Apple Rallies - Small Caps Outperform Sharply On the day before the Fed’s rate decision and the trading session before Apple Rallies reported, stocks mostly fell. Although small caps rallied. On Tuesday S P 500 fell 0.26%, Nasdaq fell 0.24%, and Russell 2000 rose 1.06%. VIX increased 8.65%. It’s int
Core Inflation Low - Beyond Meat Clarification Before getting into Core Inflation Low - I want to quickly clarify the facts on the Beyond Meat secondary. New capital raised represents 0.4% of equity. Decline the secondary caused the stock to have could be good news. It could get rid of the post-IPO
Beyond Meat - Stocks Fall Ahead Of Fed Meeting Beyond Meat led the stock market to fall modestly on Monday. Investors await the Fed’s decision on Wednesday. We already know the Fed will cut rates once; stocks will react to the guidance. Investors are expecting a neutral cut because the recent labor
Global Trade - Big Historical Revisions To GDP Global Trade ending up falling for the third straight quarter in a row. Q2 advanced GDP report like all advanced GDP readings was anticlimactic. Mostly because the results might not be close to the final readings. This is our best guess at GDP growth, r
Huge Friday Rally I am calling Friday’s rally “huge” because every point the market rallies, makes this an even more fantastic year. The S P 500 was up 0.74% on Friday which means it is now up 20.7% year to date. This performance is over 1% better than the fantastic year that was 2017. The best
Kansas City Fed Index Falls Slightly We’ve seen a whirlwind of different manufacturing reports. Some reports were even shocking. The July Markit flash reading shows manufacturing output is falling at a 1% quarterly rate, while the June durable goods orders report showed core orders were up 2% yearly
Greed - Modest Decline In Stocks On Thursday There appears to be no Greed in the stock market. After hitting its record high a day prior, the stock market fell on Thursday. Even though the durable goods orders report and jobless claims beat estimates. S P 500 fell 0.53%, Nasdaq fell 1%, and the Russ
Q2 GDP Growth - The Final Atlanta Fed GDP Nowcast Q2 GDP Growth showed as the final Q2 Atlanta Fed GDP Nowcast was released on Thursday. It was a dud as the estimate was lowered from 1.6% to 1.3%. You can see this from the chart below. This report is expected to be the exact
Facebook Beats Estimates - Big Tech Gets Over Regulatory Issue Quickly Facebook Beats Estimates even after big industry news. The news of the DOJ investigating market leading platforms sent the big tech names lower after-hours on Tuesday. But they quickly got over it on Wednesday. Apple stock only f
Markit Manufacturing PMI - Existing Home Sales Before getting into Markit Manufacturing PMI, let's review homes sales. June existing home sales missed estimates. But stayed near its recent range. Sales were revised higher from 5.34 million to 5.36 million in May. In June sales fell back to 5.27 mill
