Global Manufacturing PMI Falls To A 21 Month Low
Global Manufacturing PMI Falls Global Manufacturing PMI - Weakness in trade growth is expected. The JP Morgan global manufacturing PMI has been declining as you can see in the chart below. The input prices index has been elevated since mid-2017. New orders, headline PMI, and output have been declining since the winter of 2018. This…
We Have Been Waiting For This Trade
High flying tech stocks tank today as CEOs testify on the Hill. There is a trade opportunity we have been waiting for that's finally here. Watch this video newsletter to find out what that trade is and if it's right for you...
Amazon Hits A $1 Trillion Market Cap
Amazon Hits A $1 Trillion Market Cap Amazon - Even though stocks fell, Amazon became the 2nd firm to reach a $1 trillion market cap as its stock was up 1.33%. This stock has been on a one way trip up as it is up 10.38% in the past month. If Apple sells off after its…
ISM Manufacturing PMI - Best Since May 2004
ISM Manufacturing PMI - Markit PMI Shows Moderation ISM Manufacturing PMI - The August Markit manufacturing report showed slight weakness. It was overshadowed by the remarkably strong ISM PMI report which I will review later in this article. As you can see from the chart below, the Markit PMI was 54.7 which was down from 55.3 in…
Watch This Strong Sector!
In tonight's video we chart some of the strongest uptrending stocks in the XRT retail sector and note current and future price levels and opportunities on any pullbacks from current highs...
The Nasdaq Has Its Best August Since 2000
Nasdaq - Mixed Friday Market Nasdaq - The stock market was mixed on Friday as the Dow was down 9 basis points, the S&P 500 was up one basis point. The Nasdaq was up 0.26%, and the Russell 2000 was up 0.48%. VIX was down 4.95%. As you would expect with that type of action, the…
These Traders Control The Markets
In this crucial weekend video newsletter update we focus on the type of traders who are in control of this market. How they are in control and why they're doing it. Plus you don't want to miss where the opportunity is now...
Argentinian Peso Falls 45% Versus The Dollar This Year
Argentinian Peso - Argentina May Default Argentinian Peso - Emerging market stocks and currencies plummeted further even with the decline in the dollar. The MSCI emerging market equity ETF fell 2.66% on Thursday. One of the catalysts for the decline was the chaos in Argentina as its central bank hiked rates to 60%. The country’s…
Core PCE Inflation Increases To 2%
Core PCE Inflation - Personal Income Meets Estimates Core PCE Inflation - The July Personal Income and Outlays report was released on Thursday. This is the most important report I follow because it tells us about income growth, inflation, and consumer spending. The Fed follows core PCE inflation the closest which means if it accelerates,…
This Is Where The Stock Market Stands
In tonight's video we note where we are in the stock market, main sectors, and key commodity markets and what to watch as we start September. We're still planning for a small pullback against the new equity market highs and note key things to watch in this non-stop bull equity swing and we take a…