Consumer Confidence Crashes

Consumer Confidence Crashes

The University of Michigan’s Final October Consumer Sentiment index dropped further from the preliminary 87.9 print to 87.2 – the lowest since Oct 2014. Zerohedge.com adds some color:   Deplorable!!  It appears America is full of cynics, skeptics, and...
Bullish Sentiment’s Rotten Streak

Bullish Sentiment’s Rotten Streak

An incredible run of weak investor sentiment has now stretched to 86 of the last 87 weeks.  Bespoke sums it up:  The streak of rotten investor sentiment on the part of individual investors continued this week.  According to the weekly survey from AAII, bullish...
Yesterday Was Very Tough

Yesterday Was Very Tough

Very tough on stocks that reported earnings that is.  Key bit from Bespoke.com:  Yesterday morning there were 75 stocks that reported earnings, and on average, these stocks declined 2.24%.  That’s an extremely negative number when considering the fact that the...

Stagnation…

32 straight days Dow has closed below the 50-day Moving Average, but above the 200-day Moving Average.  Only 11th time since 1900, but this one is 2.2% from new highs – closest ever. The S&P 500 is currently down 3 straight months, but down 1.02% in...

Jesse Felder Sees Trouble Ahead

Hedge fund manager Jesse Felder believes the probability of a market crash is as high as its ever been.  Key bit from BusinessInsider.com:   In an interview with Real Vision TV, Felder expresses his concern that the lack of volatility will inevitably create more...