For months, Gary has been telling you on TV and Radio that the market is forecasting weaker economic data. We are now seeing it happen in real-time. New Home sales fell -9.2% last month to an annualized rate of 494,000, missing the Street’s estimate for 520,000.
*USA EIA Crude Oil Inventories for Feb 19 3.50M vs 3.43M Est; Prior 2.15M *USA EIA Gasoline Inventories for Feb 19 -2.24M vs -1.03M Est; Prior 3.04M *MW U.S. crude-oil inventories up by 3.5 million barrels: EIA *MW Gasoline supplies down 2.2 million barrels: EIA *MW Distillate supplies fall by 1.7 million barrels: EIA *MW…
Don’t worry everything’s fine: February’s Flash PMI Services Index Fell to 49.8, missed estimates for 53…
February 24,2016 It’s happened again! Since it has happened again, we felt it necessary to send out the most important characteristic of a bear market. And yes, we coined this term during the last big bear market. “Bear market rallies are sharp, quick, make you feel good, suck you in and bury you soon after.”…
This headline caught our attention and can’t be good… They are not the only big bank with exposure to this troubled sector… “JPMorgan said it is adding $500 million to the $815 million cushion against loans in the energy sector” No position…
Stanley Fischer, Vice Chairman of The Federal Reserve, said last night that no one in the world, including policy makers, know what the Fed will do at it’s next meeting in March. Fischer said it is too early to assess the impact of market volatility. Fischer also hinted that the Fed has looked at negative rates but…
Stock Market Overview: Futures are down ahead of Wednesday’s open as the market continues digest it’s strong rally off the Feb 11th, near term low. During that time, the benchmark S&P 500 soared nearly 7% which is not an insignificant sum. Remember, moves of that size typically happen during bear, not bull, markets. Gary’s Thoughts:…
http://www.foxbusiness.com/markets/2016/02/23/amazon-web-services-takes-aim-at-big-banks.html
http://www.foxbusiness.com/markets/2016/02/23/oil-prices-slip-on-doubts-potential-output-cap-will-erode-glut.html
http://www.foxbusiness.com/features/2016/02/23/fmr-nypd-commish-kelly-says-leave-fbi-apple-scuffle-to-congress.html
