7 Year Low In Home Price Growth
Stability Ends For Stocks As Politics Causes Modest Volatility On Tuesday, the S&P 500 fell the most in 1 month. Mostly because House Speaker Nancy Pelosi announced an impeachment inquiry. It caused stocks to fall probably because of the uncertainty of the situation. Democrats control the House and the GOP controls the Senate. Which makes…
Tariff Worries Cause Consumers To Become Less Optimistic
Conference Board Confidence Wanes University of Michigan consumer confidence index and the Conference Board index showed vast differences in August. Especially since the former was much more pessimistic than the latter. These two have converged in September as the preliminary University of Michigan index improved slightly. And the Conference Board index cratered sharply. August Conference…
Amazon and Tech Stocks at the Edge of a Cliff
We're closely watching Amazon AMZN shares at a critical daily chart level for clues about the next swing in the market. If buyers fail to hold this key spot, it likely signals additional selling ahead for stocks and tech stocks. Join Corey for tonight's video to learn what this level is and what trades might…
SPX Hovers Near 3,000 For 12 Days
Markets Take A Breather Unusual action in markets is that nothing is happening. S&P 500 - SPX has closed within 2% of 3,000 for 12 straight sessions. It makes sense for markets to pause because they are heading into a news laden month. In October, there is another Fed meeting, Q3 earnings season, the trade…
Employment Reading - Weakest In Almost 10 Years
Positive National Chicago Fed Reading Bears love to pick out the negative readings in the national Chicago Fed index and use them as evidence for a recession forecast. Anyone who has followed this report for a few months knows thatās not the correct way to look at it. Firstly, negative readings are common. Secondly, even…
Is Big Tech Signaling a Sell-Off?
Stocks end the day flat as investors look towards US/China trade talks. In the mean time look at this opportunity in big tech stocks...
Fall Trade Deal - What Are The Odds?
Trade News Sends Stocks Lower S&P 500 was up slightly Friday morning as it was very close to its record high. Then negative trade news came out which sent stocks down modestly. S&P 500 closed the day down 0.49%. I think these trade dealings work in trends. When you start to hear grumblings of negotiations…
Strong Housing Report - Another One Driven by Lower Rates
Slight Decline In Philly Fed Index Philly Fed manufacturing index fell slightly just like the Empire Fed index. It went from 16.8 to 12 which beat estimates by 1 point. As you can see from the chart below, the Philly Fed index and the average of the 5 key indexes are way above the ISM…
Is the Fed bringing back Quantitative Easing?
The Repo Market, a market seldom discussed under any circumstances, set the stage for this weeks FED meeting and all things to come. Don will explain what the Repo market seizure means moving forward and why the future of the FED is now an utter free for all. Furthermore, risk markers continue to hold at…
U.S. Economy Surprising To The Upside?
Stocks Mostly Flat On Thursday S&P 500 opened up, increased in the morning, and fell throughout the afternoon on Thursday. It closed the day almost exactly where it started. We need to wait another day for the S&P 500 to hit a new record high. It will likely happen soon. Stocks havenāt reacted much to…
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