Low Paid Workers Getting A Raise
A previous article mentioned how low skilled workers are seeing more income growth than middle skilled and highly skilled workers. The chart below shows this trend in a different light. As you can see, those making less than $17 an hour are seeing more income growth than those making over $25 an hour. Part of…
Calendar Spread Setup Coming For S&P500
All eyes were on AAPL today as the event didn't do anything to excite investors into the stock. In tonight's video market update let's take a look at calendar spread you can set up in the SPY...
Q3 Earnings Estimates Fall As Stocks Soar
Chinese Economy Driving U.S. Market FactSet released its updated aggregate quarterly earnings report. They broke down firms with a large amount of Asian exposure in the chart below. As you can see, the firms with over 40% of sales in Asia outperformed those who only have 20% exposure to Asia. The group with 20% of…
Hurricanes Shouldn’t Affect Fed Policy At Meeting Next Week
European Junk Bonds Are Expensive There is a noticeable difference between the European high yield debt market and U.S. treasuries. High yield debt no longer has a high yield in Europe and America as European junk bond yields are close to the AAA rated U.S. debt. That’s because of relentless ECB corporate bond buying which…
A Trade for the Upside as the Shell Game Continues
Stocks start the week exploding higher right to edge of the expected move. In tonight's video market update let's take a look at the shell game for stocks and a potential trade for tomorrow...
1990s Bubble But In Reverse
Update On ECB Bond Buying A new milestone is about to be reached in the ECB’s bond buying program. There have now been 998 bonds bought by the ECB. You can see the effects in the chart below. The BB rated euro high yield bond index is now at almost the same yield as the…
Markets Hit a Critical Juncture
Stocks end week at a critical juncture. In tonight's video market update let's take a look at all of the critical areas of the market coming at a crossroad. What stocks or sectors are going to hold this market together?
AAPL Sends The Nasdaq Lower
Apple Sells Off The stock market ended Friday mixed as the Nasdaq was the biggest sore spot, falling 0.59%. As I highlighted in previous articles, Apple usually falls right before the unveiling of its new phone. The 1.63% decline on Friday added to the Nasdaq’s woes. The stock is now down 3.30% off its all-time…
Debt Ceiling Eliminated?
Debt Ceiling Issue Over For The Time Being There was yet another twist in the debt ceiling debate as President Trump’s meeting with Nancy Pelosi and Chuck Schumer has led to an additional agreement. President Trump wants to eliminate the debt ceiling completely. This has been a talking point the progressives have used for years…
Financials Lead Lower
Stocks end flat as financials took it on the chin. In tonight's video market update let's take a long look at the financials leading us lower...