Strong Housing Report - Another One Driven by Lower Rates
Slight Decline In Philly Fed Index Philly Fed manufacturing index fell slightly just like the Empire Fed index. It went from 16.8 to 12 which beat estimates by 1 point. As you can see from the chart below, the Philly Fed index and the average of the 5 key indexes are way above the ISM…
Is the Fed bringing back Quantitative Easing?
The Repo Market, a market seldom discussed under any circumstances, set the stage for this weeks FED meeting and all things to come. Don will explain what the Repo market seizure means moving forward and why the future of the FED is now an utter free for all. Furthermore, risk markers continue to hold at…
U.S. Economy Surprising To The Upside?
Stocks Mostly Flat On Thursday S&P 500 opened up, increased in the morning, and fell throughout the afternoon on Thursday. It closed the day almost exactly where it started. We need to wait another day for the S&P 500 to hit a new record high. It will likely happen soon. Stocks haven’t reacted much to…
Great Housing Starts & Permits: No Recession Soon
No 2019 Recession Because Of Housing Earlier this summer, many investors predicted real residential investment growth would finally get out of the doghouse it has been in for 6 quarters. And that it would also have a positive impact on Q3 GDP growth. Based on early indications from the Atlanta Fed GDP Nowcast, it looked…
Your Plan for Stocks, Financials, and Technology Against the Highs
We're back to the "will they or won't they" breakout out scenario as stocks - and key sectors within the stock market - challenge new all-time or 52-week highs. Leading stocks also have key set-ups and potential trades setting up into these levels.
Stocks End Flat After Fed Cuts Rates
Wild Action After Fed Statement: Stocks End Flat S&P 500 was down slightly before the Fed meeting. There wasn’t much of a reaction to the statement. Then Powell spoke which created volatility. S&P 500 bottomed at 2,981. Then it spiked in the last hour trading. It increased 0.85% to close the day up 3 basis…
Fed Cuts Rates For The 2nd Time In 2019
Fed Cuts Rates 25 Basis Points & Powell Gives No Signal For More Cuts The Fed cut rates once on Wednesday which is exactly what the market expected. Initially, there was no stock market reaction to the decision and statement. Then stocks sold off after Powell stated there wasn’t necessarily a plan to further cut…
The Fed Goes Double Down Dove!
The Fed double downs and cuts rates for a second time sparking a roller coaster ride for stocks that ended with the overall market being unchanged. Find out what the rate cut means for your trading and investments...
Fund Managers Are Very Greedy
Slight Increase In Stocks As Investors Await Fed Meeting Thanks to the 0.25% rally in the final 40 minutes of Tuesday’s trading session, the S&P 500 closed up 0.26%. This put it about 20 points away from its record high. Nasdaq was up 0.4% and the Russell 2000 was down 0.4%. VIX fell 0.23 to…
Manufacturing Recession Continues
Another Solid Redbook Retail Sales Report Redbook retail sales report showed yearly growth fell 1 point from 6.4% to 5.4% in the week of September 14th. This is still a solid reading. Growth decline if the August retail would have been more concerning if the sales report had come in weak. Since it was very…