Let’s get this party started folks! If last week the market proved one thing it is this: Buying begets buying in the same way that selling begets selling. With many, if not most, market traders, investors, strategists and analysts all looking for a near-term market top and subsequent pullback; defiance is all they got from…...
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. In 2020, markets continue there seemingly endless melt-up. We all know that when valuations stretch too far beyond their historic average, unkind things tend to take place in the market. Currently, sentiment and market breadth register at…
The first 5 trading days of the year are now in the book. CNBC wrote an article about it, to set the stage for what investors might expect given the first 5 days of the year trading statistics. According to the Stock Trader’s Almanac, when the first 5 trading days show a gain, the S&P…
Eye on the Market Outlook 2020J.P. MORGAN ASSET MANAGEMENT Ghosts of Christmas Past. After a very positive year for investors in 2019, we expect lower positive returns on financial assets in 2020 as some Ghosts of Christmas Past reappear. We don’t expect a global or US recession, and anticipate a modest growth and profits rebound…...
While it wasn’t “bombs over Baghdad“, there was certainly an Iranian retaliation against the U.S. and its installments in Iraq Tuesday evening. Iran launched more than a dozen ballistic missiles against multiple bases housing U.S. troops in Iraq, Pentagon officials said on Tuesday. It was reported by CNN that no U.S. service members were hurt…
After beginning the trading session on the lows Monday and for the first full trading week of the New Year, the major averages rallied throughout the day and to finish at the highs of the trading session. One thing was made very clear during Monday’s turnaround, FAANG delivered the biggest support for the market, ultimately…
The first couple of trading days of the New Year proved a mixed bag as stocks roared higher on January 2nd and tumbled on January 3rd, after geopolitical tensions escalated between the U.S. and Iran. For the week, the S&P 500 (SPX) fell .16% and the Nasdaq (NDX) rose by the exact same amount. The…...
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. In 2020, we are already confronted with a new geopolitical event as the U.S./Iran tension have risen to levels of minor military conflict and found with markets retreating a day after hitting record levels once again. Market…
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…
