Market Brief – Monday 11/26/18

Cyber Monday came early to the stock market, as the major indices quickly reversed all losses going back to Tuesday of last week. Investors are hopeful the Fed will become dovish, the trade skirmish with China will end at the G-20 meeting and that OPEC will cut production. Stock prices shot higher on above-average trading … Read more

Market Brief – Friday 11/23/18

Black Friday came to the stock market as investors eagerly bought stocks in early trading, but by market close, all major indices except for the Russell 2000 closed lower. Treasury yields fell to a prior area of support and the short-sellers defended on very weak volume. Eurozone flash PMIs are showing signs that the Eurozone … Read more

Market Brief – Wednesday 11/21/18

Durable Goods orders fell -4.4% MoM, but when stripping out the volatile defense spending, orders were up +0.1% MoM. Crude oil inventories came in higher-than-expected at with a +4.85-million-barrel build. With refinery maintenance season ending, many believe the inventory levels will fall. U.S. production remains at record high levels. The final data from October’s University … Read more

Market Brief – Tuesday 11/20/18

The margin calls went out early this morning as Futures and Forex (currency) traders got hit with delinquency notices. An insider reported that traders were selling their winners to buy their losers. Should stocks fail to rally, retail investors will get hit with margin calls tonight. Housing starts increased 1.5% MoM after September’s starts were … Read more

Market Brief – Friday 11/16/18

With third-quarter earnings season coming to an end, corporations have been warning about slower sales, lower earnings, and rising inventory levels. Investors don’t seem to be deterred by this information, as they continue to buy stocks every morning as if the corporations will be wrong. With the holiday season fast approaching and the growth rate … Read more

Market Brief – Wednesday 11/14/18

Despite massive money-printing efforts, Japan’s economy contracted last quarter. Following suit, Germany’s economy also contracted despite heavy support from the European Central Bank. This is further evidence that central banks cannot “print” their way out of weak economic growth. Stocks started their day higher after the latest Consumer Price Index data was released that showed … Read more