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…
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,…
