Another Wild Friday As Stocks Avoid The Worst Declines
Another Crazy Friday Friday’s market was exactly like the previous Friday in that stocks were down sharply and exploded into the close. It’s common to hear chatter about investors not wanting to own risk assets into the weekend. But the reality is short sellers don’t want to be betting against stocks into the weekend. They…
Coronavirus Has No Impact On The Labor Market In February
Huge Difference In Services PMIs February ISM services PMI was so strong that it was the equivalent to 3% GDP growth. By the way, the Atlanta Fed GDP Nowcast was updated on Friday. It shows 3.1% GDP growth in Q1. If it wasn’t for the coronavirus, 2020 would have been a turnaround year. Q1 growth…
Markets Infected with Extreme Volatility
Financial markets in panic mode as CoronaVirus continues to spread and shuts down the global economy. We have been using gravity points all week to navigate through the volatility. Find out how these gravity points are derived and how you can use them in your trading. Plus find out the plethora of opportunities available to…
Chinese Stock Market Is Up 19% Year To Date
Another Big Down Day S&P 500 fell 3.39% on Thursday as volatility continued to wreak havoc on Wall Street. VIX rose to 7.63 points 39.62 as it is closing it on its high last week. Now, the market will likely test its correction low in the next couple days. But if you have a time…
Coronavirus Starts To Impact Economic Data
Markit Manufacturing PMI Falls Markit manufacturing report from February showed business is starting to wane as the coronavirus catalyzes a slowdown in global growth. PMI fell from 51.9 to 50.7. Good news is this is only a tick lower than the flash reading. It's surprising that activity didn’t decelerate quicker in the 2nd half of the…
Which Key Stocks and Sectors are Extending New Lows with the Market?
So far we've discussed top-level money flow across markets but in tonight's video, Corey highlights which sectors and also main stocks are joining the market with new yearly lows. Building on the "stocks making new 52-week lows" scan, Corey highlights key names you would expect but some you would not in a quest for opportunities…
Massive Rally In Stocks & Treasuries Finally Fall
Another Huge Move In Markets As Stocks Surge Wednesday had yet another awe-inspiring move in stocks and bonds as the S&P 500 rose 4.22% and there were many volatility clusters. However, if the market avoids another big decline, we will see a return to normalcy where stocks grind higher. The chart below shows how unusual…
Supply Chain Hit By Coronavirus
Bullard Talks Down March Fed Decision Fed did an emergency cut on Tuesday. Questions are now being asked about the March 18th meeting as we only have a couple more days before the Fed’s quiet period starts (Friday). When asked about future Fed action Bullard stated, “We certainly can keep our options open there, but since…
Is it Safe to Get Back in the Markets?
In tonight’s video, Don shows us how the market has, in fact, shown a slight rebound after more than a few tumultuous days. So, is it safe to get back in the markets? Don suggests that we need to be very careful in moving forward. Even though we may be rippin’ to the upside, there…
10 Year Yield Falls Below 1% In Monumental Rally
Another Wild Day For Stocks The stock market had a very wild day as it was down in the morning, briefly rallied after the Fed’s emergency cut, and then crashed sharply. In markets volatility clusters which means when the previous day had high volatility, the next day has a greater than average likelihood to also…