Wall Street tumbles on global economic slowdown fears
Reuters-March 22, 2019 By Stephen Culp NEW YORK, March 22 (Reuters) – Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 […]
DOW
S&P Capital IQ Consensus estimates: reduced operating EPS for 2019
Not unexpectedly, the S&P 500 ran into resistance at its 200 DMA last week. However, that resistance yielded only a fractional trade lower. So brief and nascent was the trade […]
Market Uncertainty Ushers in 2019
As is often the case with equity markets, (and life in general) when it rains it pours. The uninterrupted stream of negative headlines, both political and economic, that have rained […]
The Specter of Knightian Uncertainties
As is the case with nearly all equity market strategists, I usually look at markets through the lens of quantifiable knowledge -corporate earnings, economic data and modeling, and historical trends. […]
“When our perils are past, shall our gratitude sleep?” Michel de Montaigne
Veteran’s Day: Dad died on November 2, 2000. Requiescat in pace. At the age of 19, he was a member of the 390th Bombardment Group of the 8th Air Force, […]
Stocks close out the first half on an underwhelming note
Dow Jones Industrial Average(^DJI) Last week, all three majors lost ground despite having the help of quarter-end window dressing. In fact, on Friday, though equity markets appeared poised to post […]
The first half of the year wraps this week with trade storm clouds on the horizon
Last week’s OPEC meeting provided for some interesting trading in energy markets, particularly on Friday. The production deal signed off on by OPEC on Friday allows for a nominal boost […]
U.S. Equities Not Out of The Woods Yet (2.0)
Last week’s note, sent to subscribers on Monday morning, was apparently quite aptly titled: US Equities Are Not Out of The Woods Yet. After posting a robust rally of 399 Dow […]
Inflection Point
Friday’s melt down by US equity markets capped off the worst weekly performance by all three major equity market indices in over a year. On Friday alone the S&P 500 […]
Can the budget showdown impact the markets?
Last week’s economic calendar continued to provide foundational support to the thesis that our economy’s growth is accelerating. Industrial Production for December came in at a stunning 0.9% versus Bloomberg […]