This article first appeared in Financial Times: Jennifer Ablan, Colby Smith, Richard Henderson in New York and Joe Rennison in London DECEMBER 31 2019 The U.S. equity and bond rally that everyone hates will continue in 2020. That is the verdict from some of the biggest strategists and investors on Wall Street. These market-watchers also…...
If only every year was like 2019 for the S&P 500 (SPX). For the year, the benchmark index failed to achieve a 30% gain, but most investors are rather satisfied with the 28.88% return and looking forward to the New Year. A quick look back on the last decade (2010s) shows that the market had…
Sometimes, a market in retreat is a good thing, warranted and even desired. I would suggest that all these descriptive terms characterize present market conditions based on several factors, but more prominently overbought breadth indicators also recognized as market internals. From the S&P 500’s daily Relative Strength Index (RSI) tipping above 80 to the number…
Just 2 more trading days remain in 2019 and with that we are looking forward to the longest expansion cycle in U.S. history continuing… and to be accompanied by the continuation of the bull market. Before we look at what lay ahead we revisit the past, specifically December 17, 2018. In our final Research Report…...
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 are in the midst of a full-blown, melt-up, Santa Claus rally into year-end and now within 19 S&P 500 points of achieving a 30% gain in 2019. We discuss the probabilities of a market pullback near-term,…
Athanasios P. Fassas 1 and Nikolas Hourvouliades 2,* 1. Department of Accounting and Finance, University of Thessaly, Larissa 41110, Greece 2. Department of Business Studies, American College of Thessaloniki, Thessaloniki 55535, Greece Received: 10 June 2019; Accepted: 28 June 2019; Published: 1 July 2019 Introduction A fundamental principle of finance is the positive expected return-risk…...
Once again and with the defined Santa Claus rally in full effect, the major averages finished higher on Monday. The Dow Jones Industrial Average (DJIA) led the way with a gain of nearly 100 points or up .34 percent. The S&P 500 (SPX) was up nearly 3 points with another record close and the Nasdaq…
The following is an excerpt from our December 15, 2019 Research Report: “With market breadth/internals still found with strength and now the most impactful binary event having been tranquilized, so to speak, a melt-up into year-end is the most probable outcome. To be clear, this is the most probable outcome, but it is by no…
Welcome to this week’s State of the Markets with Wayne Nelson, Seth Golden and our special interview guest Michael Listman. Please click the following link to review the SOTM video/interview. This week we had the pleasure of interviewing Michael Listman, (UVXYTrader on Twitter) who specializes in trading Volatility and Volatility Exchange Traded Products (ETP). In addition to the interview, please review…
This article first appeared at Wall Street Journal: By Gunjan Banerji Updated Dec. 18, 2019 4:19 pm ET Options traders are paying up for bets that would profit if the S&P 500’s record run came to a halt. Renewed optimism about the domestic economy and a preliminary trade pact between the U.S. and China have…
