They all gapped higher at the open.  Assume I did the right thing by not chasing.

Could there be a re-entry if they pullback?

My thought about inflation is similar to yours (I believe): Even if inflation cools, all that means is that the rate of price increase (year over year comparison) slows but prices remain high.  Just like at the gas pump, prices are quick to rise when circumstances dictate, but are slow to come down.  Cost of living has ratcheted up and will likely remain high for some time.  How stocks react to that scenario I don't know.

Have noticed that for GDX and GDXJ, volume on the final 5 minute candlestick is significantly higher than at any point throughout the day.  Any insight into why or what's going on?  This has been the case for the last 10 days, perhaps longer, but I haven't checked.

Any idea what happened to this "story stock"?  At least two intriguing products/concepts they have developed.  Fell off a cliff the moment it was listed on the NASDAQ.

Thanks for posting.  My takeaway is different.  Essentially, the author argues that you can't judge bitcoin's energy consumption or environmental impact because we don't yet know bitcoin's full potential.  Feels more like a rationalization to me.  

Thanks for sharing.  Three questions:

1.  How is the interest rate derived at each 6 month adjustment?  What is the interest rate linked to?

2. Based on what I read at Treasury Direct, I assume a new I Bond will be priced in May since it currently states you can buy at 7.12% through April 2022.  Would that imply a higher interest rate at the May adjustment since the inflation #'s keep rising?

3. Is there any way to purchase an I Bond inside a retirement account?

Fascinating WSJ documentary about the supply chain.  More fragile and complicated than most suspect.  Then you add in the effects of a war and a 2 year old pandemic.

https://www.wsj.com/video/series/chain-reaction/why-global-supply-chains-may-never-be-the-same-a-wsj-documentary/4EFE56B6-8A1D-4478-9F88-8F055AFBF675

Shouldn't market sentiment be measured by what people actually do (buy or sell), not how they say they feel?  If so, I'd argue that an overwhelming majority of investors have not sold much of anything since the start of the year; therefore sentiment isn't really negative. Watch what I do, not what I say.  Majority have their money in retirement accounts and if anything, have sat tight since the start of the year, as they've been advised to do for the last 15-20 years.  

If that's the situation, how low can "the market" go if those with  retirement accounts ever panic en masse?

Great call by you.  The thing that's really disconcerting about Cathie Wood and her ARK funds is that she's stubborn to a "T", arrogant and rarely if ever admits to being wrong, That's a bad combination for a major fund manager.  

In a recent interview she got defensive and actually claimed she was running a deep "value" fund: "Give us five years, we're running a deep value portfolio".   I wonder if a similar disclaimer is included in the ARK prospectuses?   Most of her funds are already down 50% from their highs and the bear market is just getting under way.

Matt or Steve, With the market poised to take another significant hit at the open and gold up $50+, can you provide some short term thoughts on how the precious metal miners might play out in the short-term.?  They are quite extended yet continue to rise.  Been in quite a # for quite a while, feeling positive for the long term, but gold and silver miners now appear to be overbought on the daily timeframe.  

Been so long since they've made a sustained run.  Does news of the day (Ukraine) dominate the short term picture which continues straight up?  If so, when would the technicals dictate a pullback?

No mention of Nasdaq futures on CNBC.  Is it crashing?

Cathy Wood calls the market irrational as her flagship fund drops another 4%.  Her sentiment only applies on the way down, of course.

https://www.cnbc.com/2022/01/10/ark-innovation-fund-drops-another-4percent-as-cathie-wood-calls-markets-irrational.html

Matt: In last night's newsletter you mentioned you have a position in the inverse ETF for TLT.  Would that be TTT?

Anyone have any clever "last day of the calendar year" angles to look out for?  

Happy New Year to all!

Sorry, I'm not buying it; we are still in greed mode.  Here's why: 

Actions speak louder than words.  Easy to say one is fearful , but if one sits tight with all their investments are they truly fearful?  Majority of $ invested in the market is through retirement accounts.  Overwhelming majority of individuals with retirement accounts are passive, longterm investors who believe stocks go up forever., and rarely sell.  Those accounts remain fully invested or close to it.  

The current selloff is a reflection of active traders and investors who are fearful, but they make up a small % of all money invested in the market.  So if you were to weight the emotions of all investors and traders (including those with retirement accounts), the result is we are still in greed mode.  When retirement plan investors start to liquidate their mutual funds and ETFs, that's when true fear kicks in.   

Any general rule of thumb or suggestions when placing a stop limit order on how large a spread to use when placing a stop limit buy order (assuming you are buying the breakout)?  For stocks under $10.00/share I generally use $0.05, then bump it up to $0.10 for stocks $10.00-$20.00/share., etc.  Is that too tight a range?

Over-priced is an understatement.  When the music stops.....

That said, given the volatility it's a great short-term trading vehicle right now if you're nimble.  Using 5 minute candles yesterday, I scalped 10 points in a few hours after it broke out of a textbook consolidation at $112.50.  

Why would that "NOT"act as support, Matt?  On the weekly, there appears to be a support zone between $0.46-$0.50 going back two years.

And yet Stockcharts.com and other charting services show the "open" at the "IPO" price of $78.00.  What a joke!

Update: They just changed it to reflect a $106 open.

Agree.  Wondering when their advanced automotive fire prevention system will find real interest.  To me that's a game changer.