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 MoreMarket Musings & Economic Commentary
Tony will use his 30+ years of market experience to guide you throughout the trading day.
It’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 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 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…
Read MoreFed leaves rates unchanged
At today’s FOMC meeting, on top of not changing the Fed Fund’s target range, we would like to point out the following: The meeting statement contained very few changes…
Read MoreInvestors Intelligence chart
Tony commented on the drop in bullish newsletter writer sentiment in this morning’s post. But for those who would like to see a chart of the data, we have posted…
Read MoreEconomic: Pending home sales post a big decline in December
After weaker than expected new home sales data was reported on Monday, today we got weaker pending home sales data as well.
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