Apple Drives Market Near Its Record High As Trade War Cools
Stocks Near Record High The overall market rallied on Wednesday and small caps outperformed again. S&P 500 was up 0.72% to 3000.93. Its record closing high is 3,025.86. A record high is coming soon. Once again, the market rose sharply in the last 10 minutes of the trading session as it was up 0.2%. It…
Hiring Growth Improves In July
Solid MBA Applications Report MBA applications report from the week of September 6th showed the composite index had weekly growth of 2% after it fell 3.1%. This was a great report. But one has to wonder how the housing market will deal with higher rates. I don’t expect treasury yields to increase significantly. But there could…
Central Banks: More Easy Money On The Way?
The central banker party kicks off tomorrow with the ECB. The ECB is widely expected to ease and set the tune for the rest of the central banks culminating in a rate cut by the FOMC next Wednesday. Here's what you need to know...
Treasuries Selloff Further As the Dam Breaks
Another Day Where Big Caps Are Flat & Small Caps Rally Once again, the S&P 500 was flat as it increased just 3 basis points on Tuesday. The only interesting aspect of the trading session is that stocks rose 0.32% in the last 5 minutes. It closed at the high of the day. It was…
Strong Consumer - But Signs Of Weakness From Small Businesses
Redbook Same Store Sales Growth Solid Again When investors heard the news that there would be a tariff on consumer goods starting in September, we thought there would be a decline in spending growth. Especially immediately after it was implemented. Then there were reports that retailers weren’t fully passing on the increased costs to consumers.…
How to Trade Big Tech Names Into Key Levels
Apple (AAPL) gave us a Keynote Address today with new products, but how will its stock react against a key level? In tonight's video, Corey gives you a quick check-up on key technology names including Neftlix (NFLX), Google (GOOGL), and Amazon (AMZN), noting which levels are in play for trades and targets right now...
Small Banks Rally 3.53%
Small Caps Outperform Large Caps At first glance it seems like Monday’s trading session was boring because the S&P 500 fell 1 basis point and there weren’t any major economic reports, nor were there tweets from Trump on the trade war. However, there was some interesting movement below the surface. Nasdaq fell 0.19% and the…
Recession Risk - Is it High?
Manufacturing Labor Market Growth in hours worked gives us another layer of information on the labor market besides just growth in payrolls. It combines the length of the workweek with growth in payrolls. In the August BLS report, aggregate hours worked in the manufacturing sector improved 0.5% monthly. That was the largest increase since June…
Have Financials Gone Too Far Too Fast?
Markets remained range bound today however, several major sector rotations have grip hold of the markets and threaten to drive trade in the days to come. Additionally, financials continue to rule the roost but with a veritable central banks party coming in the next two weeks, that leadership role may rapidly change. Join Don for…
Private Sector Job Creation Misses Estimates, But Stocks Inch Higher
S&P 500 Nears Record High Even though the BLS report missed expectations, the S&P 500 managed to eke out a small gain. It ended this solid week on a high note. S&P 500 was up 9 basis points on Friday and 1.78% on the 4 day week. It’s up 18.82% year to date and down…