Markets Wait for China’s Retaliation
Stocks mostly flat today as markets wait for China's move in the trade wars which is expected sometime over the long weekend. In this crucial video newsletter update we look at a trade idea that most people aren't looking at that could take advantage of a potential retaliatory action by the Chinese government. Watch the…
Stocks Rally Despite Lack Of Progress On Trade War
Stocks Rally - President Trump Lifts Tariffs On Canada & Mexico Before getting into what caused the stocks rally, let's review what's going on in the trade war. In a tweet on Sunday, President Trump stated he would be lifting the steel and aluminum tariffs of 25% and 10% on Canada and Mexico. In turn,…
Tariffs Hurt Retail Sales & Existing Home Sales Miss Estimates
Tariffs Hurt Retail Sales - Redbook Sales Growth Falls Before getting into how tariffs hurt retail sales, let's review Redbook. Every Redbook same store sales growth report is interesting for a different reason. Latest result is interesting because it includes how the consumer reacted to new tariffs being announced. Most consumers aren’t experts on tariffs, but…
What to Watch for the Rest of the Week
With markets consolidating ahead of a future breakout yet to come, Corey walks you through the key set-ups and levels in play and what targets are likely when the breakout from midpoint levels occurs. Corey covers all US Equity indexes, Gold, Crude Oil, and Bonds in tonight's video..
Semiconductors Hurt by Trade War
Semiconductors - Trade War Worries Continue Semiconductors -The tech sector underperformed on Monday because of the fallout from the Commerce Department putting Huawei on its entity list. That prevents Huawei from buying American made parts and components. Blacklisting Huawei will have such a severe impact on American firms. Therefore, the government is trying to scale this…
U.S. Economy Inching Closer To A Recession?
U.S. Economy - What Caused The Consumer’s Uncertainty? U.S. Economy and Consumer Uncertainty reach an impasse. Preliminary May consumer sentiment reading and the expectations index hit a 15 year high. Both will likely come down when the final reading is released because of the newly implemented tariffs. The chart below reviews why consumer spending fell earlier…
This is the Key to Today’s Market
Stocks sell off mildly today as trade wars make investors nervous in tech stocks that rely on Chinese manufacturing. However, in this crucial video newsletter update we look at the real key to this market and the opportunities for the rest of the week...
Trade Fears - Standoffish China Sends Stocks Lower
Trade Fears - Stocks Decline Friday Trade Fears - The stock market had no business increasing on Friday since the latest news on trade is China isn’t ready to negotiate with America. That’s not a big surprise because they wanted to change what was already agreed upon and Trump held firm. Stalled trade talks are…
Leading Indicators Aren’t Optimistic
Leading Indicators - ECRI Leading Growth Falls Leading Indicators - This Friday was the one time per month we get an update on both the ECRI leading index and the Conference Board leading index. To be clear, the ECRI leading index is weekly and the Conference Board index comes out with data on the prior…
Bonds Have Set the Stage for This Next Move
A volatile week ends almost where it started. Investors jockey to position themselves for the next move. The options market still is not pricing in the real risk. In this crucial weekend video newsletter we look at the potential next move in the market and which stocks to trade to capitalize on the opportunity..