CNBC Closing Bell Today: Tony discusses the market sell-off and coronavirus
Watch as Tony discusses the market sell-off today on CNBC Closing Bell.
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Brief update into the swoon
I will be on CNBC’s “Closing Bell” today at 3:30pm EST to discuss the current correction and what our game plan is. As you know, corrections only feel “natural, normal,…
Read MoreIt’s good to be a trillion
Equities are taking a pretty good beating today. At mid-day the Dow Jones Industrial Avg. is down almost 400 points and 10 out of 11 S&P sectors are trading lower.
Read MoreEconomic: Inflation pressures still muted according to the PCE report
Personal Consumption Expenditures (PCE) and income and spending data was released this morning and it was pretty much in line with estimates.
Read MoreUncomfortably neutral with no edge
The combination of better-than-expected Q4/19 EPS, strong credit, and an easy Fed makes it hard to be overly negative, while the still overbought tactical condition and unknown macro impact from…
Read MoreRecent action reinforces our view
There day to day volatility reinforces our decision to pull in the horns when we downgraded our market view and took offense off the field. There is absolutely no edge…
Read MoreCredit indicators update
As the equity markets continue to undergo the correction process, we are closely monitoring credit conditions for an indication that a recession is looming on the horizon.
Read MoreEconomic: The U.S. economy expanded 2.1% in the fourth quarter
The advance reading for U.S. Gross Domestic Product (GDP) from the Commerce Department estimates the economy grew at a 2.1% pace in Q4, matching Q3/19 growth.
Read MoreMore Bears than Bulls in the AAII survey for the first time in 16 weeks
Bullish sentiment retreated from a 15-month high in the latest survey.
Read MoreEquity indices give back early gains
The four major indices all opened higher but were unable to hold on to the early gains and the S&P 500 Index (SPX) & Russell 2000 closed in the red…
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