by Paul Lengemann, BullsnBears Economist | Oct 26, 2018 | alerts
Economic growth in the US is still good, but it has shown some deterioration of late. GDP growth in the third quarter of 2018 was up 3.5% q/q, off from the 4.2% advance recorded in Q2. The increase in real GDP reflected contributions from personal consumption...
by Michael Markowski | Oct 25, 2018 | alerts, Extra Cat
After a relief rally for the major indices today the October crash will resume in full force tomorrow. Amazon and Alphabet both reported their third quarter earnings after the market’s close today. They both missed their estimates. Amazon reduced their revenue...
by Paul Lengemann, BullsnBears Economist | Oct 25, 2018 | alerts
The housing market has deteriorated further in September. Sales of new single-family houses in the US fell 5.5% m/m to 553 thousand, following a downwardly revised 3.0% decline in August. It is the lowest rate since December 2016 and is worse than market expectations...
by Michael Markowski | Oct 23, 2018 | alerts, Extra Cat, Tariffs
October 23rd is the 89th anniversary for the 1st day of the Crash of 1929 The Smoot Hawley Tariff was the cause of the crash of 1929 which commenced 89 years ago on October 23, 1929. The legislative process that the Smoot-Hawley tariff underwent beginning in 1928...
by Lance Roberts | Oct 23, 2018 | alerts, Real Investment Advice, Uncategorized
Update: This article was update post-market open to account for early decline. In this past weekend’s missive “Market’s Cling To Support,” I noted the early February correction process where we saw a similar short-term bottoming process where...
by Michael Markowski | Oct 22, 2018 | alerts, Extra Cat
The market correction which began on October 10 is far from over. The lifting of the restrictions for share buybacks by corporations who are reporting earnings for their fiscal periods ended September 30 will not matter. Two things happened during the week ended...
