B.I.G. Tips – Retail Sales Right on Target
This content is for members onlyB.I.G. Tips – Percentage of Stocks Above 200-DMA Exceeds 84%
This content is for members onlyB.I.G. Tips – Can Earnings Season Keep The Bulls Charging?
It was only three months ago that we were looking forward to earnings season providing a change of pace from the non stop headlines related to the trade war with China. Today, it’s the exact opposite. With the market seemingly doing nothing but trade higher, the upcoming earnings season is more of a concern over whether company reports will be good enough to keep the bulls on their feet. We’ll have our answer soon enough, though, as earnings season kicks off this week.
This week‘s batch of reports will be on the light side as just 25 companies are scheduled to report. The fact that only a small number of companies are reporting, though, doesn’t diminish their importance. On Tuesday morning alone we’ll hear from Citigroup (C ), JP Morgan (JPM), and Wells Fargo (WFC). Wednesday morning will be another busy one for the big Financials with Bank of America (BAC), Blackrock (BLK), Goldman Sachs (GS), PNC, and US Bancorp (USB) all reporting. Outside of the Financials sector, we’ll also hear from Dow component UnitedHealth (UNH).
We have just published our quarterly preview of the upcoming earnings season and what to expect in terms of the overall market and sector performance based on trends in analyst revisions. To gain access to the full report, start a two-week free trial to our Bespoke Premium package now. Here’s a breakdown of the products you’ll receive.
B.I.G. Tips – Consistently Overbought Readings
This content is for members onlyDecember Employment Report Preview
After several weeks where employment-related data was mixed relative to expectations, we’ve begun to see some signs of improvement as jobless claims have edged back down. Even with that improvement, though, there have still been some mixed signals. Those mixed signals haven’t resulted in a lot of angst on the part of the market heading into the report, though. That’s because recession fears mostly seem to be in the rearview mirror, and the Fed has basically taken itself out of the picture regarding any potential hikes.
Heading into tomorrow’s Non-Farm Payrolls report, economists are expecting an increase in payrolls of 160K, which would be a 106K decline from November’s blockbuster reading of 266K. In the private sector, economists are expecting a similar decline from 254K down to 153K. Job growth in the manufacturing sector is expected to decline from 54K down to 5K. Even with the expected big decline in Non-Farm Payrolls, the Unemployment Rate is expected to stay unchanged at 3.5% while average hourly earnings are forecast to increase 0.3% compared to November’s reading of 34.4.
Ahead of the report, we just published our eleven-page preview of the December jobs report. This report contains a ton of analysis related to how the equity market has historically reacted to the monthly jobs report, as well as how secondary employment-related indicators we track looked in December. We also include a breakdown of how the initial reading for December typically comes in relative to expectations and how that ranks versus other months.
For anyone with more than a passing interest in how equities are impacted by economic data, this December employment report preview is a must-read. To see the report, sign up for a monthly Bespoke Premium membership now!