3 Month Debt Ceiling Increase
Trump-Pelosi-Schumer Deal On Wednesday, the stock market rallied slightly lowering the possibility of the first 3% selloff of the year occurring this week. Those who described the selloff on Tuesday as devastating because it was the worst day since August 17th look silly because a normal day wiped half of it away as the S&P…
Cohn Is Out Of The Running To Be The Next Fed Chair
Auto Sales Weak In Beige Book The Fed’s Beige Book report was released Wednesday. That’s where the Fed gives its update on how it sees the economy now and where it might be going in the future. The key term was that there is modest to moderate growth which Steve Liesman says means 2% growth.…
Volatility Futures Refuse to Back Down
Stocks rebound slightly today, but the game of hot potato continues with today's winner being FB holding the overall market higher. In tonight's video market update we look at the risks in the financial sector and what volatility futures are foretelling. Watch now and don't miss out...
Q3 Earnings Estimates Fall – Debt Ceiling Issue In Focus
Only 4.9% YoY Earnings Growth Expected In Q3 The FactSet weekly earnings presentations resumed this week. As you can see from the chart below, the finalized metrics from the Q2 earnings season show there was a negative bias to every type of report which meant even firms that beat estimates fell. This action was reversed…
Stocks Sell-Off As Irma Looms
The stock market had a minor move lower on Tuesday in the first day back from the Labor Day weekend. This is the start of the weakest month of the year. For some reason, the North Korean threat is now being considered an issue again even though the market ignored the missile launch by trading…
SPY Expected Move Fade Trade
Traders come back from Labor Day weekend hitting the sell button. In tonight's video market update we look at the SPY weekly expected move being hit on the downside on the first trading day of the week. Watch the video for a timely trade set up you can put on tomorrow morning...
ISM Manufacturing Report Signals 4.9% GDP Growth
In previous articles, we’ve discussed how emerging markets are outperforming America after several years of underperformance. Emerging markets usually have a lower PE multiple than America and developed markets because their capital markets aren’t as trusted and their political systems are more uncertain. Lately, there has been a silly narrative that because President Trump appears…
35% Chance Of A Debt Ceiling Crisis
Debt Ceiling Resolved Soon? Goldman Sachs lowered its odds of a government shutdown, caused by the debt ceiling not being raised, from 50% to 35%. These numbers are somewhat arbitrary because there’s no way of knowing the precise odds of a shutdown. This situation is like when analysts come up with price targets which include…
The Rally, the Risk, and Realism that Prevails
The nasdaq hits all time highs in a ripping rally this past week, but AAPL displays heavy risk as indicated by the elevated implied volatility. You will want to watch this crucial Labor Day weekend video market update to find out the best trade opportunities for next week. Watch now and don't miss out... Plus…
Stocks Have A Great Week Despite Subpar Labor Report
Great Week For Stocks The main reason investors have been cautious heading into this week was because of the potential for a North Korean flare up. It turned out that the market decided to ignore the North Korean risk as the last week before Labor Day, when most people go on vacation, was fantastic. The…