Consumers Love The Stock Market
Strong Preliminary February Consumer Sentiment Consumer confidence readings were all fantastic in January. But that didn’t lead to a great retail sales report. Yearly growth was bogged down by online sales growth. It had a big sequential decline, but obviously still had yearly growth above the headline reading. However, that won’t stop me from continuing…
Looking for Trades Beyond the Stock Market
Stocks continue to make new all time highs over and over again, but if you're frustrated with this skyward march, take a moment to make sure you're not missing easier opportunities outside the equity bull market. In tonight's video, Corey highlights where we are in the market but also what opportunities are and have been…
Lower Taxes On Investors?
Update On The Coronavirus Currently, Hubei has a work suspension until February 20th. Obviously, the best case scenario is the suspension is lifted shortly. But that might not happen if deaths continue to rise along with confirmed cases. Specifically, as of February 14th the number of deaths rose 143 to 1,523 and the number of confirmed…
Weak Control Group Retail Sales: Just 1.4% GDP Growth?
Weak January Retail Sales Report Lowers GDP Growth Estimates January retail sales report wasn’t great mostly because control group sales growth was revised lower and missed estimates. Even still because of the tougher comp, there wasn’t much change in the 2 year headline growth stack. There wasn’t a big spike like what could have occurred…
Are Markets Ignoring Imminent Risks?
Stocks hang onto the edge of the expected move this week. It's awe inspiring to see the market toeing the line of the expected move we discussed in last Fridays video for the last 3 days. What kind of risks and opportunities are in store next week? Tune into this crucial weekend video newsletter update…
Tesla Prints Money To Fund Its Expansion
Modest Thursday Decline After the number of coronavirus confirmed cases increased due to a change in methodology, the stock market fell modestly on Thursday. S&P 500 was down 0.16% and the Nasdaq fell 0.14%. Russell 2000 was up 0.26% as it outperformed the large caps for the 3rd straight day. It has been on a great…
Real Wage Growth To Suffer From Increase In Energy Inflation
Energy Boosts Headline Inflation January CPI report was more of the same type of reading we have been seeing this cycle. Inflation stayed low which means the Fed will keep rates low. Those who don’t follow this report closely will be surprised by the jump in energy inflation since oil prices cratered in January because…
Looking Inside the Biggest Stocks Driving this Market Higher
As Don's video highlighted last night, yet another day, yet another rally to new highs and today that was true once again. In tonight's video, Corey takes it one step beyond the headlines and takes you inside the top stocks by market cap that are truly driving this market and highlights current and future opportunities…
New Definition Increases Coronavirus Cases
Coronavirus Looms Again With its 0.65% rally on Wednesday, the S&P 500 is now on a 3 day winning streak and has increased in 6 of the past 7 days. However, an updated news report on the coronavirus this evening threatens to ruin the party in stocks. Because of the new way China is measuring…
Mortgage Activity Highest Since 2005
Mortgage Purchase Applications Growth Continues Composite index for mortgage applications was up 1.1% in the week of February 7th after rising 5% in the prior week. With rates being near their record low, it’s no surprise the refinancing index is spiking. Refinance index was up 5% after increasing 15% in the prior week. As you can…