Be in the know. 7 key reads for Thursday…

  1. German manufacturing orders collapsed in February (MarketWatch)
  2. What to Watch in Friday’s Jobs Report (Barron’s)
  3. Tesla Deliveries Fall, in Potential Sign of Weaker U.S. Demand (Bloomberg)
  4. Global stocks stall after Trump’s tariffs block US-China trade deal progress (Business Insider)
  5. Jamie Dimon’s annual letter is out (JP Morgan)
  6. Accounting Rule Maker FASB Rejects Proposal on Loan Losses (Wall Street Journal)
  7. Morgan Stanley downgrades trader favorite Micron to sell, says inventories will pressure margins (CNBC)

AAII Sentiment Results: NO MAN’S LAND – Part Quatre!

I focus on the AAII sentiment indicator when it is at true extremes.  This week, the bullish sentiment moved up marginally from  to 33% to 35%.  This is a neutral rating (not overly optimistic or at all pessimistic). I would look to see it closer to 40 before I considered getting aggressively short (and it would have to be confirmed by multiple other factors at that point).

The Bearish Percent creeped up to 28% from 27% which is still pretty complacent until we see a move to the high 30s/low 40s.  So while there is no euphoria on the side of the bulls, there is also very little fear and still a decent amount of complacency– hence NO MAN’S land part Quatre!

Here are the last few weeks of the “No Man’s Land” theme:

AAII Sentiment Results: NO MAN’S LAND – Part Trois!

 

 

Be in the know. 8 key reads for Wednesday…

  1. Hedge Fund and Insider Trading News: Ken Griffin, Keith Meister, Bodenholm Capital, AQR Capital, Anworth Mortgage Asset Corp. (ANH), Oasis Petroleum Inc. (OAS), and More (Insider Monkey)
  2. Weekly mortgage refinances spike 39% after huge rate drop (CNBC)
  3. Private payrolls add 129K in March vs. 173K est.: ADP/Moody’s Analytics (CNBC)
  4. Deutsche Bank downgrades Caterpillar ahead of negative backlog growth (TheFly)
  5. US Auto Sales Wrap Up Weak First Quarter (ZeroHedge)
  6. Boeing Keeps Leaving Trash In New Air Force Tankers; Deliveries Halted Again (Investor’s Business Daily)
  7. Bitcoin Rises 16%, Touching $5,000 in Asia ()
  8. If Trump closes Mexican border, avocados could cost more and auto factories could shut (USA Today)

Be in the know. 6 key reads for Tuesday…

  1. Analysts expect China to cut bank reserve ratios soon (Reuters)
  2. Four solid stocks whose recent hard times mean they’re potential bargains (MarketWatch)
  3. Walgreens shares slide as drugstore chain misses earnings estimates, lowers 2019 forecast (CNBC)
  4. DealBook Briefing: Lyft Crashes Back to Reality (New York Times)
  5. U.S. and Chinese Manufacturing Stabilize, While Europe Lags Behind (Wall Street Journal)
  6. 50 Cent Sells Massive Connecticut Compound for 84% Less (i.e. 16 Cent) (Wall Street Journal)

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