Tuesday in the charts.
Providing a bit more detail: (1) neither the Dow nor the S&P regained their former all-time highs. Every day that they don’t increases the odds of a triple top, (2) the long bond closed below the lower boundary of its very short term uptrend. If it finishes there today, that trend will be voided. The next visible support is 5% lower.
Weekly mortgage applications fell 0.5% while purchase applications were down 2.6%
Month to date retail chain store sales growth declined from prior week.
The September Jobs Openings report (JOLTS) showed 6.436 million openings versus consensus of 6.5 million.
World teeters on bring of coronavirus double dip recession.
Manufacturing jobs, the trade war and the coronavirus.
A look at the dollar’s future.
Is inflation about to start rising?
Mortgage delinquencies fell in Q3.
Central bankers seek new role.
Future growth prospects.
Bottom line. The technicals are today’s story because of what they could be (operative phrase) portending, i.e. a triple top and rising interest rates. Be careful.
More on valuation.
News on Stocks in Our Portfolios
3M declares $1.47/share quarterly dividend, in line with previous.
What I am reading today
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