Economic: New home sales slowed in December
New home sales slowed for the third month in December.
Read MoreEarly weakness
Stocks are extending Friday’s declines with heavy selling pressure in early trading. As of 10:15am, the S&P 500 Index (SPX) is down -1.5% and down -2.5% from the Jan. 17th…
Read MoreMonday tactical indicators update
It was a week in which the S&P 500 Index (SPX) and Nasdaq Comp set new highs, but coronavirus fears on Friday drove stocks lower and the four major indices…
Read MoreA bad end to a not so good week
The Wuhan coronavirus continues to weigh on investors’ minds. The Dow Jones Industrial Avg., S&P 500 Index (SPX), Nasdaq Comp. and Russell 2000 all closed lower for the day and…
Read MoreEconomic: IHS Markit PMIs mixed in January
At 9:45am, IHS Markit reported preliminary data for the U.S. that showed improvement in services but a further decline in manufacturing PMIs.
Read MoreSPX climbs back from early losses
Chinese officials took further steps to limit the spread of the deadly Wuhan coronavirus, but investors still remain wary of a possible pandemic and the potential impact to global growth.
Read MoreEconomic: Leading Index below estimates in December
The U.S. Leading Economic Index (LEI) was reported at 10am and it showed a decline in four out of the last 5 months in 2019.
Read MoreIndividual investors turn the most bullish in 15 months
Similar to newsletter writers, individual investors are also the most bullish since the first week of October 2018.
Read MoreMorning thought following client visits
I spent yesterday visiting with clients in Connecticut. I had one meeting in particular that surprised me. I last met with this one client early last year and they wanted…
Read MoreIndices close mixed
The S&P 500 Index (SPX) and Nasdaq Comp. both rose to record intraday highs shortly after the open on hopes that China will be able to contain the spread of…
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