We learn a great deal about sentiment by looking at the headlines in the center of the front page of The Wall Street Journal.
Going forward we will track weekly and then label them as Good News, Neutral or Negative News. I think you will find this useful.
Global Slowdown Hits Jobs Growth (9/7/19) Negative News
WeWork Weighs Halving Valuation (9/6/19) Negative News
Companies Embrace Cheap Debt (9/5/19) Good News
U.S. Manufacturing Joins Global Retreat (9/4/19) Negative News
U.K. 's Johnson to Call for Election If Lawmakers Buck His Brexit Plan (9/3/19) Negative News
Cheap Gasoline Cheers Consumers, Buoys Economy Amid Strains (9/1/19) Good News
So for the week there were four negative news stories and two positive stories. Clearly, the trade tariff issue is impacting
economic growth and we need to continue to watch this trend. Geopolitical concerns like Brexit also weigh on investors.
Despite the above negative news, debt is cheap and companies are refinancing their debt which is a plus and cheap gasoline is helping the consumer kind of. In my opinion, gasoline is not cheap it has just stayed at $2.50ish for quite some time. $2.00 gasoline would be a much better deal for the consumer. That saves the consumer $10 a fill up on a 20 gallon tank and is an extra $10 a week, $40 a month and $480 a year. That is real money for many.
Conclusion: Good News Index 33% for week ended 9/7/19.