Canadian manufacturing and wholesale sales slow, Japan and Spain experience trade deficits, UK enjoys a continuing improvement in unemployment rate. U.S. existing home sales continue to slow. More stocks return to Buy Watch consideration.
Economic news from around the world is very mixed with South Korea enjoying one of the best growth periods in a year and Germany able to hold increases in producer prices to a 2.7% increase. China continues to experience slower economic growth, but not dramatic with a GDP of 6.4% and retail sales increase of of over 8%. These numbers are high, but not as high as previous periods. Overall, growth appears to be on the positive side, just a bit slower than previously expected by the markets.
USA CPI drops to 1.9% in December, below Federal Reserve target of 2.0%, UK Industrial production falls 1.5% YOY, Italian industrial production falls 2.6% YOY, Spanish industrial production falls 2.6% YOY. BioTelemetry increases in Fair Value, PetMed Express moves to BUY.
All Market Capitalization Categories Remain Well Inside Normal Valuation Levels with MidCap Holding Highest Expectations. Current Market Considerations Remain Tilted to Buy/Buy Watch Classifications as Opposed to the Strong Sell/Sell Watch Tilt that Developed in 2018.