Aggregate Income Growth Falls Just because the February labor report could be a blip doesn’t mean we shouldn’t review it. To be fair, the January labor report was also a blip since it’s highly unlikely job creation averages above 250,000 in 2019 let alone the 311,000 jobs created in January. The Feb
5 Day Losing Streak The stock market fell on Friday for the 5th time in a row. Stocks rebounded from the low on the day to only close modestly lower. Traders acted rationally in that they didn’t sell stocks vehemently on the BLS miss. They realized these reports can be volatile, so stocks didn’t cra
Housing Starts Improve in January The January housing report improved partially because the California wildfires didn’t crush starts like they did in December. Most investors knew the weather hurt results. But I we weren't sure by how much because the housing market also was weak in December. This w
Stocks Fall - Extend Losing Streak The stock market sold off for the 4th straight time on Thursday. S P 500 fell 0.81%, Nasdaq fell 1.13%, and Russell 2000 fell 0.86%. Personally, I find the headline that the stock market fell on fears of an economic slowdown humorous. There were plenty of bad econo
3 Bear Markets - An Explosion Bears love to mention how the economy is due for a recession and the stock market is due for a collapse. That’s a mistake because there have been a few slowdowns and technical bear markets this cycle. Technically, there is no numerical definition of what makes a recessi
Solid ADP Report - Small Caps Selloff The stock market continued its selloff on Wednesday. S P 500 fell 0.65%, Nasdaq fell 0.93%, and Russell 2000 fell a whopping 2.01%. Finally, the stock market has had a mini-correction as the S P 500 is down 1.15% from its closing high on Friday. As you can see f
Markit - Weak Construction Spending December construction spending report was weak. But probably not the reason stocks fell. Stocks entered the week very overbought. No matter if economic reports beat or missed estimates, stocks would be on a path lower. Construction spending report showed monthly g
2019 GDP Growth - Slight Tuesday Decline Before getting into 2019 GDP Growth, let's review the stock market. The stock market fell again on Tuesday. S P 500 fell 0.11%, Nasdaq fell 2 basis points, and Russell 2000 fell 0.45%. Bears are always quick to jump on any move lower after a long winning stre
Non-Manufacturing ISM Report - Another Weak Redbook Report Investors are starting to get concerned with the sharp decline in Redbook same store sales growth. It fell from 5.2% to 4.2% in the week of March 2nd. That’s the slowest pace in 10 months. Month to date sales were down 1.6%; that’s the 8th c
