Retail Craters - Stocks Crash Further On Tuesday Bearish outlook despite the low CNN fear and greed index was correct again on Tuesday. S P 500 fell 1.82% even as the CNN index entered the day at 8. That signals extreme fear. Losses on Tuesday pushed it to 6. 14 day relative strength index is actual
Industrial Production Manufacturing - 10 Year Highs Month over month industrial production growth was 0.1% in October. It missed estimates for 0.2% growth. September’s growth rate was revised from 0.3% to 0.2%. It’s not a great sign to see month over month growth miss estimates when the prior month
Housing Market Index - Oversold Stocks Fall Again Many investors are no longer bullish on stocks even though they are oversold because the fundamentals look bad. We got a reminder of those weak fundamentals on Monday. The new outlook has been working. CNN fear and greed index showed “extreme fear” h
G-20 Meeting - Very Strong November Empire Fed Report Before going into the G-20 Meeting, let's go over some stats from the November Empire Fed Report. Not every manufacturing survey from the Fed was weak in November. The first example of this is the Empire Fed report. It came in at 23.2, which beat
Global Yield Curve - Stocks Continue To Rebound On Friday Stocks rallied slightly on Friday. S P 500 and the Russell 2000 both increased 0.22%. This latest weakness in FAANG and Nvidia crashing 18.8% was from weak guidance. The 0.15% decline in the Nasdaq was impressive. CNN Fear and Greed index was
KB Home - Market's Big Reversal The reversal in stocks on Thursday is the gut-wrenching action that normally occurs in bear markets and corrections. Just when you’ve given up on stocks, they come roaring back. S P 500 was down 0.71% in the morning and closed up 1.06%. Nasdaq rallied 1.72% and the Ru
October Core CPI - Neutral Rate Holds The Policy Key Core inflation is starting to decelerate like many expected. Some economists are even projecting the cycle peak in inflation has occurred. Inflation will likely fall in the next few months along with oil. If you think the cycle peak in inflation h
Powell - Another Down Day For Stocks The 12 day losing streak in oil ended. But stocks continued to fall even though they are oversold. Personally, I’m done trying to go bullish in the short term. Fundamentals of earnings and the economy have eroded. S P 500 fell 0.75%, Nasdaq fell 0.9%, and Russell
Mortgage Applications - More Weakness In MBA Applications The housing market weakened this summer. Home price growth is going to fall in the next few months. Affordability is a problem in many cities. The latest housing data comes from the MBA mortgage applications index. This composite index was do
