Investors Bullish - Another Decline Investors Bullish - The stock market fell for the 2nd straight day on Thursday. S P 500 was down 0.21% and Nasdaq fell 0.16%. On the other hand, Russell 2000 rose 0.4% and VIX fell 2.57% to 14.42. Headlines blamed the decline on Powell’s hawkish stance. If a sello
No Rate Cuts - Earnings Season Is Almost Over No Rate Cuts - Earnings season isn’t completely over and the rate of change of analysts’ estimates always matters. However, now that most firms have reported their Q1 results, investors’ focus will shift to economic reports. To be clear, it’s great that
Hawkish Fed - Stocks Fall As Fed Won’t Cut Rates Stocks now must stand on their own because the Fed won’t support them with rate cuts. This isn’t necessarily a bad thing because earnings season has been solid and the ECRI leading index implies growth will improve later this year. Atlanta Fed’s first
Fed Did Not Change - Doesn't Hike Rates In a surprise to almost nobody, the Fed didn’t hike or cut rates at its meeting on May 1st. However, I don’t see the Fed cutting rates this year and the market does. As a result of the Fed decision and statement, the Fed funds futures market
Apple Revenues Fall - Yet Soars After Hours On Earnings Beat Apple beat estimates on the top and bottom line which means Alphabet is the lone loser out of big internet firms this earnings season. Heading into earnings season, I was very interested to see how their stocks would react to their results
Q1 GDP Growth - Leading Index Improves ECRI leading index at the start of the year implied Q2 and Q3 would be terrible quarters for the economy. Now the index is showing signs of green shoots. As you can see in the chart below, the year over year growth rate improved to 1.4% in the week of
Alphabet Stock - Misses Revenue Estimates Big tech firms had all reported solid earnings up until Alphabet reported on Monday. Netflix, Microsoft, Amazon, and Facebook have all been flying high. Alphabet ruined the streak as the company reported revenues of $36.34 billion which missed estimates for
Regional Fed Manufacturing Indexes - Big Spike In Jobless Claims In the week of April 20th, jobless claims exploded from 193,000 to 230,000. That’s a 37,000 increase. It was way above the consensus for 209,000 and the high end of the estimate range which was 210,000. It pushed the 4 week average fro
Intel - Chipotle - Tesla - Intel Reports Weak 2019 Guidance Intel - Chipotle- Tesla - It’s very interesting to review Intel’s earnings because the SOXX semiconductors ETF is up 33% year to date. Investors clearly think the cycle has bottomed. Intel’s weak quarter could give these bullish speculators
