Worst Month For Retail Stocks Since November 2008
Tariff Fears Push Stocks Even Lower President Trump’s new 5% tariff on Mexican exports caused stocks to crater on Friday. To be clear, tariffs aren’t the only catalyst of this recent swoon in stocks. Stocks are falling because earnings estimates and economic reports have been putrid. That being said, worries about the trade wars are…
ECRI Leading Index Suggests Economic Malaise To Continue
Slight Improvement In Richmond Fed Manufacturing Index The May Richmond Fed manufacturing index increased slightly from 3 to 5. That missed estimates for 6, but considering the weak results from the Dallas Fed and Kansas City Fed, this shouldn’t be a disappointment. As you can see from the chart below, the 3 month moving average…
A Summer Filled with Volatility?
May 2019 is in the books and Summer Trade is upon us. However, this year the gift of volatility has been bestowed upon us in what is typically the summer doldrums. We will explore why volatility is likely to resonate throughout the summer months but more importantly where you might want to position yourself to…
President Trump Issues New Tariffs On Mexico
Negative Evening Trade News Ruins Thursday Rally The stock market increased slightly on Thursday, but that doesn’t matter much because President Trump tweeted he will add a tariffs to Mexican imports. Trump’s tweets are getting more erratic by the day, making it so no investor is safe from the carnage. I thought the main issue…
Very Strong May Consumer Confidence Reading
Consumers Might Actually Be Confident In previous articles, I mentioned that consumer confidence might wane because of the newly enacted tariffs and the stock market correction. Consumer confidence is highly impacted by the stock market. That being said, a 5.5% decline isn’t a huge deal since consumers don’t follow stocks every day. My assertion might…
Financials Feeling the Wrath of Bonds!
Markets are sitting directly on the edge of the SPX weekly Expected Move with financials breaking down. Probability states we stay inside the range if markets break lower, pandora's box of volatility will crack wide open! Here's what to look at in the days to come….
Chinese Newspaper Warns America Causing Stocks To Fall Again
Chinese Newspaper - Another Decline On Wednesday After a Chinese Newspaper issued a warning, stocks took a dive. S&P 500 has now had its first 5% decline of the year as it fell 0.69% on Wednesday. It is down 5.5% since April 30th. That pushed the CNN fear and greed index down another 2 points…
Housing Price Growth Falls Again In March
Housing Price Growth - Home Price Growth Falls: Case Shiller Housing Price Growth has taken a hit. As you can see from the chart below, the home price index’s growth rate has been plummeting in the past 6 months. Even though the last recession ended in 2009, it took a few years for the housing market…
Turbulent Markets Providing Ample Opportunity!
In today’s video, Don talks about how a turbulent market can provide significant opportunity through the anticipation of movement and how the option market can depict risk moving forward. Don also discusses that, in our current situation, it pays to read into the volatility futures. Opportunity also exists on an intraday basis by taking advantage…
Stock Market Reversal - Big As Recession Fears Increase
Stock Market Reversal - Big Reversal On Tuesday There was a major Stock Market Reversal on Tuesday. The stock market started the week oversold. This explains why the S&P 500 opened the trading session positive on Tuesday. CNN fear and greed index started the day at 27 which is fear. However, the market fell throughout the day because…