Global Euphoria In Markets
Time to Become Bearish? The stock market was extremely overbought entering this week, but rallied in 4 times as it increased 0.85%. However, the rally has only gotten more extreme. Which means we'll start seeing more bearish than many have recently been. Personally, I’m extremely bearish on the short term which I consider to be…
Q4 GDP Growth Expected To Be 0.73%
Consumer Credit Disappoints Monthly growth in consumer credit missed estimates sharply in September. In August, monthly growth was revised from $17.9 billion to $17.8 billion. As you can see in the chart below, there was only a $9.5 billion increase in consumer credit. It missed estimates for $15 billion, and missed the low end of…
Groundhog Trading Day
Who is buying at all time highs? Don explains how dynamic hedging can cause the markets to rise a little bit each day creating what we call a Groundhog trading day - every trading day seems to be the same. Plus Don shows the progress of his current positions and what positions he's looking to…
10 Year Yield Nears 2% As Expected
Huge Day For Markets Because Of Trade Reports Positive news on trade pushed the S&P 500 and Nasdaq to new record highs and the 10 year yield much higher. It nearly hit my 2% target. That was quicker than expected. S&P 500 was up decently for most of the day, but lost some steam in…
Only 21% Of Americans Say It’s A Good Time To Buy A House
Productivity Growth Falls & Unit Labor Cost Growth Rises In Q3, productivity growth fell and unit labor costs rose. That’s good for workers and bad for profit margins. We are now in the longest margin contraction in post war history as NIPA profit margins have fallen for 4.5 years. It’s unusual for margins to fall…
These Key Tech Stocks are Stalling into Resistance
In tonight's video, Corey highlights short-term trading opportunities from key technology stocks trading into resistance price pivots. What may be the trade from here? Follow along in tonight's video where we discuss AAPL, FB, and other key tech names...
Equities Rally Is Global
Market Stays Overbought Wednesday was the reverse of Tuesday. On Tuesday the S&P 500 was the only major index that fell. And on Wednesday it was the only one to increase. S&P 500 was up 7 basis points on Wednesday. VIX fell 0.48 to 12.62 which signals high complacency. Stocks are up modestly since investors…
Strong Hiring & ISM PMI Improves
Weak Openings & Strong Hiring The JOLTS report gives us data on hiring, quits, and openings. Two of the three data points were solid. Openings growth was negative because the reading spiked way too high in 2018. A spike made no sense as the difference between openings and hiring hit a record high. As you…
Risk-Rewards Terrifies Traders for These Reasons
S&P Futures are massively unchanged and yet there is a terrifying risk-reward that's glaring in front of us all, specifically inside the S&P. This most recent move is a perfect example of why investors are spooked right now and just gloss right over it. Instead of hiding under the covers...listen to today's crucial video for…
America Revoke $112 Billion In Chinese Tariffs?
Flat Market, But Still Overbought The stock market was mostly flat on Tuesday, but stocks are still overbought. It’s common knowledge that earnings season, which is mostly over, was pretty good, that the trade deal is inching closer to completion, and that the Fed is supportive of markets. That’s why the base case scenario being…