Key Earnings Week
Earnings update and outlook, U.S. futures are tracking global shares lower on renewed economic growth concerns after Chinese GDP hit a near three-decade low of +6.6% in 2018 while the IMF reduced 2019 global economic growth forecasts to 3.5% from 3.7%, today there is just one economic report to watch: Existing Home Sales and more.
Time to Get More Defensive?
Futures are moderately higher thanks to rising U.S./China trade optimism, yesterday’s WSJ article that stated U.S. officials are considering reducing China tariffs spurred a global rally, despite being disputed by administration officials, economic data was mildly disappointing as Japanese CPI (0.7% vs. (E) 0.8%) and UK Retail Sales (-0.9% vs. (E) -0.8%) both slightly missed estimates, although neither report is moving markets and more.
Valuation Update (Better, But Not Good)
Equity Risk Premium Update – better, but not good, updated oil outlook, today focus will remain on earning and we get some notable consumer companies reporting (in addition to more banks) and more.
An Update from Dr. Copper
An Update from Dr. Copper (mildly encouraging), futures are up modestly, economically, Japanese Machine Orders badly missed expectations in November, today, the government shutdown is going to start affecting the flow of economic data as the December Retail report will not be released. To that point, concerns are starting to build about the economic headwinds the shutdown will have as it drags on, and eventually those worries will begin to weigh on stocks. and more.
Tyler Richey appeared on TD Ameritrade Network on January 15, 2019.
Tyler Richey appeared on TD Ameritrade Network on January 15, 2019. His take on oil, energy market, and more.
Brexit Vote Preview
Citi Earnings: Not a bad start to the season, Brexit “Meaningful Vote” preview, U.S. futures are modestly higher this morning, tracking gains in Asian shares thanks to chatter of further stimulus measures by the Chinese government, there are three Fed speakers today: Kashkari (11:30 a.m. ET), Kaplan (1:00 p.m. ET), and George (1:00 p.m. ET) and more.
How Nervous Are Investors Right Now?
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Sentiment Update – How Nervous Are Investors Right Now?