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Dow Hits Record High, Small Caps Crushed, BTPs Battered, & Bullion Bid

Dow Hits Record High, Small Caps Crushed, BTPs Battered, & Bullion Bid

China remains closed for Golden Week but offshore yuan was extremely active overnight, flash-crashing below key support and back…   And the China ETF was slammed down over 2% today…   Another odd day in Italian stocks – yesterday they were panic bid and slumped to unch, today panic sold and bid to unch..   […]
Bearish Swing-Trading Watch-List For This Week

Bearish Swing-Trading Watch-List For This Week

The bulls are right on the cusp of new all-time highs on SPX But the breadth divergence is the worst I’ve seen in a very, very long time.  As I have mentioned on a near daily basis, something is certainly off with this market. Most stocks are not rallying higher, and almost 62% of them […]
Market Remains Overvalued – Tuesday, Oct. 2

Market Remains Overvalued – Tuesday, Oct. 2

Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
“The Fed Could Be Hiking Us Into A Recession, … “

“The Fed Could Be Hiking Us Into A Recession, … “

Federal Reserve bank of the United States  “The Fed could be hiking us into a recession, investor Peter Boockvar warns.” This headline appeared Saturday (9/29) on CNBC’s website. Are You Scared Yet?  You probably shouldn’t be. First of all, if you look at the interview, it is hardly a full-blown warning of imminent disaster from Boockvar, though the […]
U.S. Trade Deal With Canada

U.S. Trade Deal With Canada

Last Friday, it looked unlikely that America and Canada would reach the September 30th deadline to make a trade deal. But it happened on Sunday night. The action on Monday makes perfect sense as the Dow increased 0.73% and the Russell 2000 fell 1.39%. America and Canada came close to their previous deadline. These negotiations were […]
Trade Deal – U.S. Makes A Trade Deal With Canada

Trade Deal – U.S. Makes A Trade Deal With Canada

Last Friday, it looked unlikely that America and Canada would reach the September 30th deadline to make a trade deal. But it happened on Sunday night. The action on Monday makes perfect sense as the Dow increased 0.73% and the Russell 2000 fell 1.39%. America and Canada came close to their previous deadline. These negotiations were […]
September U.S. Auto Sales Plunge, Most OEMs Miss Pessimistic Estimates

September U.S. Auto Sales Plunge, Most OEMs Miss Pessimistic Estimates

In line with the preview published here last week, auto sales numbers for September are in and, as expected, it has been an extremely ugly month for car makers. Results from Ford, Honda, Nissan, Toyota and Fiat all tell the story of an industry that had a terrible month, with few silver linings. Three of these […]
Amazon Ups Minimum Wage To $15 For All Employees Starting Nov 1

Amazon Ups Minimum Wage To $15 For All Employees Starting Nov 1

Amazon unilaterally upped its minimum wage, even for part-time workers. Now it wants every company to do the same. Starting November 1, Amazon to Raise Its Minimum U.S. Wage to $15 an Hour. The new minimum wage covers more than 250,000 current employees and 100,000 seasonal holiday employees. The new salary increase will also cover part-time […]
ISM Manufacturing Index Gains For 113th Month: 4 Top Picks

ISM Manufacturing Index Gains For 113th Month: 4 Top Picks

Per the latest report from the Institute for Supply Management (ISM), its manufacturing index, for the month of September, increased for the 113th month on the trot. Such an increase was achieved on the back of robust demand. Despite trade war remaining a concern for factories, the ISM stated that manufacturing activities have been improving […]