A Few Individual Stock Trades Stand Out

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As mentioned in this morning’s original Opening Print, bonds have really caught my eye here.

I am curious though about if and when it will matter that the US dollar (DXY) and 10-year yields (TNX) continue to push higher. Both are at multi-month highs, yet the S&P continues to plow higher.

Even more interestingly, there seems to be a rotation out of typical safety stocks (MCD, WMT, etc.) and into growth stocks. That can be seen by yesterday’s action in ARKK, where it rallied almost 5% on its highest volume since March 31st.

Love ARKK or hate it, it’s a good proxy for growth stocks and yesterday’s daily chart gave bulls a darn good close. But it’s flying in the face of conflicting signals.

With that in mind, let’s look at the individual stock trades previously mentioned. In addition to the bonds, I’m looking at two possible longs and a short — (plus a look at KRE).

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