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. We suggest the bull market will carry forward, but not higher, in a straight line and not without intermittent pullbacks. The current bullish trend is found with overbought conditions and sector extreme valuation concerns, mainly centered on…...
Two days after Apple (AAPL) warned on Q2 2020 revenues, the markets seem to have dismissed even this sizable warning and replaced fears of an earnings recession with record highs. The Nasdaq (NDX) and S&P 500 (SPX) both hit record highs once again yesterday as tech was bought up once again and AAPL shares rebounded…
It wasn’t quite the landslide for equities on Tuesday one might have assumed after Monday’s pivotal announcement from a key handset provider warned on revenues. And that handset provider was of course… Apple said Monday that it does not expect to meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand…
Since displacing the gains from January, which we believe is the best term to use, the S&P 500 (SPX) has more than recaptured those gains by closing out the 2nd trading week in February at record-level highs. If it seems as though we continue to use the phrase record-level highs quite often, that’s likely because…...
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. Two weeks ago we believed a corrective period would commence due to overbought conditions that were paired with breadth and sentiment extremes. Since then a 3% distribution phase was achieved, but quickly found with new record highs.…
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…
