Be in the know. 10 key reads for Saturday…
- Opinion: Believing all this talk about a stock market bubble can land you in real trouble (MarketWatch)
- OPEC readies for ‘critical’ meeting, decision on oil output cuts (MarketWatch)
- Fed officials face weak inflation, but split over what it means (Reuters)
- Soybeans Could Be Next Market to Surge as U.S. Showers Drag On (Bloomberg)
- Kashkari Says He Wanted Half-Point Rate Cut at Fed Meeting (Bloomberg)
- Star Athletes Become Trophies Banks Covet as Salaries Skyrocket (Bloomberg)
- The ECB Is Talking Stimulus Again. Is It Bluffing? (Barron’s)
- Big Banks Ace First Round of Federal Reserve’s Stress Tests (Wall Street Journal)
- Taylor Swift’s Real-Estate Portfolio, Revisited (Architectural Digest)
- Japanese Security Companies Benefit From U.S.’s China Concerns (Wall Street Journal)
Q2 Earnings Expectations Remain Low. When Does Recession Come?
Data Source: Factset
As we mentioned last week, it looks like Q2 will set up similarly to Q1 with very low expectations and an opportunity to easily beat to the upside. The difference will be Q2 will comp positively year on year versus Q1 which was slightly negative. Continue reading “Q2 Earnings Expectations Remain Low. When Does Recession Come?”
Where is money flowing today?
Updated Sentiment Chart
Data Source: AAII
This updated chart gives a nice visual of the data we presented yesterday. As you can see above, it has not paid to get short below the high 30’s (bullish percent), but it has paid to get long below 30 (when pessimism was still high). The print from yesterday was 29.51%. There is still a wall of worry to climb. Continue reading “Updated Sentiment Chart”
Be in the know. 7 key reads for Friday…
- Trump Ordered Military Strike on Iran, Then Called It Off (Bloomberg)
- European central bankers claim oversight over Facebook’s cryptocurrency (Reuters)
- Fed’s Bullard says he wanted interest-rate cut as insurance against slowing economy, weaker inflation (MarketWatch)
- This Year’s G-20 Will Be a Faceoff Between Trump and Xi (Bloomberg)
- The Federal Reserve Gets Ready to Reverse Course (Barron’s)
- Verizon Is Remodeling for a 5G World. Here’s What That Looks Like. (Barron’s)
- Apple Explores Moving Some Production Out of China (Wall Street Journal)
