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Tuesday January 29, 2019

// January 29th, 2019 // Comments Off on Tuesday January 29, 2019 // Daily News

Recession odds spike to their highest in three years: CNBC survey

Respondents to the CNBC Fed Survey put the probability of a recession in the next 12 months at 26 percent, the third straight increase and the highest since January 2016.
The Fed will now hike just once in 2019, the survey respondents expect, down from a forecast of two in the December survey.
The group forecast modest stock gains of just over 4 percent this year from here.
The survey was conducted last week with 46 respondents.

Today’s Inspiration

JANUARY 29, 2019
Short and Sweet
Adapted from the resource Love Out Loud Devotional – by Joyce Meyer

Sometimes people think they have to spend a long time praying in order to demonstrate their love for God. But prayer does not have to be long to be powerful.

The length of our prayers really makes no difference to God. All that matters is that our prayers are Spirit-led, heartfelt, and accompanied by true faith.

There is certainly nothing wrong with praying for an extended period of time. I believe we should set aside times for prolonged prayer and that our willingness or lack of willingness to spend time with God determines our level of intimacy with Him.

If issues in our lives really require us to pray at great length, then we need to do that, but we do not have to pray prolonged prayers just for the sake of logging time.

I have learned that some of the most powerful, effective prayers I can pray are things like, “Thank You, Lord,” or “Give me strength to keep going, Lord.” And perhaps the most powerful of all: “Help!!!”

See? Just a few words will connect us with heaven, and God will know how much we love Him simply because we turn our thoughts toward Him.

If you have thought your prayers had to be long in order to be effective, I hope you have now been relieved of that burden. Just one word spoken to Him in faith from a sincere heart can reach His heart and move His hand.

Prayer Starter: Father, let my prayers today be like breathing—easy, comfortable, and almost without thinking. Help my prayers and conversations with You become more genuine and meaningful—less about “have to” and more about “want to.” In Jesus’ Name, Amen.

Monday January 28, 2019

// January 28th, 2019 // Comments Off on Monday January 28, 2019 // Daily News

Stocks could be in for a sharper decline as Apple and other big tech firms report

Apple, Microsoft and Amazon are among the avalanche of earnings releases this week, as stocks work through a period of choppiness following the big run up from December’s low.
Some technical strategists see a potential return of the S&P 500 to 2,500, as the market consolidates and continues to build off a base.
The next level to watch on the downside is 2,600, the Oct. 29 low and a zone that spurred more selling when it broke again in December, one technical analyst said.
CNBC.com

The stock market could be in for a period of rocky trading to lower levels, as investors work through earnings season and wait for developments on trade, analysts said.
Stocks were slammed Monday in a selloff that accelerated on negative earnings news from global cyclical Caterpillar and chipmaker Nvidia. Both companies pointed to weakness in China, feeding fears of a global slowdown.
“We’re not making big bets for or against stocks and bonds. We’re trying to see if this is a garden variety slowdown or if it’s the beginning of something worse. I don’t think any of us knows the answer to that now,” said Ed Keon, portfolio manager and chief investment strategist at QMA.
Some technical strategists who say the S&P 500 could fall further, see a drop of 5 percent as a possibility with the S&P dipping to a support level of around 2,500. But some analysts, like Keon, say more than declining, it would not be surprising if the market becomes locked in a sideways move for awhile.
For the month of January, the S&P 500 was up 5.2 percent as of Monday and up 12.2 percent since the Dec. 24 closing low. The S&P 500 was trading just under 2,640 Monday afternoon, a decline of 1 percent. Stocks were selling off Monday on the eve of a Fed meeting where the Fed is not expected to take any action on interest rates but is expected to sound very wiling to pause its rate hiking.

“Tactically, February does sport a mixed performance reputation and may be a catalyst for a pause or consolidation after a +15% rally. There’s been some modest loss of momentum over recent days, but we’d look to the 2500/2550 area to offer support and contain weakness moving forward,” Strategas analysts wrote in a note. On average, the S&P 500 has been flat in February, going back to 1950, according to Strategas data.