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Free TheoNight Report - for Thursday, February 15, 2024 by Blake Young - Consumers Are Tired - Retail Sales Numbers Clinch It
The almighty American consumer is… spread a little thin right now. A little worse for the wear. That's not just a hunch. Today's retail sales numbers were negative - very negative.
But to understand what's really happening we have to get in and look behind that headline 0.8% drop.
A lot of that decline took place in auto sales; that's more confirmation that consumers are tired out. That's the smoking gun, in fact, and we'll look right down the barrel. Of course we'll investigate the number of delinquent auto loans, as well.
Let's dive in…
Click here to watch the video
Feb 15 - Don Kaufman - We Were Right to Worry About Tech
We'll get to retail sales, but the real story today is about the fall of tech stocks. They're out of gas. Warren Buffett just sold a big position in Apple, OpenAI is out for Google's blood, and Tesla's battery is pretty much dead. There's lots more to talk about…
Feb 15 - Gianni Di Poce, CMT - Let's Look at the Odds of Inflation
The recent CPI report showed prices rose a bit higher than most were expecting, and that raises the stakes for a bull-blown return of the dreaded "i-word." Watch…
Feb 15 - Why I Watch the SKEW Like a Hawk
I'd bet no one outside the trading community knows what SKEW is. It's a little-known index I use to spot ideal income-generating opportunities. And right now it's at or near record highs. It's like a big, green neon sign screaming "MOVE!" But we'll have to do it quickly - the last time SKEW did this, the profit-potential window was only open for three weeks. I've recorded a webinar that can teach anyone to learn how to use this indicator for themselves. You can watch the replay right here but, like I said, "MOVE!" because I'm not sure how long it'll be online.
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