June Core CPI Beats Estimates
June Core CPI - Jobless Claims Fall Sharply Before getting into June Core CPI let's review the apparent uncertainty. It appears uncertainty is hurting the economy more than weak demand. We will see how far uncertainty can take us. But I don’t see it leading to a recession. If a recession was about to be…
Bond Auction Ignites Volatility
There was a 30 year bond auction today that tanked the bond market by more than a full point. This sent interest rates up and interest rate sensitive stocks like big tech lower. Financials went higher with the increase in interest rates. However, is this the first sign the bond market can no longer absorb…
S&P 500 Record High - Hits 3,000 For The First Time On Dovish Fed
S&P 500 Record High - New Record High For Stocks As Fed Turns Dovish Another record this week as the S&P 500 Record High turned heads. Interestingly, the market didn’t fall much when the odds for a 50 basis point cut fell from approximately 30% to very close to zero. Now the odds are back…
Powell Testimony & Fed Minutes Signal July Rate Cut
Powell Testimony - Dovish Press Conference Powell Testimony during the Fed minutes were highly Dovish in tone. Wednesday was a big day for the Fed. Powell testified before the House Financial Services Committee. Also, they released the June Minutes. Let’s start by looking at the testimony. It was completely wrong to say the market was…
These Key Stocks Join the Market at All Time Highs
Both the S&P 500 and NASDAQ broke to fresh new 2019 highs today. Which familiar stocks joined them? In tonight's video, Corey highlights how you can scan for these strongly trending stocks and what simple trading strategy may work best for these stocks in strong trends.
Stocks Await Fed Minutes Which Could Invert the Yield Curve
Stocks Await Fed Minutes - Mostly Flat Ahead Of Fed Minutes Stocks Await Fed Minutes and stay flat with anticipation. They have declined slightly from their record high. Mostly because they were overbought. And also because investors questioned how dovish the Fed would be after the solid jobs report. If I was a Fed member…
Small Businesses Become Increasingly Uncertain
Small Businesses - Consumer Credit Increases Small Businesses are starting to become uncertain as consumer credit increases. The consumer has deleveraged this cycle. So it's not bad thing if the consumer takes out more revolving credit. Even though its savings rate is low. As you can see from the chart below, consumer credit growth was…
Your Trading Plan for Key Bank Stocks Right Now
Like Technology stocks, key financials stocks including Goldman Sachs (GS) and Bank of America (BAC) are into overhead price resistance. In tonight's video, Corey compares leading financial stocks and highlights potential short-term trade ideas and price pathways for the near-term future. We'll be watching these levels closely over the next few weeks.
Apple Drives Frothy Market Lower
Apple Drives Market Lower On Monday Apple Drives the Dow, the Nasdaq, and the S&P 500 lower. But the Russell 2000 also fell, so that’s not the whole story. First let’s look at Apple. Apple stock fell 2.06% on Monday after an analyst from Rosenblatt stated the iPhone XS may end up being "one of…
June Labor Report Beats The Highest Estimates
June Labor Report - Job Creation Beats Estimates Interestingly, the June Labor Report actually be the highest estimates. Unlike many expected, the May labor report was revised to show 72,000 jobs created instead of 75,000 jobs created. April reading was revised down by 8,000. However, the June report showed 224,000 jobs created which beat estimates…