Real fear taking hold – sticking to our playbook
The Covid-19 has now moved into full blown panic in the market. The S&P 500 (SPX) opened down 10% from the recent record high in just a week, representing one…
Read MoreMacro & Economic
Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
Economic: New home sales highest in over 12 years
The Commerce Department reported that new home sales kicked off 2020 on a very strong note.
Read MorePost whoosh pop and drop
The S&P 500 (SPX) has dropped 6.28% over the past two sessions alone (Figure 1). This was the first 6% decline over a two-day period since the 6.13% drop in…
Read MoreStill too early for offense
The correction in the markets over the past month that was masked by the mega-cap Info Tech stocks finally caught up the major market indices yesterday.
Read MoreThursday credit indicators update
Our weekly check of credit conditions still suggests there are no signs of stress in the credit markets which reinforces or view that any correction should be bought.
Read MoreEconomic: Another blowout Philly Fed
On the heels of Tuesday’s much stronger Empire State Manufacturing Index, today the Philadelphia Federal Reserve reported another big increase in its monthly manufacturing business outlook.
Read MoreEconomic: Another month of strong Housing Starts and Building Permits data
After new-home construction data ended 2019 at a cycle high, the data for January continued to suggest the housing market remains healthy.
Read MoreEconomic: Much better Empire State manufacturing
The Federal Reserve Bank of NY reported a big increase in the Empire State Manufacturing Index this morning.
Read MoreWeekly credit indicators update
Our weekly check of credit reinforces our view that any correction should be bought. Remember, recessions happen when companies need money and don’t have access to it or can’t afford…
Read MoreHump day market macro view w/ something new on radar
There is so much commentary coming from both the bulls and the bears that appears very compelling. The bulls would argue the Coronavirus statistics are peaking, while the bears would…
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