Economic data reported yesterday suggests that the consumer is “holding back”

Economic data reported yesterday suggests that the consumer is “holding back.” The retail sales spending numbers reported yesterday were not what we expected at all… The report showed that retail sales fell by 3% vs. the expected rise of 3% — a complete 180. That has some nervous, and I ask why? OK, yes the [...]

By |2019-10-17T11:02:56-04:00October 17th, 2019|Morning Thoughts by Kenny Polcari|

It’s all about earnings!

It’s all about earnings!   OK, so let’s say it like it is… someone is not telling the truth or someone just can’t do the math OR someone just wants to look good. For months now we have been told NOT to expect positive earnings announcements for the 3rd quarter in 2019. During the last [...]

By |2019-10-16T11:07:14-04:00October 16th, 2019|Morning Thoughts by Kenny Polcari|

Stocks surged on Friday and surged some more as the speculation over the state of trade was building

Stocks surged on Friday and surged some more as the speculation over the state of trade was building. What would we hear?  What would they announce? Was this going to be THE TRADE DEAL that we have been waiting 20 months for? Was there really going to be a breakthrough?  And adding excitement to the [...]

By |2019-10-14T11:02:22-04:00October 14th, 2019|Morning Thoughts by Kenny Polcari|

And so Trump does it again.

And so Trump does it again. He saw that the market was getting more nervous. He saw what happened to stock futures on Wednesday evening/Thursday morning when they collapsed overnight — the Dow was down better than 300 points soon after midnight. So he begins the process of tweeting — taking it all very slowly, [...]

By |2019-10-11T11:02:34-04:00October 11th, 2019|Morning Thoughts by Kenny Polcari|

Stocks continued to come under pressure yesterday as the tension between the US and China continues to boil over…

The US commerce department late Monday added some 28 Chinese companies to an ‘export Blacklist’ because of human rights abuses in Xinjiang – meaning that US suppliers will be barred from providing technology that originates in the US to the Chinese firms identified, which only lit the fuse yesterday causing the algos to hit the [...]

By |2019-10-09T11:02:16-04:00October 9th, 2019|Morning Thoughts by Kenny Polcari|

Trump adds 8 Names to the Blacklist, China Sure to Retaliate, BoJo in a Jam, Mkts Under Pressure – Try the Halibut

Things you need to know. Before we get started today, I wanted to share with all of you some exciting news. I’m teaming up with the folks over at Seven Figure Publishing. Seven Figure publishes a wealth of information and independent research on the markets. They are dedicated to giving their readers the tools needed [...]

By |2019-10-08T11:04:29-04:00October 8th, 2019|Morning Thoughts by Kenny Polcari|