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Hess Breaks Out

Hess Breaks Out

Hess Corp is the top SP 500 gainer today. HES is working on its fourth straight gain following this morning’s earnings beat. The stock is up 7% as it begins to pierce a key overhead trendline that links the April/June highs. We expect HES to reach new ’19...
Chicago Business Activity Continues to Slow

Chicago Business Activity Continues to Slow

Chicago PMI remains below 50 for the second straight month. The lede: Despite some rebounds in regional Fed surveys, Chicago PMI has fallen for five of the seven months so far in 2019,¬†collapsing in July to 44.4 –¬†the second weakest since the financial crisis....