Chinese Newspaper - Another Decline On Wednesday After a Chinese Newspaper issued a warning, stocks took a dive. S P 500 has now had its first 5% decline of the year as it fell 0.69% on Wednesday. It is down 5.5% since April 30th. That pushed the CNN fear and greed index down another 2 points
Housing Price Growth - Home Price Growth Falls: Case Shiller Housing Price Growth has taken a hit. As you can see from the chart below, the home price index’s growth rate has been plummeting in the past 6 months. Even though the last recession ended in 2009, it took a few years for the housing marke
Stock Market Reversal - Big Reversal On Tuesday There was a major Stock Market Reversal on Tuesday. The stock market started the week oversold. This explains why the S P 500 opened the trading session positive on Tuesday. CNN fear and greed index started the day at 27 which is fear. However, the mar
Recession Risks - Slowdown Increases Recession Risk During economic slowdowns there are increased Recession Risks. Because the last recession nearly collapsed the financial system, investors think there needs to be a massive catalyst to end the business cycle. The 2008 recession was a once in a gene
Dow Down - Slight Friday Recovery But Issues Remain In the longest losing streak in 8 years, we saw the Dow Down 5 straight weeks. The stock market had a relief rally on Friday as the S P 500 increased 0.14%. However, it lost a lot of the gains it opened the trading session with. Nasdaq
New Home Sales Report - Strong New Home Sales There was an interesting revision in the New Home Sales Report. Technically, the April new home sales reading missed estimates slightly. But this was still a great report. Positive revisions in the previous months far outweigh the slight consensus miss.
Weak Economic Reports - Another Down Day There are several Weak Economic Reports that almost seem to be leading towards a correction. Thursday was another down day. S P 500 fell 1.19%, Nasdaq fell 1.58%, and Russell 2000 fell 1.97%. The market is now at the low end of its recent range. There still h
Economic Slowdown - Jobless Claims Stay Low Before getting into the seemingly imminent Economic Slowdown, let's discuss the jobless claims. In the week of May 18th, jobless claims fell 1,000 to 211,000. As you can see from the chart below, the past couple jobless claims reports have settled in betwe
Tesla Stock Craters - Stocks Fall Again Tesla Stock Craters and S P 500 fell 0.28% on Wednesday. This supports my thesis that the market won’t hit a new record high until economic data improves or the odds of a trade deal improve. A more specific way of saying this is I don’t expect stocks to
