I was personally not impressed with the strength of the bears yesterday. The large break had little volume and it did not continue agresssively on Asia nor Europe. I will keep a mental note of that. Of course, this does not mean that more selling pressure could take the market much lower in the next
I attribute, most of the last 24-hour selling, to market rotation. RUT was doing much better than NQ this morning when it was trading at -1.5%. There have been plenty of intra-day trading opportunities. On the other hand, the market will not trade both ways. It will trade Up or Down and Bulls need to
Estimates provide deeper insight and analysis on a product/segment basis. From April 28 to today the estimates growth trend have changed form -40% to a -54%. This data should have repercussions sooner or later in stock pricing and overall stock market valuation. So far analyst are valuing that companies will be able to make loss revenue in
Data from Refinitiv. European Aggregate Estimates and Revisions Second quarter earnings are expected to decrease 53.9% from Q2 2019. Excluding the Energy sector, earnings are expected to decrease 45.7%. Second quarter revenue is expected to decrease 17.2% from Q2 2019. Excluding the Energy sector, revenues are expected to decrease 12.2%. Four companies in the STOXX
There are multiple key point to carry forward for future market analysis. FIRST The Fed is concerned about the economy and the coronavirus spread. It is taking actions that I would not have expected to see. Fed is ordered banks to cap dividends and the Fed will not allow share buybacks. If you are serious