Monthly Archives: February 2020

China’s Manufacturing PMI Falls To 35.7 From 50.0, Services To 29.6

Those are some ugly numbers, folks, and as a matter of fact, the lowest on record.  Not totally unexpected but much worse than anticipated.  The February print came in much lower than the median forecast of 43 by economists surveyed … Continue reading

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Coronavirus, You’re On Your Own

Say what you will about Chris but he has nailed the coronavirus from the beginning.

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Are We Cheap Yet?

One helluva weak week for the stock market.  Three of the five largest Dow point flops in history.  Yes, we have already been lectured like a little schoolboy by the Twitterati geniuses “it is the percentage drops that count.”  No … Continue reading

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Triple Yikes!

Especially 50 seconds in. Guggenheim's Scott Minerd says the coronavirus crisis is possibly the worst thing he's ever seen in his career: "This has the potential to reel into something extremely serious" pic.twitter.com/xLhhNm3u7t — Bloomberg TV (@BloombergTV) February 27, 2020

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Efficient Markets

The coronavirus is hurting the Corona beer brand — and its maker's share price https://t.co/SRW4bNt5Ni — Bloomberg (@business) February 27, 2020

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Just As The Doctor Ordered

Don’t think its over, however…. Technical: $ES hit the 200MA. Perfectly. https://t.co/qqqkWrFmw7 pic.twitter.com/jU5ljCHUgr — Sven Henrich (@NorthmanTrader) February 27, 2020

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S&P’s Beastly Streak: Five Consecutive Red Candlesticks

Extremely ugly price action today with the S&P reversing a 54.30 point gain to close down 11.82 points, carving out a 5th consecutive red daily candlestick. Such an ungodly losing streak is relatively rare and has not happened since the … Continue reading

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The Supply Chain Gangbangers

I had a conversation last night with a friend who works in construction management. She said her side of the business is screeching to a halt as the company can’t get materials and furniture out of China.   True story. WTF?  … Continue reading

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The Stock Market’s Key GPS Coordinates

Ugly two daze of trading.   In fact, two of the four largest point drops in the history of the Dow Jones Industrial Index.   The S&P500 is now sitting right on a key Fib level at 3124.74. Now What? A  bounce … Continue reading

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Curse Of The Magazine Cover Strikes Again!

Wow, the Economist had almost perfect timing. After publishing the following cover on Thursday, the Nasdaq 100 is down 7 percent in two days.   Regression To The Mean So, is there anything to the Magazine Cover Jinx?    We … Continue reading

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