Consumers Arenât That Worried About The Coronavirus
Consumers Are Still Doing Fine Little evidence exists that the coronavirus is significantly hurting the consumer. There have likely been changes to consumer behavior. Reports are coming in of consumers stocking up on necessities. That could be good for firms like Costco. As a side note, going to a crowded supermarket might not be ideal…
Coronavirus Takes The Market On A Wild Ride
Another Wild Ride Friday was the grand finale of the week and it didnât disappoint. It was arguably the wildest ride of this correction. There were moments where it looked like stocks bottomed and moments where it looked like we were headed for new lows. It was one of the craziest days we've seen in…
Stocks Realize Painful Reality: 2020 Wonât Have EPS Growth
Stocks Arenât That Cheap Currently, the stock marketâs sharp decline is drawing everyone in. Itâs addicting to watch such a vicious decline. Since this was the fastest 10% decline from a peak, we are watching market history. Because stocks have fallen so fast, the natural first inclination is to buy the dip. This isnât necessarily…
Thursday Panic Breeds Great Opportunity For The Patient
Correction Becomes True Panic There are quite a few amazing stats on this recent selloff. However, recognize that by the time the impact of the coronavirus is shown in economic data, stocks will likely be done selling off. Traders are always on the leading edge of the facts even though it seems like emotional panic…
Economy âWasâ In Fine Shape
Economy Is Doing Well? Bloomberg economic surprise index hit its highest level in 2 years. Thatâs based on January data which tells us the economy likely would have had a nice rebound in the 1st half of 2020 if it wasnât for the coronavirus. Even if the coronavirus has a big impact on global growth in…
Coronavirus Fear Provides Buying Opportunity
Selloff Continues, But Velocity Slows The stock market continued its losing streak on Wednesday as it has been down 5 straight days. Traders are loving this. If you have a time horizon of more than a few weeks, this is a great buying opportunity. S&P 500âs valuation is coming more in line with reality. Thereâs…
Housing Market Hits A New Cycle High
Housing Price Growth Improves The housing market has recovered in the past few months. In line with this, weâve seen an uptick in price growth. That makes sense because demand is high and rates are coming down. If rates were to spike, weâd see a decline in price growth. But obviously the reverse is occurring…
Stock Market Crash Continues
Fear Is Here: Itâs Time To Start Buying S&P 500 fell 3.03% on Tuesday as fear over the coronavirus spreading globally gripped Wall Street. There is also some fear Bernie will be president. This decline is also about the stock market being overvalued. That situation has gotten better as prices have come down. The market…
Economy In Solid Shape To Handle A Coronavirus Shock
Uptick In Economic Growth In January Because of the crash in stocks, people probably arenât that interested in economic data from before the coronavirus fears were gripping the world. However, itâs important to note how the economy was doing before the negative impact because it tells you how ready it was to deal with a…
Worst Stock Market Decline In 2 Years
Big Decline On Monday S&P 500 had its biggest 1 day decline in 2 years as it fell 3.35%. This decline was so severe, it wiped out the entire yearâs gains as the market is now down 15 basis points in 2020. This was the kind of volatility investors have been searching for all year.…
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