Has the "Risk-Off" Trade Gone Too Far Too Fast?
Treasuries, Gold, and Utility Stocks all made new 52-week highs today as investors continued to rush into the "Risk-OFF" defensive trade strategy. But has this trade run its course too quickly? Corey discusses what happened today, what the current accelerated trends are, and what levels are important for your trading decisions right now and through…
Second Down Month Of 2019 for Stocks
Market Ends Great Weak & Subpar Month The stock market ended up marginally on Friday which closed an amazing week and the 2nd down month of the year. The S&P 500 was up 6 basis points on Friday and 2.79% on the week. The trading session was interesting much like it was this month. The S&P…
July Consumption Growth Looks Great
Weak Pending Home Sales We have seen solid housing stats recently as new home sales in June hit a record high. However, the pending home sales index wasn’t part of this group of reports. After a good reading of 108.3 in June, the index fell 2.5% to 105.6 as you can see from the chart…
Trapped in Volatility Land and Lovin it...
Markets rallied this past week but a critical insight is volatility refused to back down and that means risk continues to loom large. Don will detail what matters moving forward, risk markers you need to be aware of, and more importantly why volatility refuse to back off. Strap in, markets appear to still be an…
Stocks Rally On Trade Negotiations Which Are “At A Different Level”
Stocks Rally Again On Trade Talks It seems like we are going around in circles with this trade situation. New tariffs tend to lead to new negotiations on trade. It’s a tap dance. This isn’t a no holds barred trade war where each side wants to destroy the other. Instead each side is issuing tariffs…
Consumption Growth Explodes to 4.7% in Q2
First Q2 GDP Revision The Q2 GDP revision was very interesting even though headline growth barely changed. Specifically, real quarter over quarter growth fell from 2.1% to 2% which met estimates. Real consumer spending growth, which was already very strong, was revised even higher. It went from 4.3% to 4.7% which beat estimates 4.3%. Core…
Getting Ready to Break Out of the Box
While we still remain within a wide range rectangle or Volatility Box right now, that won't always be the case. In fact, we may get the breakout next week. In tonight's video, Corey walks you through the key levels in the main equity indexes then discusses how to trade within the range in Gold and…
30 Year Yield - Biggest Decline Since Late 2011
Choppy Trading Action Continues The stock market rallied modestly on Wednesday as the choppy trading action continued. The S&P 500 was up 0.65%, the Nasdaq was up 0.38%, and the Russell 2000 was up 1.15%. The VIX was down 0.96 to 19.35 which still shows the market is in a correction. The CNN fear and…
Copper Futures Market Facing Extreme Negativity
Surprisingly Solid ISM PMI Likely Coming Based on the solid regional Fed manufacturing reports, the ISM manufacturing PMI will probably show modest sequential improvement. I expect the PMI to be from 51 to 53. The July reading was 51.2. August ISM PMI comes out on Tuesday. The chart below shows the improvement in the average…
Volatility Box Prevails but for How Long?
In today’s video, Don drives home a few ideas, in trade, that you can expect inside of the next 48 hours. With the Labor Day holiday weekend looming ahead, traders may tend to back away a bit but, as Don will point out, everything is suggesting just the opposite. Listen as to how Don explains…