PPI-FD Falls The Most Since August 2016
PPI-FD - Q4 Will Be Solid, While Q1 Growth Is Unpredictable It’s interesting to see the dichotomy between Q4 2018 GDP growth and Q1 2019 growth. Q4 2018 seems like an easy to predict quarter while Q1 2019 looks like a mess because of the government shutdown. As you can see from the table below, the estimates…
Financials, XLF, and Earnings. What's Next?
With leading financial stocks JP Morgan (JPM) and Wells Fargo reporting today, we turn our focus to Goldman Sachs (GS), Bank of America (BAC) and others for what to expect next and how we might play them. Corey updates the key levels to watch, expectations, open trade management levels, and provides general guidance on the…
Global Recession - 92.11% Chance We’re In One
Global Recession - Stocks Fall Slightly The stock market fell slightly on Monday as the S&P 500 fell 0.34%, the Nasdaq fell 0.94%, and the Russell 2000 fell 1.01%. I consider this a healthy decline because it’s much softer than the violent action in December. The market was overbought heading into this 2 day decline.…
CFOs and Forecasters Differ On 2019 Recession
CFOs and Forecasters - Ignore Them & Most Of The Financial Press It’s interesting how forecasts for recessions work. Every time there is a volatile market or economic data weakens, the media asks a perma bear, who has been predicting doom for years, to do an interview. The bearish prognosticator states the bearish case with…
Let the Earnings Trades Begin
Is this the calm before the storm? Markets have seen volatile price action the last few months and then suddenly quiet right before earnings season. In this video newsletter we look at key earnings announcements and the kind of trades you can take during earnings season...
Longest Government Shutdown Ever To Hurt Q1 GDP Growth
Longest Government Shutdown - Winning Streak Ends, But Stocks Had A Good Week The S&P 500 was down 1 basis point on Friday, so it ended its 5 day winning streak. That's a great performance because the market rebounded from where it was earlier in the day and is overbought. Nasdaq fell 0.21% and the…
In Fed We Trust
All that seems to matters to this market is the Fed. Next week starts earnings season with GS and the government shut down will be the longest in history. What trades make sense for next week? Watch this video to find out...
Government Shutdown Causes Q1 GDP Growth Estimates To Fall
Government Shutdown - 5 Day Winning Streak The stock market is on fire as the S&P 500 is on a 5 day winning streak. It was up 0.45% on Thursday. The 14 day RSI has gone from below 20 on December 24th to 52.08. It’s on its way to signaling the market is overbought. CNN fear and…
Jobless Claims Fall To 216,000: Signaling Strong Labor Market
Jobless Claims - Inflation Expectations In November, I started discussing how the Fed didn’t need to hike rates in December or in 2019 because inflation was cratering. Now is a great time to be a worker because inflation is falling and wage growth is rising. The labor market is filling up which means many people…
Here's What To Expect Next
Will stocks retrace next week as logic suggests? And with it will Oil fall and bonds rally? Corey takes a quick look at the four main markets including /ES futures, Gold, Crude Oil, and the US Treasury Note for what to expect next week and what levels serve as good pivot points and possible targets…