Wage Growth Accelerates Wage growth is important because at this point in the cycle with the labor market tightening and inflation modest, workers have a chance to get real pay increases. Also, last year we saw the Fed raising rates partially in reaction to wage growth even though it hasn’t translat
Alphabet Stock - Another Big Rally: Stocks Are Overbought 2019 has been a dream year for stock investors after 2018 was a nightmare for diversified investors. While 2018 wasn’t a disaster for stocks, very few asset classes increased in value. Amazingly, the S P 500 is now up 8.7% year to date. Many
January 2019 Jobs Report Once again, the jobs report beat estimates by about double. The January report showed there were 304,000 jobs created. This beat estimates for 158,000. The BLS report beat the ADP report’s estimate for private sector job creation. ADP showed 213,000 and the BLS report showed
Amazon Beats Estimates: Stock Falls Amazon was expected to disappoint investors because of weakness from the cloud. The firm disappointed investors because of the expected increase in investments and decelerating revenue growth. And also weak guidance, but not because of the cloud. Specifically, Q4
S P 500 - Another Nice Rally: This Time Led By Facebook After the worst December since the Great Depression, the S P 500 had its best January since 1987. Don’t let the year 1987 scare you. While I’m bearish on stocks, we aren’t doomed to repeat the crash of October 1987. The S P 500 was up 0.86%
Boeing Microsoft - Big Shift In Rate Hike Expectations Fed has moved with the whims of the stock market for the first time since Powell became chairperson. The Fed became dovish in late December. That helped spark the rally since then. Fed’s statement reflected this new guidance. If the Fed would ha
Dovish Fed - Big Rally Wednesday As Stocks End 7 Day FOMC Losing Streak The stock market rallied sharply on Wednesday. S P 500 increased 1.55%, the Nasdaq rallied 2.2%, and the Russell 2000 increased 1.05%. Equities loved the great earnings report from Boeing, the weak earnings report from Apple, an
Home Price Growth - Housing To Hurt Q4 GDP Growth It’s pretty obvious at this point that the housing market was terrible in November and December. Prices were unaffordable especially in some cities in the West. The stock market was volatile, and the decline in interest rates didn’t start helping the
Apple - Stocks Fall Slightly As Most Important Week Continues S P 500 fell 0.15% and the Russell 2000 fell 0.14%. The first 2 days of the most important week of the year have been duds. That’s no surprise. Earnings guidance has been weak, and stocks were very overbought starting the week. The Nasdaq
