November 7, 2024 | Our Trade Desk

Sell AFRM $48.23 – 11/7/2024

I am selling the stock Affirm (AFRM). I had concerns going into the earnings report when volume spiked negatively, with the stock trading at over twice its average daily volume and declining ahead of earnings.

SELL OPEN $ 1.89 – 11/07/24

This is a cautious sell recommendation. I’m concerned about the recent rise in long-term rates, particularly in the 10-year Treasury note, which directly affects 30-year mortgage rates.

Finally the Election is Behind Us! Now What?

Yesterday's rally was part of a relief rally, driven by easing uncertainty, and part Trump rally. Call it what you will, but it was a thunderous move across all exchanges.