The S&P 500 Is Just 2% From Its Record

Stocks Inch Closer To A New Record The S&P 500 was up 0.22% to 2,815.62 on Wednesday. Each point the S&P 500 increases is technically important because it is so close to a new record high. Just because I think it will breakout because earnings growth is strong and other indexes such as the Russell…

Morgan Stanley Bolsters The Financials

Legal Costs & Trading Dog Goldman Sachs I like to review the notable earnings reports to get a closer look at the overall numbers. Earnings season looks great. Specific data from a few companies helps us understand the direction of corporate earnings. The two earnings reports I’ll discuss here are Goldman Sachs, which reported Tuesday,…

12 Times More Firms Complain About Currencies Than Tariffs

Stocks Get Closer To The January Record The S&P 500 increased 0.4% on Tuesday, which means it only needs to rally 2.2% to hit the record high set in January. The S&P 500 is in great shape technically to finally break the record high because it is within striking distance, but it isn’t overbought. The…

Earnings Season Is Going Well

Big Tech Earnings Are Upcoming The next most important round of earnings results I will be following is from the major internet names which are Amazon, Apple, Alphabet, Microsoft, and Facebook. Microsoft reports on Thursday, Apple reports on July 31st, and the others report next week. They will impact the Nasdaq more than Netflix did…

Bank Of America Rallies & Netflix Crashes

Earnings & Oil Moving Markets The stock market was placid on Monday, but there was a lot going on under the surface because of two big earnings reports from Bank of America and Netflix, and the crash in oil prices. The S&P 500 was down 0.1% and the Russell 2000 was down 0.51%. The Dow…

Yield Curve Buzz Grows As 2018 Inversion Looks Probable

Yield Curve Has A Decent International Track Record Investors buying stocks today are looking at 2019 earnings estimates to gauge their expected returns as they want to be on the bleeding edge of data to make the best decisions. However, given the anticipated recession in 2020, that the yield curve might be forecasting when it…

Banks Fall As Investors Fear A Flattening Curve

Stocks Rally Modestly The stock market rallied slightly on Friday as the S&P 500 was up 0.11% inching closer to the record high set in January. The Dow outperformed the Russell 2000 as the trade war fears faded. The Dow was up 0.38% and the Russell 2000 was down 0.19%. The Dow was helped by…

2 Year/10 Year Treasury Curve Flattens To Just 26 Basis Points

Stocks Rebound On Thursday It seems like economic fundamentals and earnings are in a heavy weight battle with the trade skirmishes to determine the direction of the stock market. It rallies when the skirmishes aren’t in the news and declines when new announcements are made. That’s the best explanation I can give for why stocks…

CPI In-Line With Expectations: Great News For The Bulls

Inflation Increases Because Of Easy Comparisons After the PPI-FD report beat estimates, some bulls were worried that the June CPI report would also beat estimates. The fact that it was mostly in line with estimates is a big win for the bulls because it means the Fed won’t raise rates a 5th time this year.…

10% Tariffs Push Stocks Lower

Tariffs Push Stocks Lower The stock market sold off sharply on Wednesday because of President Trump’s proposal of a 10% tariff on $200 billion worth of Chinese exports. It’s important to recognize that this equates to a $20 billion tariff, not $200 billion. Sometimes articles falsely claim the tariff is the amount of goods being…

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