3 Market Catalysts to Watch in the Second Half of 2019

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What should investors keep an eye on when it comes to the second half of 2019?

Randy Watts, Chief Investing Strategist at William O'Neil, talked to TheStreet about what he's watching as we head into the second half of 2019 and what he expects from retail earnings when they're released. 

Here's a look at the catalysts Watts is watching.

"I think the most important thing to focus on is really three things. The first is, while this has been a good earning season, as you mentioned earlier, it's actually been a bad or new season for guidance. So Q3 earnings for the S&P, and Q4 estimates have both come down. I think we really want to see those estimates start to stabilize. The second thing is can we get any kind of resolution or clarity on the trade issues. If we were to get those, I think you could really see capital spending pickup in the country. And then the last--like you said--as the Fed, initially people were worried after Powell's comments yesterday that it's kind of a one and done for the Fed. But that would be unusual...In addition, if you look at this morning, the Fed funds futures are about 60% looking for an additional cut in September," said Watts. 

Don't Fret an Earnings Recession and Keep an Eye on These Market Catalysts