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.
Lawmakers Seek Tech CEOs' Emails (9/14/19) Negative News
China Seeks to Narrow Talks With U.S. to Ease Trade Rift (9/13/19) Positive News
Purdue Tentatively Settles Claims (9/12/19) Neutral News
Trump Ousts Bolton Amid Clashes (9/11/19) Negative News
Nissan Ousts CEO After Probe Finds He Pocketed Extra Pay (9/10/19) Negative News
Private Data Show Sharper China Slowdown (9/9/19) Negative News
So for the week there were four negative news stories, one positive story and one neutral. Clearly, the trade tariff issue is impacting economic growth and we need to continue to watch this trend. Geopolitical concerns also weigh on investors.
Despite the above negative news, debt is cheap and companies are refinancing their debt which is a plus. Last week we noted 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.
The risk now is that gasoline could move to $3.00 on the Saudi oil wells being attacked.
Conclusion: Good News Index 25% for week ended 9/14/19.