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Archive for January, 2019

Earnings season turns into a red-ink bloodbath in China

On Wednesday 440 Chinese companies warned that their 2018 financial results fell, according to Bloomberg. And there was still a day to go before the deadline to report such warnings. Of the more than 2,400 mainland China listed companies that have announced preliminary numbers or guidance, 373 have said they'll post a lost. About 86% […]

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Market goes all in on “No interest rate increase for 2019”

The market has priced in just about a zero percent change of an interest rate increase from the Federal Reserve in 2019. In fact, looking out through all of 2019 and into 2020, the financial markets believe there's more chance of an interest rate cut than of a rate increase. This kind of all in […]

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So how long before markets react to the dark side of today’s Fed decision?

Today the financial markets are in love with the idea that the Federal Reserve will raise rates no more than once in 2019--and more likely zero. And that the central bank will re-examine its policy of letting its balance sheet run off to the tune of $50 billion a month as bonds in its portfolio […]

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The Fed capitulated today, the market believes: Did the Fed intend to send that message?

It's hard for me to see the Federal Reserve's statement today after the meeting of the Open Market Committee, and then Fed chair Jerome Powell's presentation at the most-meeting press conference, as anything other than capitulation to the financial markets. Back in December the markets pitched a fit at the idea that the Fed might […]

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Stock market heard what it wanted to hear from the Fed

Today the Federal Reserve's Open Market Committee said it will The Federal Reserve said it will be “patient” on any future interest-rate increases. moves. And it will be flexible and  “prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial developments.” The stock market heard "patient" to mean […]

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What the stock market expects, wants from the Fed this afternoon

At 2 p.m. New York time this afternoon the Federal Reserve will release a statement on the results of the meeting of its interest-rate setting Open Markets Committee. Shortly after that Fed chair Jerome Powell will hold a press conference to explain the Fed's actions and thinking. The financial markets expect that the Fed will […]

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Apple meeting lowered earnings, revenue expectations–and then guides lower for next quarter

Goes to show you that if you lower expectations enough, you can beat them when you actually report earnings. Even if the earnings report itself is bad news. After the close of the New York market today, Apple (AAPL) reported December quarter earnings of $4.18 a share versus the Wall Street consensus of $4.17 a […]

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Indictment of China’s Huawei Technologies comes just days before next round in U.S.-China trade talks

The U.S. Department of Justice filed criminal charges Monday against Huawei Technologies, China's biggest technology company. The charges include an allegation that the company stole trade secrets from TMobile and that Huawei committed bank fraud by violating sanctions against doing business with Iran. The timing of the filing of criminal charges seems, well, either stupid […]

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The U.S. is the Energizer Bunny of debt–It just keeps on borrowing

Here's one more macro trend to add to your list next to China trade war, Fed interest rates, and government shutdown. In 2019 the U.S. Treasury Department will maintain its sales of Treasuries at record levels near $1 trillion in new issuance for a second year in a row. The Treasury’s total net new issuance […]

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Adding Intuitive Surgical to my long-term 50 Best Portfolio

Tomorrow, January 30, I will add Intuitive Surgical (ISRG), one of my 10 Best Buys for After the Bear and an artificial intelligence pick from my Next 3 Big Things Special Report, to my long-term 50 Stocks Portfolio. The company recently reported fourth quarter earnings of $3.13 a share, excluding the 16 cents a share […]

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