Derek and Jay debate whether inflation still matters to the market. Plus, even though stocks like META are up huge off the bottom, they still are down from their prior highs.
ZEGA’s June 2023 Performance Numbers Release
Derek and Jay comment on Bloomberg’s article showing the Nasdaq 100 Index just had its best 1st half since the early nineties. Is the market overbought or rightly valued and trending?
Derek and Jay talk about CNN’s Fear and Greed Index and whether it’s a good indicator for markets. Then they explore differences in Put Call Ratios and how they may not measure what people think.
HiPOS Conservative Successfully Expires - With markets staying nicely well above the short 3350 put strike in our spread, today marks another successful realization of a full profit.
Jay and Derek discuss Jay Powell’s tough talking but no action Fed. Plus, is this a repeat of the 1994-1995 forward PE expansion bull market? Also, they go back to the 200-2002 bear market where the Nasdaq 100 had 7 different 20% bear market rallies and the S&P 500 had its own share. Is this different?