Investors Bullish On Treasuries - Most Since Summer Of 2016
Investors Bullish - Another Decline Investors Bullish - The stock market fell for the 2nd straight day on Thursday. S&P 500 was down 0.21% and Nasdaq fell 0.16%. On the other hand, Russell 2000 rose 0.4% and VIX fell 2.57% to 14.42. Headlines blamed the decline on Powell’s hawkish stance. If a selloff of about 1% off the…
No Rate Cuts - Fed Is Unanimous
No Rate Cuts - Earnings Season Is Almost Over No Rate Cuts - Earnings season isn’t completely over and the rate of change of analysts’ estimates always matters. However, now that most firms have reported their Q1 results, investors’ focus will shift to economic reports. To be clear, it’s great that earnings estimates were beaten by a…
Sell in May and Go Away in 2019?
Now that it's May, is it time to use the old Wall Street wisdom of "sell in May and go away?" Corey takes a quick look at how this wisdom would have worked over the last few years and what might be special or unique about 2019. Check out tonight's video for updated level-planning and…
Hawkish Fed - Stocks Fall in Reaction
Hawkish Fed - Stocks Fall As Fed Won’t Cut Rates Stocks now must stand on their own because the Fed won’t support them with rate cuts. This isn’t necessarily a bad thing because earnings season has been solid and the ECRI leading index implies growth will improve later this year. Atlanta Fed’s first few Nowcasts…
Fed Did Not Change Rates As Expected
Fed Did Not Change - Doesn't Hike Rates In a surprise to almost nobody, the Fed didn’t hike or cut rates at its meeting on May 1st. However, I don’t see the Fed cutting rates this year and the market does. As a result of the Fed decision and statement, the Fed funds futures market…
The Fed Flips (again) and the Market Dips…
Stocks dip lower after the FOMC announcement as the focus turns to one line added to the Fed statement. Watch this video newsletter update to find out the one key line and what it means for the stock market. Plus, this turn of events provides us with this opportunity...
Apple Revenues Fall, But Its Stock Rallies
Apple Revenues Fall - Yet Soars After Hours On Earnings Beat Apple beat estimates on the top and bottom line which means Alphabet is the lone loser out of big internet firms this earnings season. Heading into earnings season, I was very interested to see how their stocks would react to their results given their amazing…
Q1 GDP Growth Was Weak, Despite Great Headline Number
Q1 GDP Growth - Leading Index Improves ECRI leading index at the start of the year implied Q2 and Q3 would be terrible quarters for the economy. Now the index is showing signs of green shoots. As you can see in the chart below, the year over year growth rate improved to 1.4% in the week of…
What These Sectors Say About All Time Highs?
What message are the nine major sectors saying about the current market? Also, which sectors are strongest with equities at all-time highs and which are weakest? We can find trading opportunities in strong and weak sectors and listen to the message the "big funds" are sending us through their money movement in key sectors right…
Alphabet Stock Craters On Revenue Miss
Alphabet Stock - Misses Revenue Estimates Big tech firms had all reported solid earnings up until Alphabet reported on Monday. Netflix, Microsoft, Amazon, and Facebook have all been flying high. Alphabet ruined the streak as the company reported revenues of $36.34 billion which missed estimates for $37.33 billion. This miss sent its stock down 7.31% after…