America Is 45% More Expensive Than The World
Cisco Beats Earnings Estimates Earnings season is winding down, but there are still a few more reports left. Next week the retailers such as Wal-Mart report results. It will be a story of the ‘haves’ and the ‘have nots.’ Most retailers will be in terrible shape, but the retailers that sell necessities probably did very…
Billionaires Are Very Bearish - Druckenmiller & Tepper
Range Bound Market (Cloud Falls) The stock market fell again on Wednesday as it continued its correction from its euphoric level last week. With the 1.75% decline, it’s down 3.76% in the past 2 days. Perma bears won’t buy the dips presented to them. They didn’t take advantage of the March decline and haven’t taken…
Are Bears Back?
The S&P 500 broke below and closed beneath this week's expected move. This leaves us with a critical day in the markets tomorrow and Friday. If the markets close the week outside the expected move to the downside it would be a strong bearish signal. Let's look at a few other factors to take into…
Deflation Is Here
After last week’s Redbook same store sales growth report, many predicted that would be the bottom in sales growth. Mostly because growth was relatively low and because the economy is starting to reopen. So far, that prediction looks good. In the week of May 9th, yearly growth rose from -9.3% to -7.5%. Longer that bottom…
Fauci Denies The Market A Higher High
Higher High Denied The stock market experienced a ‘buy the rumor, sell the news’ trade once again. It sold off when the Democrats proposed a $3 trillion stimulus bill. Plus, the market feared Fauci’s statements on COVID-19. As the subheading says, the S&P 500 failed to hit a higher high for the first time in…
Selloff Starting - Your Plan of Attack
The markets fell sharply this afternoon, snapping a rally back into key levels especially in the SP500. In tonight's video, Corey rapidly updates you on today's development and what it means for the market and your positions.
Uncertainty Leading To Higher Valuations
PE Multiple Broken? Investors focused on the S&P 500’s PE multiple have missed out on the recent gains. To be clear, investors focused on the PE based on 2020 earnings missed out the entire rally. Investors focused on the multiple of 2021 earnings have only missed the past couple weeks of gains which haven’t been…
Record Robinhood Positions (Retail Is Buying The Dip)
Robinhood Traders Are Everywhere Some say the popularity of the Reddit page Wallstreetbets was the signal retail investing was overheated. It’s always tough to say when a market is overheated because rallies can always keep going longer than you expected. That’s why I look at the fundamentals, the economy, and valuations to formulate my opinion. …
The Range Continues to Define Markets
As the S&P stays stuck in a tight range volatility futures are showing signs of returning to normal. But, here's the one thing that will determine the market's next move…
Details Of The Worst Labor Market Ever (April Data)
Job Cuts Are Everywhere Now we have the April job cuts report. It is exactly as you’d expect in that there were the most job cuts ever. The chart below shows there were 671,129 job cuts which is by far more than any month in the prior 3 recessions. As the graphic shows, this is…