Will They or Won't They? Your Trading Plan for Wednesday's Fed Fiasco
Currently the Fed Funds Rate Futures put the probability of a Rate Cut at 50% for Wednesday's meeting which means there's also a 50% chance they will keep rates the same. In tonight's video, Corey walks you through the "cut or not cut" plan and short-term trade ideas for equities, Gold, Crude Oil, and most…
Brent Oil Spikes The Most Ever After Attack On Saudi Oil Fields
Biggest Spike In Oil Prices Ever There was a massive increase in oil prices on Monday because of a coordinated attack on Saudi Arabia’s oil production. Specifically, the oil processing facility in Abqaiq and the nearby Khurais oil field were attacked. That shutdown 5.7 million barrels of production per day which is 50% of Saudi…
Cass Freight Index Shows Continued Economic Weakness
Disappointing Empire Fed Manufacturing Report General business conditions index in the September Empire Fed manufacturing report fell modestly. But the expectations index fell significantly, so I’ll call this a disappointing report. Empire Fed index is just one of the 5 regional Fed reports, but it gains prominence because it’s the first one. It is out…
Will the Bond Bounce Hold?
What happened to the 100% chance of a rate cut this week? Suddenly the probability of the rate cut has dramatically fallen while bonds sell off. We know one thing for sure - if the rate cut is off the table this week stocks will not take it well. Here's the opportunities to be on…
Strong Retail Sales Despite Weak Consumer Sentiment
Slight Increase in Consumer Confidence The University of Michigan consumer confidence survey in August was terrible. This led some investors to get scared because it seemed like the consumer was in trouble. However, it’s notable that this survey is correlated with the stock market. Volatility in stocks definitely played a role in this decline. Technically,…
Treasuries Selloff Continues
Treasuries Selloff Again Action in the bond market has been absurd this week. As you can see from the chart below, the long bond ETF TLT ended its 100 day streak of being above its 50 day moving average. That was its longest streak in history. The selloff that I had been waiting for occurred…
Risk Flying High Near All-Time Highs
Another week and yet another expected move tagged in the SPX, the accuracy is uncanny! This week Don details what to expect in the Bond markets... the week whereby we will hear from the FED, the Bank of Japan, the Swiss National Bank, and the Bank of England! Get your risk helmets on and find…
Stocks React To Speculation About An Interim Trade Deal
Trade Deal Could Spark A New Run Higher It’s no surprise stocks rallied on Thursday because of President Trump’s positive tweets on trade on Wednesday evening. This is why you can’t just sell stocks if there are a lot of tweets. That study that showed a high number of tweets being associated with down days…
Core CPI Hits A Cycle High
Headline CPI Misses & Core CPI Beats The August CPI report doesn’t change anything about near term Fed policy. It only alters my thinking on the economy slightly. These slight changes drive the day to day action, so they aren’t something to gloss over. Specifically, headline CPI was weak as it was 0.1% monthly which…
What are we Doing with Stocks Near All-Time Highs?
As the short-squeeze continued, the stock market almost achieved new all-time highs today on bullish news from Europe and from China. How have our trading plans changed and what is the current update for Friday and early next week? Join Corey in tonight's video as he discusses money flow and opportunities for profit and protection…