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Small Business Sentiment Drops For Second Straight Month

Small Business Sentiment Drops For Second Straight Month

Small Business optimism in the US was weaker than expected in October (107.4 vs 108). After hitting a record high two months ago, the headline index has now declined for two straight months. We would note, however, that outside of 2018, there have only been four monthly prints going all the way back to 1975 […]
Technically Speaking: Major Markets Are All Flashing Warning Signs

Technically Speaking: Major Markets Are All Flashing Warning Signs

In this past weekend’s newsletter, I touched on the outcome of the mid-term elections and why it would likely not be as optimistic as the mainstream media was portraying it to be. To wit: “It is likely little will get done as the desire to engage in conflict and positioning between parties will obliterate any chance […]
Apple Slumps Back Below Key Technical Support, Loses $150 Billion In A Week

Apple Slumps Back Below Key Technical Support, Loses $150 Billion In A Week

Apple has never lost more market cap in seven short days… ever. The ‘no brainer’ stocks Following yet another downgrade overnight (from Goldman this time), the world’s largest market cap company fell back below its 200DMA at the open, attempted to stage a comeback, …then tumbled back below it… Trillion dollars, bye bye.
Top 5 Charts Of The Week – Tuesday, Nov. 13

Top 5 Charts Of The Week – Tuesday, Nov. 13

This week we look at the following charts and themes: 1. Crude oil prices vs energy stocks – (potentially substantial) downside risks for crude oil prices 2. Fed balance sheet normalization plan – best laid plans… 3. QT vs the US dollar index (upside risk scenario) – US dollar could be headed much higher 4. […]
Is Silence Golden?

Is Silence Golden?

People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policy statement is the best example. Lets’ read out today’s article and find out why. Nothing Changes in November On Thursday, the FOMC published the monetary policy statement from its latest meeting that took place on November 7-8. In line with the expectations, […]
Johnson Controls To Sell Power Solutions Business For $13.2B

Johnson Controls To Sell Power Solutions Business For $13.2B

Johnson Controls International (JCI) announced a definitive agreement to sell its Power Solutions business to Brookfield Business Partners (BBU) together with institutional partners, including Caisse de depot et placement du Quebec, in a cash transaction valued at $13.2B. Net cash proceeds are expected to be $11.4B after tax and transaction-related expenses. The company expects to […]
Home Depot Could Have A Second U-Turn Today, Says Budd Bugatch

Home Depot Could Have A Second U-Turn Today, Says Budd Bugatch

  Budd Bugatch, Raymond James managing director, joins ‘Squawk Box’ to discuss Home Depot’s quarterly earnings.
USD/JPY Broader Risk Points Higher Towards 114.53 Resistance

USD/JPY Broader Risk Points Higher Towards 114.53 Resistance

USD/JPY broader risk points higher towards 114.53 resistance zone. As long as the pair trades and holds above the 113.38/57 support levels, its broader uptrend remains valid. On the upside, resistance comes in at 115.00 level. Above here will turn focus to the 115.50 level. Further out, we expect a possible move towards the 116.00 […]
US Stock Market – Re-Coupling With A Panic Cycle?

US Stock Market – Re-Coupling With A Panic Cycle?

The Mighty Gartman Investment newsletter writer Dennis Gartman (a.k.a. “the Commodities King”) has been a target of ridicule at Zerohedge for a long time. His pompous style of writing and his uncanny ability to frequently make perfectly mistimed short term market calls have made him an easy target.* It would be quite ironic if a so far […]
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                        Markets: Resolution?

E Markets: Resolution?

Event risks for the week are coming to a head. The UK Brexit saga is in the endgame, the Italy/EU budget clash has a deadline today, US/China trade hopes resume and the world gets a host of economic data again – most of it notably weaker and troubling for 2019 outlooks. Against this is the […]