German 10 Year Yield Falls Negative & Utilities Soar

German 10 Year Yield - Stocks Crater In A Much Needed Selloff German 10 Year Yield - Two of the most prominent reasons given as to why stocks sold off on Friday were the very weak German Markit manufacturing PMI and the flattening yield curve. They support the narrative that global growth is slowing. The German manufacturing…

Housing Market Index Solid & Strong Existing Home Sales

Housing Market Index Housing market should be improving. Specifically due to the decline in rates, increase in real wage growth, and the decline in housing price growth. However, even with these positives, we’ve only seen a modest uptick on top of weak sales last year.  Most of the sales growth has been limited to the…

Stocks - S&P 500 Needs To Increase 2.66% To Hit A New Record

Stocks Make A New 2019 High Stocks - After selling off because of trade worries and the Fed on Wednesday, stocks ramped higher on Thursday. S&P 500 increased 1.09%, Nasdaq increased 1.42%, and Russell 2000 increased 1.25%. Apple helped drive the gains as its stock increased 3.68% on excitement over its streaming and news services…

Scooters Rule Transportation In Cities

Scooters - Revolution Scooters - The revolution of electric scooter and bike apps is much more powerful than ridesharing. That’s because ridesharing is more expensive than scooters because you must pay the driver. Plus, the depreciation and maintenance of cars is much more than it is for scooters. Many people have over-exaggerated how quickly self-driving…

Treasuries Rally & Yield Curve Flattens

Treasuries Rally - Reaction To Fed Statement Treasuries Rally - The bond market’s reaction to the Fed’s decision and guidance was pretty sharp. Especially when you consider that none of its decisions were surprising. In theory, when an event meets estimates the market shouldn’t react. However, that’s not always the case. Sometimes what you think…

Lowering Guidance To 0 Hikes In 2019 - Fed Matches Expectations

Lowering Guidance - Fed Does Exactly What’s Expected Fed did exactly what I expected. It didn’t raise rates, lowered guidance to no hikes this year, and gave clarification on the balance sheet unwind. Fed plans to shrink the unwind from $30 billion per month to $15 billion from May to September. Then end the unwind…

FedEx Causes Investors To Worry About The Global Economy

Volatile Action On Tuesday Before we get into Fedex, let's review the markets. S&P 500 fell just one basis point on Tuesday, but there were wild swings during the trading session as investors prepared their portfolios for the Fed meeting on Wednesday. From the peak at 12:15pm to the trough at 3:45pm, stocks fell 0.92%.…

India To Emerge As Global Growth Leader

India - Leaders Of The Economy The table below shows Oxford Economics’ estimates of the 10 year annual growth rates of the top 10 emerging market economies. India is projected to surpass China’s population in 2024. It will be the driver of global economic growth that China was in the past 10 years. Emerging markets…

Record Closing High - S&P 500 Just 3.34% From It

Record Closing High - Stocks Close In On Record S&P 500 increased 0.37% on Monday which means it is just 3.34% off its record high. The S&P 500 is up 1.74% in March and 13.01% year to date. It is on pace to have its best first quarter since 1998.  Also, it is almost up…

Consumer Sentiment Gives Off Potential Recessionary Signal

Consumer Sentiment - Number Of IPOs Has Cratered Consumer Sentiment - The number of IPOs has fallen sharply since the mid to late 1990s when internet firms were going public quickly. Public investors had access to a plethora of start ups which weren’t profitable. These were the Venture Capital opportunities of today.  While the 1990s…

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