Daily Insights
Technicals still lean bullish. U.S. stocks are slightly higher this morning amid trade headlines, but the S&P 500 Index is still poised for its first weekly loss since early October. We have yet to see a concerning breakdown in technicals, as it looks like stocks are simply consolidating strong gains from the past several weeks. Continue reading
Daily Insights
Conflicting signals. U.S. stocks are little changed this morning as conflicting trade headlines pour in. The S&P 500 Index declined on November 20, notching its first string of consecutive declines since October 8, after reports suggested the United States and China may not finalize a limited trade agreement by the end of the year. Continue reading
Daily Insights
On the Recession Watch. With the S&P 500 Index at record highs, our outlook remains optimistic, but we don’t want to be complacent. We take a look at some of our favorite leading indicators to see what they say about the economic expansion and its accompanying bull market. Continue reading
Daily Insights
On the Recession Watch. With the S&P 500 Index at record highs, our outlook remains optimistic, but we don’t want to be complacent. We take a look at some of our favorite leading indicators to see what they say about the economic expansion and its accompanying bull market. Continue reading
Daily Insights
Big week for retailers. Third quarter S&P 500 Index earnings growth is tracking to a 2.3% year-over-year decline, nearly 2 percentage points above the September 30 estimate with about 470 S&P 500 companies having reported. Continue reading
Daily Insights
Seasonal uptrend. It’s beginning to look a lot like a Santa Claus rally as the S&P 500 Index pushes toward its ninth record high in three weeks. The S&P 500 hasn’t posted two consecutive declines for 27 trading days, the longest streak since January 2012. The benchmark also just broke a 24-day streak of being above–but not touching on an intraday basis–its 10-day moving average, which was its longest streak since March 1998. Stocks have crept higher in an unusually calm fashion, with the S&P 500 trading in a range smaller than 1% in 24 straight trading sessions. Continue reading
Economic Blog
November 14, 2019
The long wait may be over. No, we aren’t talking about a U.S.-China trade agreement, though that may come before the end of this year. The two sides continue working on a few sticking points.
We’re talking about stabilizing global growth, which has been elusive over the past two years.
Daily Insights
Another record high. U.S. stocks are lower this morning, taking a step back after the S&P 500 Index’s seventh record high in three weeks. The benchmark eked out another record high on November 13, defying headlines suggesting the United States and China hit a snag in discussions of a limited trade agreement. Continue reading
Daily Insights
More negative headlines. U.S. stocks are lower this morning after President Donald Trump said on November 12 that the United States would consider raising tariffs on China if a limited trade agreement isn’t reached. The statement weighed on the S&P 500 Index, which pared as much as 0.5% in intraday gains during Trump’s speech yesterday. Continue reading
Daily Insights
Two Sides of One Economy. The S&P 500 Index gained for the fifth consecutive week, making many new all-time highs in the process. Positive steps on trade have helped multiple global markets break out to new highs. Meanwhile, consumer spending has upstaged business investment. Continue reading