These Sectors Leave Markets Highly Vulnerable
The Fed cuts rates by another 25 basis points today as widely expected. The markets mostly did nothing in response. However, Don sees risks in these major sectors for the rest of the week...
Q3 Earnings Growth Is 2.03% With Earnings Season Almost Halfway Done
Small Reversal As Market Gets Ready For Rate Cut The stock market fell slightly on Tuesday which was a reversal from its early morning action. S&P 500 fell 8 basis points. From its morning peak, it fell 0.33% to the close. It was hurt by Alphabet all day which closed down 2.12% after missing EPS…
20 City Index Sees 7 Year Low In Home Price Growth
Redbook Same Store Sales Growth Inches Up In the week of October 26th, the Redbook same store sales growth rate improved from 4.3% to 4.5%. That’s the 2nd straight week where it increased 2 tenths. It’s still not a great reading though as growth was in the 5% to 6% range in August and September. It…
Your Guide to the Volatile Week Ahead
Here it is! A volatile trading week with many news events affecting the broader market and individual stocks. Wednesday gives us 189 stocks reporting earnings along with the Federal Reserve's decision on interest rates, Thursday gives us 166 stocks, and Friday gives us the monthly Jobs Report. How should you be positioning, managing risk, and…
Alphabet & Beyond Meat Sink After Earnings
S&P 500 Finally Hits Record High Monday was an amazing day for stocks. MSCI all country world index was up 0.6%. It’s now up 18.27% year to date. It is only down 2.17% from its record high in January 2018. It’s closing in on that high as investors anticipate a global cyclical recovery. A main…
Chicago Fed National Activity Index Dragged Down By GM Strike
University Of Michigan Consumer Confidence Falls In Final Reading Final October University of Michigan consumer confidence reading fell from the initial reading. But it was still up sequentially. It’s interesting to see such optimism as the weekly Redbook same store sales reports have recently showed a decline in yearly growth. A final determination of how…
Buy the Rumor Sell the FED!
Join Don this afternoon as he describes today’s trading session as a positive drift on extraordinary light volume. Even though there are trade opportunities early in the week due to earnings, Don reminds us that what is really going to be moving markets is the economic calendar and how it unfolds later in the week. …
S&P 500 Just 3 Points From Its Record
Stocks As Close To Record As Possible Somehow stocks rallied, but still didn’t reach their record high. S&P 500 increased 0.41% to 3,022.55. Record is 3,025.86. Any increase on Monday should break the record. It has been painstaking. For much of the past couple months the S&P 500 has been within a couple percentage points…
New Home Sales Remain Near Cycle High
Weak Kansas City Fed Manufacturing Report Kansas City Fed manufacturing report was worse than the previous 3 regional Fed reports as the current and expectations indexes both fell. Unlike the prior 3 reports, this one has quotes which give us context on the numbers. As you can see from the chart below, the index fell…
Prepare For a Transition Back to Volatility
Stocks end the week higher right to edge of the expected move we talked about last Friday. The markets efficiency has been uncanny. This has allowed us to do very well with our earnings butterfly trades. Watch this crucial weekend video newsletter so you can navigate next week's minefield in the markets...
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