Trade Deal on the Rocks? Again?
Volatility spikes on news that phase 1 of the trade deal may be postponed until January. Don explains the risks ahead if the trade deal were to be delayed. What sectors and stocks to watch and what types of trades could be opportunities...
Healthcare Sector Helped by Pete Buttigieg’s Rise In The Polls?
Another Flat Day For Stocks S&P 500 was flat again on Tuesday as it fell just 5 basis points. The market has been flat most days in the past few weeks with the occasional sharp rally. You’d think markets would have more to react to since the economy is very weak and expectations are for…
Economy Nearly Falls Into A Recession In October?
Economy Near Recession? October industrial production report pushed the Arouba Diabold Scotti (ADS) business conditions index to -0.783 on October 22nd. It's very close to the recession line which is -0.80. Obviously, we need to watch the November industrial production report very closely. If it worsens, it could push the readings in November into recessionary…
What’s Wrong with Retail?
Another quiet day for stocks, but the retail sector is suddenly coming apart ahead of Black Friday. Don takes a deep dive into what's going on here and the opportunity it presents...
S&P 500 The Most Overbought Since January 2018
Extreme Euphoria Develops Stocks are way overbought. Many were too early in predicting a correction because they expected this to be a normal period where stocks get overbought and then selloff 3% to 5%. In fact, stocks are getting extremely overbought which means an even bigger decline is coming. As of Friday, the 14 day…
Q4 GDP Growth Expected To Be 0.39%
Weak Industrial Production Growth October industrial production growth was weak even if you don’t include the weakness caused by the GM strike. More than 2/3rds of manufacturing sub-sectors were in contraction. This the broadest, but not the deepest manufacturing recession of this cycle. It’s not as deep because energy prices didn’t collapse. Yearly mining growth…
Planning Your Week Starting with a New Market High
Stocks pushed to another new all-time high today as the bull market continues against the classic odds. In tonight’s video, Corey updates the key levels in play for all four equity indexes right now and specifically takes a look beneath the highs to note large cap stocks joining the market at all time highs. You…
Santa Clause Rally Brought About By Euphoric Traders
Euphoria Brings Another Record High For Stocks Investors and traders are getting euphoric as they are completely ignoring the bad economic data and hoping there will be a trade deal and a cyclical recovery. Normally, I'd agree with the bull thesis. But even I’m having trouble with grasping how much stocks have rallied in the…
Retail Sales Growth & Consumer Comfort Fall
Jobless Claims Spike Bears may have gotten excited by the spike in jobless claims, but it is irrelevant. It doesn’t mean anything bad is happening to the economy. Especially just because a few states including the large states of Pennsylvania and California estimated their results. If results are estimated, they can be incorrect. We will…
A Fearless Market Ignores a Myriad of Risks
Stocks hit new all time highs after another methodical week of trading to the upside and touching the upper end of the expected move. Lots of stocks, ETFs, and current positions to cover in this extended weekend edition. Find out where the next opportunities are in this market...