New Business Falls For The First Time In 10 Years
Weak October Motor Vehicle Sales October motor vehicles report was disappointing. Motor vehicle sales have plateaued in the past few years as you can see from the chart below. This October weakness isn’t the sign of a new downtrend. But it does mean retail sales growth will be hurt by the motor vehicles and parts…
Hidden Opportunities in a Lesser-Known Sector
Which sector is showing persistent strength but most traders aren't watching? In tonight's video, Corey highlights numerous stocks in a key sector that are breaking out and showing persistent strength, and odds are most traders are missing it right now. Hint - it's not Financials and Technology!
Market Hits Extreme Greed (Dow, Nasdaq, & S&P 500 All At Record Highs)
Stocks Extremely Overbought The stock market again rallied significantly on Monday. Any increase is significant with the market at a record high and the S&P 500 up over 20% year to date (it’s up 22.79%). This has been a very strong run in the past few weeks. Since October 8th, the S&P 500 is up…
Highest Labor Force Participation Rate Since August 2013
Very Strong Jobs Report Because Of Positive Revisions Let’s look at it the October labor report. This employment report was very strong. It explains why stocks rallied sharply on Friday. And it fully explains why the CNN fear and greed index hit 80 on Friday. There were fears that this jobs report would end the…
Contrarian Traders Take Note!
On the surface the S&P has hit all time highs today. However, Don points out the major sector rotation in key sectors below the surface. Many interest rate sensitive sectors saw a sell off today including all of the sectors Don maintains short positions in. What's next for contrarian traders?
MSCI ACWI 1 Point Away From Record As S&P 500 & Nasdaq Hit Record Highs
Hugely Positive Day For Stocks Friday’s action really stuck it to the bears and made them feel terrible. S&P 500 hit a new record high as it increased 0.97%. Stocks have had an amazing year and even the returns since the peak in January 2018 aren’t looking bad. S&P 500 up 6.75% from that peak.…
Manufacturing PMIs Improve In October
Job Cuts Increase (YTD Total Highest Since 2015) Job cut reports have been quite sold in recent months versus the start of the year. October reading wasn’t great, but also wasn’t as bad as earlier in the year. This report was basically more of the same. Job cuts are modestly elevated, but not worrisome. In…
Market at Highs - Hedge, Hold, or Fold?
Stocks end the week exploding higher to new all time highs. Don explores now what? Should you hedge your longs, hold on for the ride or take profits? Don examines the current risks in the market and how you should assess your risks in the weeks and months ahead...
Starbucks, Facebook, And Apple All Rally On Earnings
Stocks Decline Slightly On Thursday Stocks probably fell on Thursday because they were overbought. S&P 500 to fall 0.3%. Besides being overbought, the negative headline that hurt stocks was the Bloomberg report. It stated that China is doubtful there will be a long term trade deal. President Trump tried to calm the situation by tweeting,…
Low Inflation Supports Recent Rate Cuts
Very Weak Chicago PMI Bears are having a field day with the Chicago PMI report because the PMI fell from 47.1 to 43.2. That missed estimates for 48.3 and the low end of the consensus range which is 47.6. A big negative stat being put out is that 8 of 9 times the PMI was…
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