5 Day Losing Streak for Stocks

5 Day Losing Streak The stock market fell on Friday for the 5th time in a row. Stocks rebounded from the low on the day to only close modestly lower.  Traders acted rationally in that they didn’t sell stocks vehemently on the BLS miss. They realized these reports can be volatile, so stocks didn’t crash. From…

Housing Starts Beat Estimates, But Job Creation Misses By A Mile

Housing Starts Improve in January The January housing report improved partially because the California wildfires didn’t crush starts like they did in December. Most investors knew the weather hurt results. But I we weren't sure by how much because the housing market also was weak in December. This was due to cyclical reasons and starts…

Stocks Fall 4 Straight Days

Stocks Fall - Extend Losing Streak The stock market sold off for the 4th straight time on Thursday. S&P 500 fell 0.81%, Nasdaq fell 1.13%, and Russell 2000 fell 0.86%. Personally, I find the headline that the stock market fell on fears of an economic slowdown humorous.  There were plenty of bad economic reports in January and…

3 Bear Markets Since 2009

3 Bear Markets - An Explosion Bears love to mention how the economy is due for a recession and the stock market is due for a collapse.  That’s a mistake because there have been a few slowdowns and technical bear markets this cycle. Technically, there is no numerical definition of what makes a recession.  Some…

Solid ADP Report Signals Strong BLS Reading Ahead

Solid ADP Report - Small Caps Selloff The stock market continued its selloff on Wednesday. S&P 500 fell 0.65%, Nasdaq fell 0.93%, and Russell 2000 fell a whopping 2.01%.  Finally, the stock market has had a mini-correction as the S&P 500 is down 1.15% from its closing high on Friday.  As you can see from…

Markit Expects 2.6% Q1 GDP Growth

Markit - Weak Construction Spending December construction spending report was weak. But probably not the reason stocks fell.  Stocks entered the week very overbought. No matter if economic reports beat or missed estimates, stocks would be on a path lower. Construction spending report showed monthly growth was -0.6% which missed estimates for 0.3% growth and…

2019 GDP Growth - China Expects Between 6% and 6.5%

2019 GDP Growth - Slight Tuesday Decline Before getting into 2019 GDP Growth, let's review the stock market. The stock market fell again on Tuesday. S&P 500 fell 0.11%, Nasdaq fell 2 basis points, and Russell 2000 fell 0.45%.  Bears are always quick to jump on any move lower after a long winning streak. They tend…

Non-Manufacturing ISM Report was Amazing

Non-Manufacturing ISM Report - Another Weak Redbook Report Investors are starting to get concerned with the sharp decline in Redbook same store sales growth. It fell from 5.2% to 4.2% in the week of March 2nd. That’s the slowest pace in 10 months.  Month to date sales were down 1.6%; that’s the 8th consecutive negative reading. The…

Stocks Recover After Monday Morning Dip

Stocks Recover - After Modest Fall The stock market opened higher before plummeting in the late morning and recovering in the afternoon. From the peak early in the morning to the trough later in the day, the S&P 500 fell 1.72%. It felt like the market would finally roll over.  Traders on Twitter were gearing…

Global Manufacturing Falls To A 32 Month Low

Global Manufacturing Falls - Weak Markit Manufacturing PMI The Markit manufacturing PMI was 53 in February which fell from 54.9 in January. This is the slowest rate of manufacturing growth since August 2017.  Inflation eased, but the rate of output and new order growth slowed. This report supports most other manufacturing metrics which show manufacturing growth…

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