Inflation Misses Estimates
Inflation Misses Estimates - Core PCE Below 2% Target Inflation Misses Estimates - The all important June PCE report, which is chock full of useful economic data, was released Tuesday. In this article, I will look at the inflation section of the report. It is the most important part since the Fed is deciding whether…
Apple Beats But Is It Enough To Save The Nasdaq?
The monsters of tech waited for AAPL earnings and they were not disappointed. A stronger than expected earnings results has AAPL higher after hours, but within the expected move. Watch this video newsletter update for a sense of how the overall market is doing and what kind of trades you may want to pull the…
Tech Stocks Swoon, Led By FANG
Tech Stocks Swoon - Tech Leads Market Lower Tech Stocks Swoon - The stock market sold off on Monday like I expected because it reached overbought territory on Thursday. The S&P 500 was down 0.58%. The part of the selloff I was surprised by the was the big decline in the tech stocks as the Nasdaq…
German Markit PMI Hits A 5 Month High
Final July Regional Fed Manufacturing Report The Dallas Fed manufacturing report is the last of the regional Fed readings for July. This means we can make educated guesses on how the ISM manufacturing PMI will turn out. I expect it to be weaker than June, but still show strong growth. The Dallas general activity index…
Apple Earnings and the Fate of the Markets
Stocks sell off led down by the monsters of tech. The next key to the market is AAPL earnings. Watch this video newsletter update for trade ideas around APPL's earnings and what to expect from the rest of the market...
Stocks Correct Despite Strong Earnings
Stocks Fall After Getting Overbought The stock market fell on Friday as the S&P 500 was down 0.66%, the Russell 2000 was down 1.89%, and the Nasdaq was down 1.46%. Twitter and Intel were down 20.5% and 8.6% respectively which hurt the Nasdaq. The tech sector was the worst performer as it was down 1.99%;…
With Tech Rocked Here's The Trade For You
Stocks rocked by the tech sector. In this crucial weekend video newsletter update let's analyze some trading opportunities next week that may be right for you. Make sure you're on the right side of the market by watching this video...
S&P 500 Survives Facebook Crash Almost Unscathed
Facebook Craters In my article on Facebook’s earnings report, I said Facebook’s market cap loss was going to be historic if it didn’t rally sharply during Thursday’s trading session. It closed down 18.96% which means it lost about $114.5 billion in market cap in one day which is the largest loss in history. It’s remarkable…
July Looks like Another Strong Month: Q3 GDP Growth Could Be 3%
Slight Weakness In Flash PMI Tuesday’s reading of the flash PMI for July was encouraging for manufacturing, but the composite headline number missed estimates because of services. The composite reading was 55.9 which missed estimates for 56.3 and was below last month’s report of 56. The manufacturing PMI was 55.5 which beat estimates for 54.9…
Earnings & Expected Moves Set The Stage For Friday
Amazon AMZN reported earnings after the close as did Intel, Chipotle, Starbucks, Mastercard and others. In tonight's video we take a look at how the expected moves - in all these cases so far - contained the post-market volatility. We then note our reference levels for Friday's trades into these names and more….