Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of October 15 October 15 Retail Sales – September 0.5% 0.1 0.6 Retail
October 13, 2018
VIX rallied above its Cycle Top support at 19.51in a confirmed buy signal. The Cycles Model shows a likely surge in strength for the VIX through late October. (CNBC) Wall Street’s favorite fear gauge, the Cboe Volatility Index, hit its highest
Further to last Wednesday’s post, here’s where the U.S. Major Indices stood after each close on Thursday and Friday, respectively. Thursday’s Close: Wednesday’s sell-off continued on Thursday, with the nine Major Indices closing at or near a lower near-term support level (or below, as was the
We all know that stocks don’t go up every day. And that even during the healthiest bull markets there will be down days…weeks…and even months. So, lets discuss the events of this past week so we can chart our course
Bank stocks have been notable laggards in recent quarters, with market participants preferring the faster growing technology stocks to these seemingly boring companies. But as the turmoil of the last few days’ market action shows, the unwinding of the overcrowded
EUR/USD dropped to new lows but recovered quickly and stabilized back in the known ranges. What’s next? An important German survey and final inflation figures stand out in a week where Brexit could also have a meaningful impact on the common
In this missive, we are just going to focus on the “WTF!” moment of this past week. In order to do this properly, I need to start with last week’s missive where we asked the question “Did Something Just Break?” In that article we addressed very specific
Biosense Global, a New Jersey-Suzhou in-licensing company, exercised a $75 million option for China rights to an active lupus immunotherapy developed by Neovacs (Paris: ALNEV), a French biopharma (see story). The exercise of the option follows a successful Phase II trial of the
The stock market fell last week, with the S&P 500 (SPX) down 119 points to 2767, a decline of 4%. • The sharp pullback was due in part to concern over rising interest rates and the trade war with
The latest index reading came in at 17.8, down from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury
