Consumer Sentiment - Redbook Growth Falls Sharply Year over year same store sales growth in the Redbook weekly report declined in the week of January 26th from 7% to 5.8%. We are now back to the doldrums of early January where growth was decelerating sharply. This is perfectly in line with the consu
Caterpillar - Stocks Fall Monday Stocks finally took a breather on Monday as they fell modestly. S P 500 fell 0.78%, the Nasdaq fell 1.11%, and the Russell 2000 fell 0.63%. Equities were on a 5 week winning streak heading into Monday as the S P 500 was up 6.3% year to date. Stocks still need to fall
Government Shutdown - Potential Effects The government shutdown might resume on February 15th. As for now, the CBO released the potential effects from the shutdown on past and future GDP growth. Negative impact on Q4 GDP growth will be 0.2% and the negative impact on Q1 will be 0.4%. Government Shut
S P 500 - Massive 2019 Rally Continues 2019 has been a spectacular year for stocks as the S P 500 is up 6.3%. If the stock market were to go up 6.3% every month it would be up 108% for the year. We know that’s almost impossible. The goal is to highlight how great this month has
Stocks - Slight Rally Despite Trade Woes Many the stock market is overbought. The logic to buying stocks took a hit on Thursday, but they still rallied modestly. S P 500 was up 0.14%, the Nasdaq was up 0.68%, and the Russell 2000 was up 0.7%. VIX’s 3.23% decline helped push the CNN fear and greed
Jobless Claims Fall To 199,000 The jobless claims report is a leading indicator for the economy and helps us understand how the monthly BLS report will look. Lately it has been an extremely important metric that has been followed closely because it was strong during the stock market decline in Decem
Dow Stocks - Market Rallies Slightly On Dow Earnings On Wednesday, three Dow firms reported earnings that sent their stocks up. That lifted the Dow by 0.7% and even helped the S P 500 gain 0.22%. Nasdaq was up 8 basis points and the Russell 2000 was down 0.22%. The minor rally and the 6.15% decline
Q1 2019 - Earnings Estimates Start To Fall Off A Cliff The stock market is rallying way too much compared to how much earnings estimates are falling. As you can see from the table below, Q1 EPS growth estimates have fallen from 5.54% at the start of the year to just 3.55% as of January 23rd.
Trade Meeting - Weak Tuesday The stock market fell sharply on Tuesday. It was overbought, and the existing home sales report was shockingly bad. Also, the White House canceled the trade meeting with China. S P 500 was down 1.42%, Nasdaq was down 1.91%, and Russell 2000 was down 1.69%. I don’t think
