The international summit where Trump and Xi were planning to sign a trade deal has been suddenly canceled https://www.cnbc.com/2019/10/30/chi...nth-where-trump-xi-were-expected-to-meet.html While the summit wasn’t canceled due to the breakdown in talks, the fact that both leaders won’t meet face to face could delay the deal
Hmm the guy who posted that and runs those contests, he is dealing with a family situation this week. So there's no daily contests this week. There won't be anything until Friday/weekend at the earliest; except maybe the monthly contest, I'll go check.
^^ thx marcy! i'm gonna try and see if i can at least resurrect the monthly format for the november picks contest. initially i had decided to cancel that one too, but now that i'm back a little earlier from my trip, thinking i should be able to at least open it for picks and market direction. want to also thank @T0rm3nted for filling in for me and taking care of the pre-market stuff every morning this week! thx T!
Leading and Lagging Groups Since the July High Tue, Oct 29, 2019 With the S&P 500 finally taking out its July high on Monday, there has been a lot of movement below the surface in terms of leading and lagging groups. In fact, 18 groups within the S&P 500 are up over 5% since the last high back in July while 13 are down over 5%. In the table below, we list the best and worst-performing groups since the 7/26 closing high. To make the list, each group had to either be up or down 2%. On the upside, leadership has been spread across a variety of sectors. Leading the way higher, Tech Hardware (think Apple) has rallied over 17% and with an overall weight in the index of nearly 4%, this group has been a key leader of the market. The only other group up over 15% is Household Durables (homebuilders), which has a much smaller weight in the S&P 500. Behind these two groups, another five - Multiline Retail, Construction Materials, Construction & Engineering, Biotech, and Trading Companies - have seen double-digit gains since the late July high. The fact that the seven groups with the strongest gains come from five different sectors suggests that the rally isn't especially narrow, even if the percentage of stocks hitting new highs has been lacking. On the downside, Leisure Equipment and Products has been the worst performing group in the S&P 500 with a decline of 21.9%. The weakness in this group, though, is 100% attributable to Hasbro (HAS), which is the only stock in the group (hence its 0.1% weight in the S&P 500). Behind Leisure, Communications Equipment has dropped more than 14% driven by weakness in Cisco (CSCO). Finally, what would a list of losers be without a group from the Energy sector? What's most interesting about this list is that even as the market has been essentially flat over the last three months, there's been a lot of dispersion in performance - not just within the market, but also within sectors. Take the Consumer Discretionary sector, for example. While five of the sector's groups are on the list of best performers since the 7/26 high, there are also five on the list of biggest losers.
With the FED seem to be pausing on rates in the near future, I guess the jobs report won’t be that market moving tomorrow unless it is so bad that would cause the recession fears
WeWork = WeWoke = WeBroke How Going Woke Makes Companies Like California Utilities And WeWork Go Broke https://thefederalist.com/2019/11/0...yZ51qJKkKJ1spORY7T8vPfoojnS_D89fyTbX4dYJpxw7I
China says it’s reached a consensus in principle with the US during this week’s trade talks https://www.cnbc.com/2019/11/01/chi...ith-the-us-during-this-weeks-trade-talks.html
The mighty YUM fell too. Even WEN got the Cramer seal of approval this week. Which pretty much seals their casket.
