June Dow - Best Since 1938
June Dow - Amazing First Half Ends On A High Note June Dow is the best since 1938. Also, the best first half we've seen in many years ended on a high note. S&P 500 increased 0.58%, Nasdaq increased 0.48%. And Russell 2000 increased 1.29% on Friday. As you can see from the chart below,…
Core Inflation Stays Below Fed’s 2% Target
Core Inflation - May PCE Report Details In May, headline PCE Core Inflation was 0.2% monthly. That beat estimates for 0.1%, but was below April’s reading of 0.3%. On a yearly basis, PCE was 1.5% which beat estimates for 1.4%, but fell from 1.6% in April. The all important core PCE inflation rate was 0.2%…
China, Fed, Slowing Growth, and a Record Breaking Rally?
With the best first 6 months of the year in the books since 1997, it's still going to be all about the Fed, trade wars, and far reaching economic risks. How long will this rally last, and what opportunities may be in store? Watch this weekend report to find out...
Financials Rally After-hours As Banks Raise Their Dividends & Buybacks
Financials Rally - Stocks Finally Rally Financials Rally as we finally see the stock market rally. The 4 day decline wasn’t much of a losing streak. There was only bad day out of the four. The decline ended on Thursday. S&P 500 increased 0.38%. Unlike Wednesday, this time the gains were maintained. Nasdaq increased 0.73%…
Improved Pending Home Sales Helped By Very Low Rates
Improved Pending Home Sales - Core Durable Goods Orders Weak, but Not Declining Before getting into Improved Pending Home Sales, let's review Durable Goods. The economic surprise index has been cratering in America. But it’s barely negative in Europe. It’s at -68.1 in America and -0.3 in Europe. In America it’s falling because of disappointing…
Get Ready for the Breakout in Financial Stocks
We're seeing a lengthy consolidation in the XLF and most leading financial stocks which has led many traders to ignore these stocks for now. That may be a mistake as financial stocks are getting ready in the near-future to break out of the current sideways range and traders who are prepared for it stand a…
Stocks Await Results Of G20 Summit In Japan
Stocks Await Results - 4th Straight Decline Stocks Await Results of the G20 Summit. Saying stocks have declined 4 straight days sounds worse than it is. The market is only down 1.37% from its record high. A scary aspect for the bulls is the market has peaked at around the same level 4 times now. Yes,…
Weak New Homes Sales & Case Shiller Price Growth
Weak New Home Sales - March 2020 Recession Signal Weak New Home Sales may signal a recession. The May new home sales report wasn’t good. A negative revision to the March reading means the cycle high was November 2017. You can see this from the chart below. Median new home sales peak occurs 28 months…
Get Your Risk Wrapped Tight
Markets are a tweeter happy danger fest and your capital is on the line... get your risk wrapped tight in these binary times! Don will detail where a few edges may exist and the anticipated next move for the financials...
Stocks Fall On Hawkish Fed Comments & Weak Consumer Sentiment
Stocks Fall on Hawkish Fed - Big Tuesday Decline Let's discuss Stocks Fall on Hawkish Fed. The stock market fell sharply on Tuesday. Partially because of the weak consumer confidence report. And partially because Bullard was less dovish. It’s surprising stocks weren’t down more when you consider how high they are and how bad the…