Author Archives: Rick Pendergraft

High-End Retailers Faring Better Than Low-End Retailers

The latest round of earnings reports from the retail sector may be telling us more than we think. Over the last week we have gotten reports from numerous retailers and the results have been very mixed, but there is somewhat of a pattern. Macy’s (NYSE: M) reported last Wednesday and the high-end department store blew out earnings expectations and the ...

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Trade War Truce Just What the Doctor Ordered

So far in 2018, the choppy up and down moves have been based on one thing: President Trump’s tweets about trade issues with China. After an announcement was made on Sunday that the two parties are agreeing to a truce in the trade wars, U.S. and Chinese stocks jumped sharply higher. The details of the agreement still have to be ...

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Crypto Currencies: Oversaturated and Overexposed

I started writing for Bull Market Rodeo last August. Over the last 10 months I have written a number of articles that look at the sentiment indicators toward different stocks, sectors, commodities and the overall market. One of my favorite indicators is what I call the Average Joe Indicator and I wrote about it last August. I am a little ...

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Checking Account Balances As An Indicator Of Consumer Confidence

U.S. consumers are keeping more money in their checking accounts than at any time in the last 27 years, and one firm says that could be a bad sign for the economy. It also contradicts the current Consumer Confidence report from the Conference Board. Independent research firm Moebs Services has been analyzing checking account balances for over 25 years. According ...

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President Trump Extends An Olive Branch In Trade Negotiations

The talks of trade tariffs between the United States and other countries, specifically China, have wreaked havoc on global stock markets for the last four months. With the two biggest economies in the world seemingly at odds, who can blame investors for being nervous. On Sunday, President Trump extended an olive branch to China ahead of the second round of ...

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Oil Prices Jump, But What Is The Real Reason

The price of West Texas Crude jumped to its highest level on Wednesday, one day after President Trump announced that the U.S. was pulling out of the Iran Nuclear Deal. The president has been talking about pulling out of the deal since he got elected, so I’m not really sure why it should be viewed as a big surprise and ...

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Consumer Confidence Is High, But That Isn’t The Concern

Since the market started experiencing the major swings back in late January, the biggest question that seems to be on everyone’s mind is whether this is the start of the next bearish phase or not. After watching the market go straight up in 2017, all of the sudden investors are concerned. But I don’t think we need to be worried, ...

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Despite Wage Pressure, Inflation Stays in Check

When world equity markets got spooked at the end of January and beginning of February, it was inflation concerns that seemed to start the selling and caused a big spike in volatility. We saw the longest stretch without a five percent correction come to a halt and February ended up being the second down month for the indices in the ...

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Can the Ten-Year Treasury Yield Be Used as a Stock Market Indicator?

With stocks soaring and bonds sliding, the relationship between equities and debt instruments is being looked at in a number of different ways. Investors are questioning whether stocks and bonds can move up at the same time, meaning bond prices are rising but yields are falling. A recent article in the Wall Street Journal featured statements from Bank of America ...

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