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The memories of the stock market correction that took place during the fourth quarter of 2018 had just about faded into the market's rearview mirror as the indices reached new all-time highs in late April. It took four months for the stock market to make back all of its losses, and the price a...
In the latest edition of Bank of America's closely-watched Global Fund Manager survey, the number one tail risk is "trade war". "That's no surprise given the survey was taken May 3rd-9th, but trade war concerns are well below levels seen last summer," the bank's Michael Hartnett wrote this w...
Market Review & Update Over the last several weeks, we have been discussing the potential for a market correction simply due to divergences in the technical indicators which suggested near-term market risk outweighed the reward. Then, the White House reignited the "trade war" with Chin...
This blog post on the credit markets on May 5th gave the first reference to the S&P 500 being flat over the last 18 months. Let's flush out the numbers a little further: 1/26/18 high tick: 2,872.87 9/21/18 high tick: 2.940.91 5/1/19 high tick: 2,954.13 5/...
Despite the market volatility this week, with the S&P 500 falling 2.4% on Monday, May 13th, after President Trump's China tariff tweet, the 2019 and 2020 "bottom-up" EPS estimate "rate of change" again improved, for the second consecutive week. Here is what the data looks like: As read...
International Economic Data of Note China/Japan/Australia Japan LEI: 96.3; CEI 99.6: these have trended lower over the last 12 months Exports -.8% M/M China Service sector growth 7.4% Industrial Production +5.4% Retail sales +7.2% Fixed Asset Investment ...
US stocks logged their biggest three-day gain in months through Thursday, thanks in no small part to the monetization of hedges and profit-taking on long vol. trades. But if you're searching for evidence of lingering trade jitters, look no further than the following visual. (Heisenberg, c...
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha Read more ...
By Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending May 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 16,000 from the previous week's unrevised level of 228,000. The 4-week moving average was 225,000...
Tariff headlines have taken a front seat in the past couple of weeks, leading stocks to see their worst declines of the year. Not surprisingly, sentiment has begun to reflect price action. One week after coming in at its highest level since October (around the time the S&P 500 hit its prev...