The market already expects bad numbers.  2.Dr. Michael Burry, who is hedge fund manager famous from the big short days (2008). is talking about how crazy a lock down ha...

1. Stocks rally again, Markets are forward looking, they do not look in the rear view mirror. Most of the talking heads in the financial media get caught up in the emotion end of the business and therefore were betting against this market down here.  2. We must watch the oil pattern closely, that could be setting up for higher prices soon. Obviously it would be a production cut by opec and russia...

1. Optimism in markets due to  the peak in the spread of COVID-19 is behind us. The Spring season is here and there should be less new cases I would assume. This will be with us for a while, but it looks hopeful that there are going to be more tests and therapeutics soon. The charts were telling us this with a bullish formation. 2. Oil popped last week on hopes of a production cut by OPEC and Russ...

1. Non-farm payroll report -701,000. It is probably worst than that and will expand, but the market already knows this. 2. Oil bounce continuing today on a likely production cut from Suadi's and Russia. Higher oil prices are critical right now for the bank stocks which lend a ton to mid and small oil companies. 3.Steve Mnuchin said the SBA/Treasury lending program is expected to go live this morni...

Nick is Long Everything. In today's episode we discuss: 1. Weekly initial claims report was 6.6 million. Tomorrow we get the non-farm payroll report at 8:30 am by the BLS. 2. Crude oil is bouncing a little today on hopes of the Russia / Saudi Arabia spat ending. Either way, oil demand remains low. China is filling their stategic oil reserves at these levels. 3. Gold is the place to be right now, e...

1. The ADP Employment job report today pointed to a net loss of 27,000 nonfarm payrolls in March. This coming Friday will Non-farm payroll report from the BLS. A weak job report should be expected. Tomorrow (Thursday) there will be the initial jobless claims report released at 8:30 am ET. Last week, there was over 3 million new claims. I'd expect a similar numbers again. 2. Today is the start of t...

Massive Liquidity Hitting the Markets 1. The Federal Reserve announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility). They are now the central bankers to the world. There has been a real issue for foriegn countries to get U.S. Dollars. This FIMA Repo Facility will make it much easier for them. In these transac...

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He's made some incredible calls along the way and now he's looking to spread the word. There's no reason that the average trader should be coming up short. So now we've started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trend...