Waiting for rally requirement indicators but expect reflex rally
The Fed raised rates for the ninth time, only lowered expectations for 2019 hikes from three to two, and did not adopt a more dovish tone in its press release.…
Read MoreThe Fed raised rates for the ninth time, only lowered expectations for 2019 hikes from three to two, and did not adopt a more dovish tone in its press release.…
Read MoreAfter a better than expected Housing Starts report yesterday, Existing Home sales also beat estimates.
Read MoreDespite the deterioration in homebuilder confidence yesterday, the Commerce Department reported better than expected housing data today.
Read MoreFollowing a weaker than expect NAHB report on Monday, Tuesday we see more data on the housing market with the release of November Housing Starts. However, given the 2% drop…
Read MoreThe National Association of Homebuilders (NAHB) Index showed builders are much less optimistic about housing market conditions than they were earlier in the year.
Read MoreHistorical analysis of the mid-1990s suggests 2019 is all about a change in Fed perceptions vs. slowing growth and trade tensions. The market has been in the intermediate-term bottoming process…
Read MoreThe advance retail sales data showed spending remained healthy in November.
Read MoreThe Department of Labor reported Initial Jobless Claims declined for the second week. Those filling initial claims dropped to 206k, below estimates of 226k. There was an increase in those…
Read MoreHighlights This equity market correction has now reached the magnitude of some, but not all, of the other major corrections of this bull market Credit flows have again temporarily stopped…
Read MoreThe Consumer Price Index data (CPI) released today from the Bureau of Labor Statistics was in line with expectations across the board.
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