Massive ADP Private Sector Jobs Report Beat
Weirdly Impressive ADP Report May ADP report was terrible when using normal calculations, but spectacular compared to expectations. This may have been the biggest beat ever, because other than last month, no estimate would ever be this negative. Specifically, the April reading was revised from 20.236 million job losses to 19.557 million losses. The chart…
Chaos in the Streets, Green on the Screen
Learn an important lesson in risk/reward in these markets. No matter what your market bias is you must know how to sustain positions even when you're wrong.
Consumer Doing Better Than Last Week?
Consumer Improving? Maybe Currently, the bottom of this cycle in Redbook same store sales growth was the lowest reading ever. It’s rarely negative. That makes sense because the consumer is usually growing and prices are usually increasing. In the week of May 30th, Redbook same store sales growth fell from -5.5% to -7.2%. That’s not…
Taking the Rally Seriously - Stock Scan for New Highs in Play
Bullish hedges against bearish positions are paying off and we may need more of them as this rally gains strength and the market breaks higher, possibly through a strong rally ahead. The NASDAQ is 100 points off an all-time high while the SP500 plays catch-up, but catch-up it certainly can. In tonight's video, Corey highlights…
Stock Market Reminiscent Of February?
Extreme Optimism Continues Surprisingly, the stock market rallied on Monday even though it’s extremely overbought and there are riots in the streets. We are close to a correction. A tense situation on the streets is escalating and stocks are due for a correction anyway. This reminds me of February where markets completely ignored COVID-19. We…
German Restaurant Bookings Are Back To Normal
Moment Is Here The moment is finally here. A country fully recovered from COVID-19. Yes, it’s Germany, but this is still important. It’s a potential leading indicator for America. To be clear, Germany had less of an impact from coronavirus than America did. Germany had 103 deaths per 1 million people and America had 321…
All Eyes on Market Volatility
All eyes were on volatility today as the S&P’s continued to grind higher throughout the day. Don takes a look at the two sectors that have driven trade lately, the Financials and the Monsters of Tech and explains how the S&P still lags behind some strange sector rotations – What Gives?
Jaded Investors Can’t See Stocks Ever Falling
Jaded Investors Investors who follow the fundamentals have become jaded. You can tell because there were discussions on FinTwit about how the stock market would rise after the weekend protests and riots. These investors are wrong to suggest the fundamentals don’t matter and they have recency bias. We are faced with an extremely overbought market…
Economy Skirted A Depression, But Risk Is Still Here
Worst PCE Report Ever By A Mile April PCE report was the worst PCE report ever. It gives us the details on how bad the economy would have been if the government didn’t give out extra unemployment benefits. It also shows how horrible it likely was for people who didn’t get benefits or got them…
U.S. Stocks Rally In The Face Of 3 Risks
Euphoria Takes A Quick Breather With the decline on Thursday and the selloff on Friday morning, it looked like markets were calming down after a big explosion. Then, madness occurred. President Trump gave a quick speech on Hong Kong which caused stocks to briefly selloff and then explode higher. This was a relief rally because…