Nicholas Colas

Social media app TikTok has been one of the biggest winners of the shelter-in-place environment in 2019. However, a recent push to ban TikTok in the United States due to security concerns may be great news for social media competitors Facebook, Inc. (NASDAQ: FB) and Alphabet, Inc (NASDAQ: GOOG) (...

Throughout the year, DataTrek Research co-founder Nicholas Colas has been tracking the 2020 S&P 500 trading action and comparing it to the stages of the 2008 sell-off and the 2009 market recovery from the financial crisis. Much of the 2020 bounce off the March lows was in-line with how the...

If you’re having a difficult time figuring out where the SPDR S&P 500 ETF Trust (NYSE: SPY) is headed next in 2020, you’re not alone. Results of a new survey by DataTrek Research suggest investors are as divided as ever about what to expect from the stock market in the second half...

The SPDR S&P 500 ETF Trust (NYSE: SPY) fell last week in the face of growing investor concern about the potential economic fallout from a resurgence in COVID-19 infections.  On Thursday, the Labor Department reported that another 1.48 million Americans filed for unemployment, exceeding...

The historic stock market rally off the 2020 March lows continued on Tuesday, with the SPDR S&P 500 ETF Trust (NYSE: SPY) trading higher by 2.3%. It may seem like the recent market trading action is unprecedented, but DataTrek Research co-founder Nicholas Colas said it's actually...

The S&P 500 dropped 5.9% on Thursday, its worst day of trading since March. The index ticked higher on Friday morning, but DataTrek Research co-founder Nicholas Colas said investors would be wise not to ignore Thursday’s big move. Why It’s Important: From a historical...

A blowout May jobs report has the S&P 500 once again knocking on the door of 3,200 on Friday. In mid-April, DataTrek Research co-founder Nicholas Colas laid out a path to get back to S&P 3,200. On Thursday, Colas updated his outlook and explained why the new target for investors to watch is...

The Grayscale Bitcoin Trust (OTC: GBTC) was down more than 10% after bitcoin underwent a landmark event known as a “halving.” At 3:23 p.m. Eastern on Monday, bitcoin cut in half the amount of bitcoins that are rewarded to cryptocurrency miners. These halving events are scheduled to...

This year has been a strange year in Wall Street no matter how you look at it. But at least one strange dynamic between the prices of gold and silver actually has a somewhat simple explanation. The SPDR S&P 500 ETF Trust (NYSE: SPY) is down 10.8% year-to-date in 2020. So far this year, the SPDR...

Short-term trading in the stock market has always been somewhat of a gamble. However, the coronavirus (COVID-19) economics shutdown may have transformed the stock market into a literal casino for gamblers. DataTrek Research co-founder Nicholas Colas said this week there has been a flood of...

The Federal Open Market Committee (FOMC) will be conducting its April meeting this week as the U.S. COVID-19 economic shutdown drags on. With interest rates already essentially at zero and 11 different emergency lending programs already in place, some traders are growing concerned the Fed may...

Social media has been one of only a handful of sectors that is benefiting from the stay-at-home environment. Social distancing has forced social interactions online for the time being, but investors looking to capitalize on the surge in social media usage be surprised at the big winner. On...

June contract WTI crude oil prices plunged another 24% on Tuesday to $15.32 after May contracts dropped below $0 for the first time in history on Monday. U.S. crude oil storage capacity is maxed out as COVID-19 stay-at-home orders and travel restrictions have pushed oil demand to near zero. The...

At this point, it looks certain the coronavirus (COVID-19) outbreak could trigger the first U.S. recession since 2008. However, the stock market is now reacting very differently today than it did in 2008. On Sept. 29, 2008, the S&P 500 dropped 8.8%, its first drop of more than 5% in a single...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 2% on Thursday morning, and the S&P 500 hasn’t made new 2020 lows since March 23. However, DataTrek Research co-founder Nicholas Colas has been following a trading playbook based on market action in late 2008, and Colas said...