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…
Apple To Launch News & Streaming Service March 25th
Apple - S&P 500 Breaks Out Of Range Before getting into Apple, let's review the market. S&P 500 increased 14 points to 2,822.48 on Friday. That is higher than the previous 4 attempts at hitting the September record high. The market has broken through that resistance and is now focused on the record high. S&P…
Leading Index Perks Up Signaling Slowdown End Is Near
Leading Index - Weekly Index’ Growth Rate Improves Substantially Before I review the latest economic reports, let’s look at the big jump in the ECRI leading index’s growth rate. It is one of the most important factors in my analysis of the economy. As you can see from the chart below, the yearly growth rate…
Global Semiconductor Sales Signal A Recession In 6 Months
Global Semiconductor Sales - Slight Decline Ends 3 Day Winning Streak The stock market fell slightly, ending its 3 day winning streak. S&P 500 fell 9 basis points, Nasdaq fell 0.16%, and Russell 2000 fell 0.4%. This slight decline maintains the narrative that the S&P 500 can’t get above this ceiling which is a little bit…
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