Momentum Stocks Look Weak; Nvidia & Tesla Crater

Momentum - Stocks End The Week On A Positive Note Momentum - This week continued the streak of avoiding a 1% daily move in the S&P 500. However, it was a relatively topsy turvy week for stocks as there were two pullbacks. The week ended up nicely since stocks were up on Friday. The S&P…

Wal-Mart Powers Equities Higher On Thursday

Wal-Mart Spikes On Great Earnings Wal-Mart is no longer a growth stock which can keep up with the returns from the FAANG names. However, it is always worth reviewing its earnings report. It's a great barometer for the health of the consumer since it is the biggest retailer in America. The great report confirms the…

Retail Sales Report- Great July

Retail Sales - Very Strong July Retail sales - the reports have mostly been good. I reviewed the strong Empire Fed reading in a previous article. Now let’s look at the great July retail sales report. The bad news is the June reading was revised lower and the good news is the July reading beat…

Emerging Markets Crater 2.93%

Emerging Markets - Stocks Fall Back On Wednesday Emerging markets - Wednesday reversed the gains from Tuesday as the S&P 500 was down 0.76%, the Nasdaq was down 1.23%, and the Russell 2000 was down 1.29%. The VIX was up 9.99% to 14.64. The good news is the CNN Fear and Greed index fell to…

Tail Risks Reviews: China Is Number 1

Tail Risks: Trade War Tail risks for August - the monthly Merrill Lynch fund manager survey is out. As you can see from the chart below, the August risks have changed from July. The risk of a trade war is about the same. This makes sense because there hasn’t been a resolution nor an escalation…

Dollar Rallies to Its Highest Point Since June 2017

Dollar Rallies - Stocks Rebound On Tuesday Dollar is set against the world stage. The word contagion was used constantly in the media on Monday. Anything is possible, but it was always extremely unlikely that a Turkish collapse would hurt the stability of the EU. And certainly not the stability of the dollar. It looks…

Q3 Earnings Growth Is Expected To Be 22.61%

Q3 Earnings and market correction may not necessarily go hand in hand. Q3 Earnings - Those claiming a 40% or great correction is coming are suffering from recency bias. The market is healthy despite the worries about this being the longest bull market in American history. The failed analogy to gravity in that ‘what goes…

Turkish Crisis Used As An Excuse For Pullback

Turkish Crisis - Stocks Selloff On Monday Although I mentioned in a previous article emerging market weakness could be a catalyst which helps cause the American economy to decelerate in 2019, I think the Turkish crisis is being used as an excuse for an overbought market to selloff. The S&P 500 declined 0.4% and the…

Turkey Signaling An Emerging Market Slowdown?

Turkey Signals Weakness In Emerging Markets Turkey and the markets are revisiting 2014 since global synchronized economic growth has peaked and emerging markets are weakening. The stress in Turkey is only one example of the weakness. If Turkey was the only catalyst of strife in emerging economies’ currency and equity markets, you would easily be…

Turkish Crisis Causes Modest Decline in U.S. Stocks

Turkish Crisis - Stocks Fall As Expected Turkish Crises, among other reasons led to the stock market falling as expected. Personally, I had been bearish on stocks in the near term because they were overbought according to the CNN Fear and Greed index. The S&P 500 fell 0.71% and the Nasdaq fell 0.67%. The VIX…