A decade ago, central bank intervention was thought to be temporary. Just need to fix the problems and we’ll be back to normal in no time. Then years passed and we still needed some stimulus but it’s ok, problems will be resolved soon. Then after literally 10 years of intervention, the markets not only expect … Read more
by The Phoenix Yesterday’s drop did a lot of damage to the rally. Stocks broke down in a big way. As I write this, they’ve broken their bearish rising wedge (blue lines) and have crashed through support (red line). This is very bad news. Throughout all of August and most of early September I warned that … Read more
https://www.cnbc.com/2019/10/01/uber-closes-at-record-low-worth-less-than-50-billion.html Uber and Lyft fell to fresh lows on Tuesday, posting their lowest close ever. Both companies face increasing scrutiny from investors who are calling into question the billion-dollar market caps of large companies that recently went public.
Ned Davis Research’s Tim Hayes warns that several technical indicators are breaking down and there could be more losses ahead. Stocks posted losses on Tuesday as weak manufacturing data rocked the market The S&P 500 broke through the 50-day moving average on the first day of the quarter, and losses accelerated Wednesday morning. Technical analysts … Read more
by jhad210 $TSLA U.S. InsideEV delivery estimates out U.S. sales collapse secured SeptemberM3 20,250 down 9.0% YoYMS 1,100 down 70.7% YoYMX 1,675 down 57.9% YoY Q3M3 46,850 down 13.7% YoYMS 3,125 down 58.7% YoYMX 4,725 down 41.3% YoYhttps://t.co/l07icpdaNT pic.twitter.com/odkpiWOIKX — JC Oviedo (@JCOviedo6) October 1, 2019
via UPFINA In August real retail sales growth and real PCE growth were inversely correlated. Real retail sales showed the strongest growth since August 2018, while real PCE showed the weakest growth since December. Which trend should you follow? In short, real PCE includes more data; it is all encompassing. The categories in PCE that aren’t … Read more
After the recent Charles Schwab announcement, TD Ameritrade released this announcement shortly after: https://www.amtd.com/news-and-stories/press-releases/press-release-details/2019/The-Best-Just-Got-Better-TD-Ameritrade-Introduces-0-Commissions-for-Online-Stock-ETF-and-Option-Trades/default.aspx There will still be a $0.65 fee per contract on options however. Quite interesting that this came out of the blue. It could be a push to drive Robinhood out of the market, as Online Brokerages aren’t as dependent on Commission … Read more
Asia stocks decline amid renewed slowdown fears Stocks in Asia slipped on Wednesday amid renewed fears of a global economic slowdown. The Institute for Supply Management said U.S. manufacturing activity contracted to its worst level since June 2009. That report came on the back of the release of weak manufacturing data from Europe. Markets in … Read more
