How bad can it get? Valuation worst case scenario, futures are sharply higher after China took further steps to support the economy while economic data was mixed, China announced a 1% cut to bank reserve requirements requirements and pledged to do more to support the economy and more.
Jobs report preview, is the AAPL decline an opportunity for value stocks?, futures are down more than 1% as AAPL sharply cut Q4 revenue guidance, economically UK Construction PMI and Euro Zone Money supply both slightly missed expectations and more.
The Aussie-Yen points to further growth fears, S&P futures are tracking international shares lower to start the year this morning, the Chinese Caixin Manufacturing PMI Index fell 0.5% to 49.7 in December suggesting the world’s second largest economy is slipping into contraction. there is one economic report to watch: PMI Manufacturing Index and more.
2019 market outlook, weekly market preview, weekly economic cheat sheet (There are a lot of big reports this week), futures are higher on the final trading day of 2018, president Trump tweeted over the weekend that U.S./China trade talks were making “big progress,” raising expectations for a deal in early 2019 and more.
Valuation Update and a new “Fair Value” trading range, futures are extending the late Thursday gains, today investors will see if the year-end bounce can continue, there are a few economic reports including International Trade in Goods (E: -$75.7B), Chicago PMI (E: 62.4) and Pending Home Sales Index (E: 1.5%) but none of those should move markets materially and more.
Technical update, futures are lower and giving back about 1/3 of yesterday’s massive rally, the Trump administration is considering an executive order banning U.S. companies from using Huawei and ZTE products (both Chinese firms) and more.
More unforced errors, stock futures are bouncing modestly this morning, news flows were mostly quiet over the last 48 hours however President Trump did make supportive comments regarding Secretary Mnuchin after he spooked markets Monday and continued to blame the Fed for the recent selloff and more.
Why I’m buying some stock in my IRA today, weekly economic cheat sheet, weekly market preview, futures are seeing a modest oversold bounce, if there is a “reason’ for this modest bounce in futures it was the administration trying to reassure investors over the weekend and more.
What’s in Today’s Report: Why We Could Be Close to a Bounce Futures are modestly lower following the surprise resignation of Defense Secretary Mattis. Mattis was seen as a stabilizing force in the administration, so his resignation is an incremental negative on general sentiment and that’s pressuring stocks this morning. Economically, Q3 British GDP met[…]
FOMC Decision Takeaways, futures are slightly higher, it was a quiet night of news as there were no new headlines on trade, today focus will remain on the economic data, which becomes even more important in the face of the not dovish enough Fed. We get to notable reports today, Jobless Claims (E: 220K) and Philadelphia Fed Business Outlook Survey (E: 16.5) and if the later misses expectations, look for more selling and more.