CHKE
Apex Global Brands Inc
stockNASDAQ

***** # Yield Curves Near Inversion > On Tuesday, the front end of the yield curve inverted as 3-year yields rose above 5-year yields. Other front end curves, by that measure, while not there yet, have also begun to dip to cycle lows. The 10-year minus 3-month spread is at its lowest level since 2007. Despite being at a low for the current cycle, the curve remains around 40 bps from inversion. > In the charts below we look at various yield curves over the past 15 years; this time frame allows us to see the curve’s movement leading up to the last recession. > ###### **([CLICK HERE FOR THE CHART!](https://www.bespokepremium.com/wp-content/uploads/2018/12/120618-3Ms10s.png))** > Perhaps the most widely followed curve, the 10 year versus the 2-year spread, is also at levels it has not seen since 2007. Although it is picking up slightly today as yields across the board fall, 2s10s is looking much more ominous at only 13 bps away from becoming inverted. This will be the main curve that investors will keep their eyes on; expect to see it ad nauseam in headlines if it moves those 13 bps lower. > ###### **([CLICK HERE FOR THE CHART!](https://www.bespokepremium.com/wp-content/uploads/2018/12/120618-2s10s.png))** > Shifting our focus to the longer end of the curve, spreads are off of lows from earlier in the year, but may not have quite bottomed just yet. The 10-year versus the 5-year spread has recently fallen back down towards these lows. > ###### **([CLICK HERE FOR THE CHART!](https://www.bespokepremium.com/wp-content/uploads/2018/12/120618-5s10s.png))** > Even longer maturities like the 30-year versus the 10-year have a higher spread still and has much more clearly made a bottom. It is important to note, leading up to the previous recession this curve was not inverted for long. Most of the bottoming occurred with a normal—albeit very flat—curve. > ###### **([CLICK HERE FOR THE CHART!](https://www.bespokepremium.com/wp-content/uploads/2018/12/120618-10s30s.png))** ***** # Time for Santa? > 2018 has been a rocky year with a big dose of volatility, but could a late-year rally be in store for investors? History says it is quite possible. “Although the well-known Santa Claus rally is technically the last five days of the year and the first two of the new year, you can’t deny the fact that December tends to bring with it good vibes and stocks gains,” explained LPL Senior Market Strategist Ryan Detrick. > As our LPL Chart of the Day shows, since 1950, no month has a higher average return or has been higher more often than the month of December. > ###### **([CLICK HERE FOR THE CHART!](https://i1.wp.com/lplresearch.com/wp-content/uploads/2018/11/santa-comes-in-december.png?ssl=1))** > With Federal Reserve Chair Jerome Powell opening the door to potentially fewer interest rate hikes in 2019, the last component likely needed for a rally is some type of agreement between the United States and China regarding the ongoing trade issues. Given the G20 summit is this weekend, many are expecting some type of potential resolution to be announced. Stay tuned! > Last, an interesting stat: December has never been the worst month of the year for stocks. That’s right—since 1950, the S&P 500 Index has never had its largest monthly drop in December. Given that the worst month this year was October with its 6.9% drop, history would say to not expect a similar big drop to end 2018. > ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2018/11/december-has-never-been-the-worst-month.png?ssl=1))** ***** # Typical December Trading: Strength Early and Late, Choppy Between > Historically, the second trading day of December, today, has been a modestly bullish day with S&P 500 advancing 36 times over the last 68 years (since 1950) with an average gain of 0.13%. To find a worse second trading day of December, you would have to go all the way back to 1932 when S&P 500 dropped 3.86%. Trade remains a concern, but today’s sell off appears to have been triggered by economic growth fears caused by a flattening Treasury yield curve and 5-year yields dipping below 2-year yields. As we have repeatedly noted, the Fed is the biggest risk to the market and the economy. > These fears could lead to a larger than usual amount of choppy trading during the first half of December. Historically December has opened with strength and gains over its first five trading days before beginning to drift. By mid-month all five indices have surrendered any early-month gains, but shortly thereafter Santa usually visits sending the market higher until the last day of the month and the year. > ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/1b982d015890c90e57b0442812306651/tumblr_inline_pj8djzfkAa1spdppr_500.jpg))** ***** # **STOCK MARKET VIDEO: Stock Market Analysis Video for December 10th, 2018** ###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=GqAABnjMQQM))** # **STOCK MARKET VIDEO: ShadowTrader Video Weekly 12.9.18** ###### **([CLICK HERE FOR THE YOUTUBE VIDEO!]())** (VIDEO NOT YET UP!) ***** Here are the most notable companies reporting earnings in this upcoming trading week ahead- ***** > * **$ADBE** > * **$AEO** > * **$SFIX** > * **$COST** > * **$DSW** > * **$PLAY** > * **$CIEN** > * **$PVTL** > * **$ASNA** > * **$INSE** > * **$FRAN** > * **$GTIM** > * **$CDMO** > * **$ASPU** > * **$ARWR** > * **$DLHC** > * **$CASY** > * **$PLAB** > * **$VRA** > * **$NCS** > * **$NX** > * **$TLRD** > * **$SEAC** > * **$ROAD** > * **$CHKE** > * **$IRET** > * **$OXM** > * **$NDSN** > * **$FTI** > * **$VERU** > * **$PHX** > * **$CIVI** > * **$SKIS** > * **$SMMT** > * **$PURE** > * **$STRM** > * **$MMMB** > * **$AXNX** ###### **([CLICK HERE FOR THIS WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/jh0ejTe.png))** ###### **([CLICK HERE FOR THIS WEEK'S HIGHEST VOLATILE EARNINGS RELEASES!](https://i.imgur.com/CpDB5mo.png))** ***** Here are the most notable earnings releases for the trading week beginning December 10th, 2018. ***** Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: ***** > # ***Monday 12.10.18 Before Market Open:*** > ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ldSOx5q.png)) > # ***Monday 12.10.18 After Market Close:*** > ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/PCBvre3.png)) ***** > # ***Tuesday 12.11.18 Before Market Open:*** > ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/eUvhnqI.png)) > # ***Tuesday 12.11.18 After Market Close:*** > ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/JTE5GSI.png)) ***** > # ***Wednesday 12.12.18 Before Market Open:*** > ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/WNrc9L0.png)) > # ***Wednesday 12.12.18 After Market Close:*** > ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/e11Vsbq.png)) ***** > # ***Thursday 12.13.18 Before Market Open:*** > ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/0blzTgU.png)) > # ***Thursday 12.13.18 After Market Close:*** > ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/Hqam8yz.png)) ***** > # ***Friday 12.14.18 Before Market Open:*** > ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) NONE. ***** > # ***Friday 12.14.18 After Market Close:*** > ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) NONE. *****