Rally Back? Bonds Tell a Different Story
Stocks rebounded on Friday trimming some more of Wednesday's losses. The S&P once again settled within the expected move of the week exactly like every single week in 2017. This is why in each extended weekend edition we have told you about these crucial levels. Watch this weekend's special edition video market update to find…
Bullard Calls For Only One More Rate Hike In 2017
The stock market rallied on Friday again as most of the Wednesday weakness has been reversed. It’s possible that the issuance of a special prosecutor to look into the Russian interference in the 2016 presidential election calmed the markets down. It’s also possible that the market was simply due for some volatility and finally got…
Most Fund Managers Seem to Think Stocks Are Expensive
Either the stock market’s action has become irrational or the financial press has made an error with describing the market’s action on Thursday. The headline is that a two-week-old video where James Comey said Trump didn’t obstruct the FBI’s investigations caused the rally. I’m not making a comment on the political implications of this, but…
Shot Over the Bow?
Stocks rebounded today trimming some of yesterday's losses. Bonds remained flat though - a sign that the scared money that fled to Bonds yesterday is not ready to jump back into stocks just like that. Yesterday's sell off is what we call the "shot over the bow" by the bears. In tonight's video let's look…
Stock Market Has a Terrible Wednesday
On Wednesday, the stock market had its worst down day since September 2016. Many headlines claimed the stock market fell because of political controversies involving the firing of FBI director James Comey, but I’m skeptical of that conclusion because the market has ignored this story for days. In Monday’sarticle, I predicted that the VIX would…
Lending Standards Tightening
There was so much information given in the NY Fed’s household debt and credit report, I will add some more analysis of the report in this article. One of the most interesting findings of the report was that credit card loans which are considered seriously delinquent increased. The percentage of credit card loans considered to…
Love Your Risk or Get Out Now
Stocks rocked today as political turmoil sent the S&P down 1.7% and the Nasdaq down more than 2.5%. The largest move lower for stocks in nearly 2 months sent volatility screaming higher. In tonight's video let's take a closer look at the sudden volatility and what it means for your trading...
Household Debt Reaches A New Record
The NY Fed updated the household debt statistics reflecting Q1 numbers. The total household debt reached a new record high. Total debt rose $149 billion to $12.73 trillion which is $50 billion higher than the previous record high in Q3 2008. There’s two things to keep in mind when reviewing this headline metric. The first…
Stocks Barely Move In Weeks
The stock market action has almost been nonexistent in the past few weeks. There has been many important economic reports and political stories swirling, but the movement has become minuscule. The movement is so small, it’s probably the biggest story of the year. There’s quite a few shocking charts I will show in this article…
Winners Concentrated in Only a Few Stocks
Stocks drift sideways today as the Nasdaq 100 continues to move higher because of only a few stocks. In tonight's video we look at those few winners and the overall market structure. Watch tonight's video to prepare yourself for what's next...