Stocks Have Best Decade Since The 1950s & What Could Ruin 2020’s Returns
Another Big Rally For Stocks 2019 is finishing strong. Stocks are beginning to look frothy according to some metrics. That’s going to happen when the S&P 500 is on a 4 day winning streak and is up 27.31% year to date. You can say this is a Santa Clause rally. But really it’s a continuation…
Housing Markit Index Spikes To The Highest Level In 20 Years
Big Improvement In Housing Market Index Housing market index increased from 71 to 76 in December which beat estimates for 70. The original November report was revised from 70. As you can see from the chart below, this was the best reading in 20 years. It’s quite interesting to see such a high level. It…
Your Strong Sector Check at the Highs
Last week we highlighted key stocks joining the market at all-time highs and in tonight's video, Corey expands the perspective to pinpoint strength in the major market sectors as price extends new highs. Which sectors are in play and which are we avoiding? Find out in tonight's video...
Stocks Don’t Rally On Small Trade Deal
More Details On The Trade Deal Phase 1 of the trade deal has been agreed to, but this doesn’t look much different than the other times the 2 sides agreed to delay or suspend tariffs. This isn’t a grand deal where tough decisions were made. That explains why the stock market didn’t roar higher on…
Weak Retail Sales Growth Defies Estimates
Weak Retail Sales November retail sales report was weak. This goes against the strong consumer sentiment index and the solid real wage growth. It also goes atainst the Gallup poll that asked how much consumers would spend. Finally, it contradicts Costco’s great same store sales growth, and the low unemployment rate. Personally, I think this…
What's Left to Juice Markets?
Stocks end the week near the upper level of the expected move, but inside the expected range for an incredible 19 straight weeks. This week the Fed said they are on hold, the trade war is essentially over along with Brexit risk. What's left for buyers to use as an excuse to keep buying at…
Stocks Rally As Phase 1 Of The Trade Deal Is Nearly Final
New Record High On Trade Deal Hopes If you thought that there probably wasn’t going to be a trade deal by December 15th, you were wrong. A common theme with these trade negotiations is that a couple weeks before deadlines, it looks like there is no shot of a deal being done. Then a couple…
Low Inflation & No Chance Of A Deep Recession
Low Core Inflation Again Core inflation would need to rise significantly and stay there for the Fed to raise rates. That likely won’t happen. November CPI report showed more of the same as core inflation hardly moved. Core CPI stayed at 2.3%, while headline CPI increased from 1.8% to 2.1% because of energy inflation. This…
Which Key Stocks Joined the Market at All Time Highs?
Yes, the S&P 500 and other equity indexes made fresh new all time highs (except the Russell 2000), and 81 trending stocks joined the market by continuing their uptrends. In some cases, a large short-squeeze triggered at new breakout highs. In tonight's video, Corey highlights the broader sectors and key stocks for your trading candidates…
Stocks Rally After Powell’s Dovish Presser
Stocks Increase Slightly After the Fed didn’t change rates at its December meeting and Powell stated he wouldn’t hike rates in 2020 unless inflation spiked, stocks increased modestly on Wednesday. After Powell’s first few meetings led to declines in the S&P 500, the past 3 have all led to rallies. That’s because the Fed hiked…