Apple - S P 500 Breaks Out Of Range Before getting into Apple, let's review the market. S P 500 increased 14 points to 2,822.48 on Friday. That is higher than the previous 4 attempts at hitting the September record high. The market has broken through that resistance and is now focused on the record
Leading Index - Weekly Index’ Growth Rate Improves Substantially Before I review the latest economic reports, let’s look at the big jump in the ECRI leading index’s growth rate. It is one of the most important factors in my analysis of the economy. As you can see from the chart below, the yearly gro
Global Semiconductor Sales - Slight Decline Ends 3 Day Winning Streak The stock market fell slightly, ending its 3 day winning streak. S P 500 fell 9 basis points, Nasdaq fell 0.16%, and Russell 2000 fell 0.4%. This slight decline maintains the narrative that the S P 500 can’t get above this ceiling
Inflation Estimates Fall Inflation estimates for 2019 were much higher 6 months ago than they are now. Economists see the writing on the wall. Inflation won’t be a problem in 2019, and the Fed definitely won’t raise rates. Economists didn’t see the slowdown coming and they thought rising nominal wag
S P500 Range - Back Again So Soon? S P 500 was up 0.69% on Wednesday as it now is on a 3 day winning streak after coming off a 5 day losing streak. In those 3 days, the S P 500 has gotten back all the losses from last week and more. The S P 500 is now at
Utilities - Economic Review Economic growth should be strong in 2019 based on the strength of the consumer as real wage growth is at a cyclical high. GDP growth might not be great in Q1. Even though wage growth has been strong, there was a scare from the government shutdown which curtailed spending.
Small Business Optimism - Another Rally Tuesday The stock market has almost recovered all the losses from the minor correction last week. On Tuesday, S P 500 increased 0.3%, Nasdaq increased 0.44%, and Russell 2000 was up 6 basis points. Just like what happened 3 times last fall, the S P 500 has had
Core CPI Inflation - Redbook Same Store Sales Improve Slightly Core CPI Inflation - Redbook same store sales growth was much quicker than retail sales growth in December and January. Investors are interested in seeing if this relationship continues. This would imply retail sales growth being weaker
Retail Sales Improve - Stocks Rebound On Monday It’s not a surprise stocks rebounded sharply on Monday because they had fallen 5 days in a row. Stocks are constantly reacting to previous overreactions. Dow even rallied 0.79% despite Boeing’s 5.33% decline. This occurred because its 737 MAX 8 plane c
