Italian Political Risk Causes U.S. Treasury Buying
Huge Day For The Political Headlines Tuesday wasn’t a great day for investors who are only focused on the fundamentals of the American economy and earnings as political risk was the star of the show as 3 major news events occurred today which affected the markets. First, the Italian President rejected the economic minister proposed…
18.17% Earnings Growth Expected In Q2 2018
Great Q1 Earnings: Potential Headwinds Q1 2018 earnings growth was 24.68%. As I have documented for the past few weeks, this quarter has been unlike the historical average as growth estimates improved dramatically and the heightened expectations were beat. EPS estimates were raised heading into this quarter for the first time in 7 years. Therefore,…
Italian Uncertainty: When In Doubt, Palms Out
Stocks rocked by uncertainty out of the EU. In this crucial video newsletter update we focus on the key level for the market that will set the tone for months ahead. You may want to watch this video newsletter update right now to so you're not blind sided in next weeks ahead...
Oil Down 4%, Dollar Hits 6 Month High
Oil Crashes On Friday The stock market sold off modestly on Friday as the S&P 500 was down 0.24% and the Nasdaq was up 0.13%. The oil market was hit hard as WTI oil fell 4% to $67.88. This was based on reports that OPEC and non-OPEC nations could increase supply. That was WTI’s worst…
Emerging Markets in Chaos Present Phenomenal Opportunity
US Stocks quiet before the Memorial Day Weekend. However, international markets are presenting huge opportunity for those who know where to look. In this crucial weekend video newsletter update find out what to expect in next week's market and find out which emerging markets you may want to watch...
May Was A Great Month For The U.S. Economy
Very Strong Kansas City Manufacturing Report Across the board, manufacturing has been strong according to the regional Fed manufacturing indexes. As you can see, in the chart below, they have all turned up. The most recent report is from the Kansas City Fed. Its index was 29 which was above the highest estimate of 25,…
Stocks Fall As North Korean Summit Was Canceled
President Trump Kim Summit Nixed The North Korean negotiations with America before the summit were more important than the actual summit. Getting the details in order about how the meeting will be secured and what will be discussed are far more important than the actual meeting. This isn’t like a business deal where real negotiations…
Scan and Plan for Today’s Range and the Future Breakout
Stocks sell off this morning on the news that President Trump canceled the meeting with North Korea. However, stocks recouped most of the loses by the close. In tonight's video newsletter we look at stocks that are break out candidates...
Stocks Rally After Fed Minutes
Target Reports Weak Results The stock market was down slightly on Wednesday morning as Target’s poor earnings results hurt market sentiment. The market rebounded to close positive after the Fed’s Minutes. The S&P 500 was up 0.32% and the Nasdaq was up 0.64%. I think it’s relevant to look into Target’s numbers because I’m focused…
Faulty Indicators Which Should Be Ignored
Delinquencies Versus Jobless Claims The charts below are interesting, but I think they ultimately provide a falsely negative result. I’ve never seen the delinquency rates being compared to the initial jobless claims, so I think it’s worth taking a look at this. The problem with this calculation is that the jobless claims have been extremely…