U.S. new home sales tumble; services sector weakens Obama weighs Republican Nevada governor for U.S. Supreme Court Pimco criticizes bank break-up proposal by former executive, Fed’s Kashkari Oregon refuge protesters to be arraigned over armed occupation Iran arrests father of jailed U.S. citizen: family
Ok, just kidding, this is a picture of the day. It’s a picture of a man that can’t be stopped.
Lots of questions being asked so one more email: We do not believe recent lows get taken out any time soon. We know the last rally only lasted 10 days but bear market rallies usually last a multiple amount of weeks. Time and price take care of the stretched, extended and oversold conditions. Even though…
February 23, 2016 Investor’s Edge: 02/23/2016 On Today’s show Gary covers: Gary gives you an in-depth look at how important (and weak) the financials are acting right now Important areas of resistance the market hit this week The madness of Bernie Sanders… Listen to todays show by clicking here
Since we are being asked: A Financial Times headline says that JP Morgan had to add $500 million to loan loss reserves because of “energy pain!” Now you know why financials have been acting horrid. They are not going to be alone. Remember, in bear markets, everything comes front and center as debt and leverage become…
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…
