Goldilocks Jobs Report Sends Stocks Higher
Another Bad ISM Report September ISM services report was like the manufacturing PMI. It fell and both reports were paired with an improving, but still weak Markit PMI. A key differences between the services and manufacturing PMIs from ISM are that the services PMI was above 50 and that the services report showed much more…
The Truth Behind Commission Free Trading
Brokerage firms went into an all out WAR this past week and retail traders became the beneficiary as stock trading dropped to FREE across the board. Don Kaufman, 15 year veteran of the brokerage world and co-founder of theotrade will provide the truth behind Commission Free Trading while exploring the infinite strategy possibilities with FREE!
Big Reversal As Market Prices In More Rate Cuts This Year
Big Reversal As October Rate Cut Locked In The stock market was down sharply Thursday morning because of the weak ISM non-manufacturing report, but then it rebounded throughout the day as the odds of a rate cut this month increased. The odds of 2 cuts by the end of the year also increased. I was…
Mortgage Applications Increase & Job Cuts Fall
Strong MBA Applications Growth The only way you can say the housing market signaled a recession is if you say the late 2018-early 2019 weakness was the warning sign. However, that’s dubious because housing is strong now. If the consumer really was in the tank, we wouldn’t see cycle highs in new and existing home…
Key Stocks to Buy off Support
After two days of major selling in the equity markets (rising correlations), today gave us a relief rally. Also, the selling took some key stocks into critical support levels. In tonight's video, Corey highlights some of these names and how you may decide to trade some of them off of these key levels now.
Worst Start To A Q4 Ever?
Terrible Start To Q4 Q4 has started with back to back sharply down days. Many investors predicted the VIX would touch 20 this month and it hit 20 on the 2nd trading day. VIX was up 2 points to 20.56 because the S&P 500 fell 1.79%. The S&P 500 has never started a Q4 down at…
Private Sector Job Creation Misses Estimates Stoking Recession Fears
Very Weak Chicago Fed Business Barometer Recession fears are back on the table with the latest weak ISM manufacturing PMI. The market under-reacted to weak economic reports earlier in the year; now it is overreacting to them. Q3 was always going to be a weak quarter as I highlighted at the start of the year…
The Sellers Have Arrived
We have been looking for volatility and now we got it! The Sellers have Arrived! Join Don Kaufman as he evaluates what sectors may be the most advantageous in the coming days and why the coming economic numbers are going to rock markets to highly specific levels.
Stocks Fall Because Of Weak ISM Manufacturing PMI
Stocks Fall Sharply On Disappointing ISM PMI September ISM PMI was the weakest since June 2009. This sent stocks careening lower after they had initially rallied slightly because of the encouraging Markit PMI. It’s clear which PMI the market follows the closest. Markit PMI has double the sample size, but traders and algos don’t care. …
Residential Construction Improves: Housing Set To Have A Great Q4
Strong Redbook Growth The order of importance in terms of measurements of consumer spending from least important to most important are the following: Redbook, consumer confidence, retail sales, and PCE. However, the Redbook report is the most updated, so I follow it. Redbook results show sales growth from the last week of September, while the…