G-20 Meeting - Will Presidents Trump & Xi Face Off? 

G-20 Meeting - Very Strong November Empire Fed Report Before going into the G-20 Meeting, let's go over some stats from the November Empire Fed Report. Not every manufacturing survey from the Fed was weak in November. The first example of this is the Empire Fed report. It came in at 23.2, which beat estimates…

Global Yield Curve Inversion Spells Doom For The Economy

Global Yield Curve - Stocks Continue To Rebound On Friday Stocks rallied slightly on Friday. S&P 500 and the Russell 2000 both increased 0.22%. This latest weakness in FAANG and Nvidia crashing 18.8% was from weak guidance. The 0.15% decline in the Nasdaq was impressive. CNN Fear and Greed index was steady at 10 which…

KB Home Lowers Guidance Due To Weakness In The Housing Market

KB Home - Market's Big Reversal The reversal in stocks on Thursday is the gut-wrenching action that normally occurs in bear markets and corrections. Just when you’ve given up on stocks, they come roaring back. S&P 500 was down 0.71% in the morning and closed up 1.06%. Nasdaq rallied 1.72% and the Russell 2000 was…

October Core CPI Decelerated, But Fed Touches The Breaks Anyway

October Core CPI - Neutral Rate Holds The Policy Key Core inflation is starting to decelerate like many expected. Some economists are even projecting the cycle peak in inflation has occurred. Inflation will likely fall in the next few months along with oil. If you think the cycle peak in inflation has occurred, then it…

Powell Happy With The Economy While Investors Flee U.S. Stocks

Powell - Another Down Day For Stocks The 12 day losing streak in oil ended. But stocks continued to fall even though they are oversold. Personally, I’m done trying to go bullish in the short term. Fundamentals of earnings and the economy have eroded. S&P 500 fell 0.75%, Nasdaq fell 0.9%, and Russell 2000 decreased…

Mortgage Applications The Lowest Since February 2017

Mortgage Applications - More Weakness In MBA Applications The housing market weakened this summer. Home price growth is going to fall in the next few months. Affordability is a problem in many cities. The latest housing data comes from the MBA mortgage applications index. This composite index was down 3.2% week over year in the…

WTI Oil Falls 7.1%: Record Long 12 Day Losing Streak

WTI Oil - Stocks Fall Again On Tuesday Corrections continued on Tuesday. Positive comments on trade from Larry Kudlow and the fact that stocks are oversold didn’t prevent losses. The oil market extended its record losing streak to 12 days with a bang. Catalysts of all this weakness continue to be questions about global growth.…

Housing Continues To Weaken

Weakness In The Housing Market There haven’t been any new data points on housing in the past few days. No economic reports came out on Veteran’s day. The next big reports will be the housing price index on November 19th and the starts report on November 20th. Even though there isn’t new data, I have…

Apple & Goldman Sachs Lead Stocks Lower

Apple & Goldman Sachs - Stocks Crater On Veteran’s Day The market was open on Veteran’s day. But the bulls wish it wasn’t as the S&P 500 fell 1.97%. Nasdaq fell 2.78%, and the Russell 2000 fell 1.98%. I was wrong to suggest stocks were a buy on Friday as the CNN Fear and Greed…

Global Growth Falters: Italy Faces A Recession

Global Growth Falters - Classic Late Cycle Economy The latest catalyst for stock market weakness is global growth. Global growth weakness matters a lot more when the American economy is also weakening. Fiscal stimulus delayed this weakness from impacting America for the first 3 quarters. But unfortunately global growth has fallen further. And, the fiscal…

Page 4 of 120