In our daily market dispatch article on Tuesday, Finom Group recognized weakness underneath the hood of the major averages, notably the S&P 500 (SPX) and Nasdaq (NDX). While the major averages once again reached record-level highs intraday, market breadth did not perform in kind. Recall from Tuesday’s article the following: This is something we think…
In all my 22 years of investing and following markets both domestically and abroad, I’ve not come across this many perplexed market participants, and why. Markets have been sending a number of mixed signals since running equities have set record levels in 2020 and while demonstrating extreme sentiment and overbought conditions. The overbought conditions were…
Good Sunday to all of our Finom Group members. Due to this week’s engagement at The Money Show in Orlando, Florida, we are delivering the latest J.P. Morgan Research Report in leu of our usual weekly Research Report. J.P. Morgan’s analyst team has proven a strong leader in the field of dedicated analytics on a…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. A defiant market that has taken most by surprise this week and post a 3% pullback. The S&P 500 has not only rebounded this week but has achieved new record level highs alongside the Nasdaq. Analysts remain…...
After Monday’s bounce back in the major averages, Tuesday served to turn up the heat on the bears as investors sought to recoup that which had been lost and then some. At it’s peak on Tuesday, the Dow had been up more than 500 points, and when combined with the gains from Monday, surpassed the…
In the Iowa Primary Monday night, we have a wi… well we don’t have a winner just yet, and the equity markets seem to rather enjoy the ambiguity surrounding the “situation”. We know one person who is watching the Iowa Primary disfunction develop with a bit of comic sentiment, President Donald Trump. Beyond the incumbent,…
Every couple of months, when we believe we can add value for our Basic Membership readers, we offer a redacted version of our weekly Research Report. There is presently a good deal of misinformation and hyperbole floating about the media and surrounding the Coronavirus narrative and as such we hope our redacted Research Report lends…
It’s a new year, and come Monday, a new month as a typical February month is found for little movement in the way of market returns on average. What may also come on the first day of the new month is follow through from what appears to be a “normal” and healthy correction. We’ll see…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. The potential beginnings of a market pullback that began last week continued into and through this week with the S&P 500 falling more than 2% on the week. Corrections are a normal process of any bull market…
On Wednesday, and heading into the FOMC rate announcement, the S&P 500 (SPX) was near its high of the session. Once the press conference commenced, however, the mood on Wall Street shifted and equities fell along with bond yields. As FOMC chairman Jerome Powell discussed a desire for the Fed’s price stability/inflation mandate to find…
