Citigroup - Wells Fargo - JP Morgan All Beat Earnings Estimates
Citigroup - Wells Fargo - JP Morgan - Stocks Fall Slightly As Trump Gives Update On Trade Talks Citigroup - Wells Fargo - JP Morgan - All beat estimates. The stock market fell on Tuesday even though the retail sales report was great. It may have fallen because stocks are very overbought. Or because President…
Great Retail Sales Report Bolstered By Real Wage Gains
Great Retail Sales Report - Strong Real Wage Growth June showed us a Great Retail Sales Report and Real Wage Gains. As I will get to later in this article, retail sales growth was solid in June. We must start with why it was strong. As you can see in the chart below, real wage…
Check out these Major Earnings Plays
We saw leading financial stocks including Wells Fargo and Goldman Sachs report earnings today. Which key stocks are we watching and ready to trade for Wednesday into Thursday? Corey covers key levels, option expected moves, and opportunities for your intraday and swing trading tactics for Netflix and other major stocks in tonight's video.
Earnings Season - Stocks Overbought
Earnings Season - Small Rally As Earnings Season Starts The stock market rallied slightly on Monday as this week starts earnings season unofficially. Technically, 24 firms have already reported results. But the main swath of earnings season is the in next 3 weeks. On Monday, S&P 500 was up 2 basis points which was a…
July Empire Fed Index Bounce Back
July Empire Fed Index - Big Rebound There was a major bounce back in the July Empire Fed Index. So, calling for a recession based on some sentiment reports from June was always a dubious proposition. Trade hurt sentiment. In some surveys, the early June trade spat between America and Mexico had a negative impact…
A Pairs Trade Emerges in these Major Indices
A light trading session today marks the start of earnings season though we have expectations of market Volatility picking back up as earnings go full swing. Several major banks will announcement this week but what has us entertained will be NFLX and MSFT later in the week. Finally, we will look in detail at a…
Another New Record High: S&P 500 Up 20.22% In 2019
Another New Record High - Big Friday Rally Caps Off Solid Week The stock market increased again with on Friday with Another New Record High as this spectacular year continued. S&P 500 was up 0.46%, Nasdaq was up 0.59%, and Russell 2000 was up 0.78%. S&P 500 is finally exiting the triple top area it…
Fed Ignores Inflation & Labor Market
Fed Ignores Inflation - Mixed June PPI Report It's an interesting market mix as Fed Ignores Inflation and the Labor Market Reports. Headline PPI inflation was 0.1% monthly. It met estimates and was the same as May. On a yearly basis, it was 1.7% which met estimates and fell from 1.8%. Inflation readings that include…
A Market of Bond Shocks and Gamma Squeezes
Markets closed this week at all time highs and Gamma is driving them higher; Don will show you precisely how this dynamic drives buying. We will also take a look at why bonds markets are ahead of the curve but dicey trade is highly likely in the days and weeks that follow. After all, we…
50 Basis Points - Will the Fed Cut Rates Soon?
50 Basis Points - Another Rally: 2019 Has Been Fantastic Will the Fed make the move to 50 Basis Points Rate Cuts soon? Large cap stocks rallied again on Thursday. S&P 500 was up 0.23% which puts its July gains at 1.98% and its year to date gains at 19.67%. VIX fell 0.77% to 12.93.…