01.22.19 • -1.42%
Near term factors:
China trade fears
Long term factors:
FED economic outlook
Some key numbers today had investors worried. The IMF lowered their forecast on global growth from 3.7% to 3.5% and the National Association of Realtors reported a big miss of existing homes sales down 6.4% for December. This was a substantial miss compared to the previous months in home sales according to the Realtors Association. Also, Stanley Black & Decker managed to post decent earnings yet announced a daunting 2019 guidance which plunged the stock down by 16% in today's trading. Others, are now worried “Do It Yourself” stocks will be hit like Home Depot or Lowes.
Even though these may just be subtle hints at the global economy taking a “pause” it tends to get the attention of most people these days. This is a skittish market that isn’t afraid to sell at a whiff of bad news. There could be more to all of this than the eye sees. In the most recent recovery from the Christmas lows we thought we were in the clear. Some say that with the government shut down and poor guidance for 2019 could result in a retest of the lows in December.
The content of this website is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.
All opinions expressed by Peter Lucey on this website are solely Peter Lucey's opinions and do not reflect the opinions of Bull & Bear or their parent company or affiliates, and may have been previously disseminated by Peter Lucey on television, radio, internet or another medium. You should not treat any opinion expressed by Peter Lucey as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Peter Lucey's opinions are based upon information he considers reliable, its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Peter Lucey, Bull & Bear, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Peter Lucey's statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Neither Peter Lucey nor Bull & Bear guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or other mediums. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on alternative mediums may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on other mediums. Before acting on information on this website or on other mediums, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.