Is A Global Capex Boom Coming? As you can see in the four charts below, the global capex cycle is about to increase. The first chart shows the historical global investment growth. After spending a few years below the average since 1990, Morgan Stanley is forecasting it to improve. The global economy
Stocks Crash Then Rally The wild trading action continued on Friday as stocks whipsawed back and forth. The tweet below gives a quick summary of the action in the Dow. It was quite an unusual day for stocks. At the bottom, this was the worst week since October 2008. However, since the market rebound
A Brief Government Shutdown The shutdown did occur for at least a short period of time. This is another negative for the stock market which doesn’t need another catalyst to push it lower as it has been falling like a rock. Both Democrats and Republicans didn’t like the ‘deal’ that was made by the le
Stocks Continue To Be Volatile I’m almost willing to say we’re entering a new normal where swings occur more often. Technically, that normal is how equities have existed throughout history besides the last two years. If the increasing interest rates caused the volatility, it could be here to stay. I
Earnings Season Recap With all the crazy action in the markets, I’m recapping the latest earnings results a bit later in the week than usual. The big change this week was the acceleration in analysts’ estimates for Q1 earnings, full year 2018 earnings, and 2019 earnings. This was expected because ma
Crazy Day On Wall Street 2018 has been nothing like 2017 as the market has whipsawed in the past few days. The Dow ended up 2.33% and the S P 500 was up 1.74%. The S P 500 was down to 2,624 at the lows and closed at 2,695. The Dow had a 1,167 point trading range.
The past few days have had a high intensity of news flow as the stock market had a mini melt down and earnings season kicked into high gear. Therefore, some of my analysis has been delayed by a few days. I am now going to review the jobs report which came out on Friday. Solid Headline
Stocks Crash Volatility Spikes Monday was a terrible day for stocks because there was a big blow up in some of the complex volatility instruments. The S P 500 was down 4.10% which was the worst day since August 2011 and the VIX was up 115.6% to 37.32 which was its biggest percentage increase ever.
Amazon Beats Revenue Estimates In the midst of the negative news during the market sell off on Friday, AMZN stock was rallying because it beat estimates. The stock was up 2.87% on Friday and fell with the market on Monday. The firm reported $3.75 in Q4 2017 EPS which wasn’t comparable to estimates b
Stocks Were Overbought The stock market had a wicked decline on Friday as the Dow was down 2.54% and the S P 500 was down 2.12%. The VIX was up 28.51% to 17.31. This was the worst week in 2 years. The S P 500 was down the most since September 2016. There were a few reasons for this decline.
