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 this week’s episode we discuss some of the seasonal factors at play in the market coupled with what has been a uniquely illiquid market. Market liquidity works in both directions. Housing data continues to surprise to…...
Equities took a step back on Tuesday and after another negative trade headline surfaced. On Wednesday, Reuters reported that a phase-one agreement between the U.S. and China may not be completed until next year, as Beijing presses for greater reductions in tariffs and the U.S. President Donald Trump’s administration pushes back with its own increased demands.…
Coming into Wednesday’s trading session on Wall Street, equity futures are pointed lower as media outlets seek out find a geopolitical story of consequence. With the U.S. and China engaged in trade talks, seeking a phase 1 trade deal, reporters gained access to President Donald Trump with the impetus to decipher progress on the trade…
After another modest gain for the major indices on Monday, equity futures are pointing higher. Trade headlines found investors grappling with mixed messages coming from media outlets, for which we wouldn’t certify as anything more than speculation. The main headlines came out from CNBC’s on the ground reporter Eunice Yoon, suggesting that President Trump ruled…
Good Sunday morning to all! I, Seth Golden, will be flying solo on this Research Reporting mission as our chief technical analyst Edward Cordoba and our chief operating officer Wayne Nelson are in travels this weekend. So while the cats are away… let’s play, as they say! We do have a little housekeeping to take…...
Authored by Thompson Capital Management Recently Forgotten Recency bias. Source: NY Times In psychology, “recency bias” is the term that describes our tendency to use the recent past as the baseline for what will happen in the future. While recent action in markets might suggest that 20 is a ceiling for the VIX Index, that…...
After 3 complete trading days for the week, the S&P 500 has accomplished… basically nothing in terms of points. After breaking above the record achieving 3,100-level, the index has basically retreated to the flatline for the week. The weekly expected move for the benchmark index is roughly $28/points with just 2 trading days left in…
The S&P 500 came, saw and went just beyond 3,100 before finishing the trading day just 5 points higher on Tuesday. Will the 3,100 achievement prove the blow-off-top moment for the benchmark index or is 3,120 in the cards? Remarkably, the Dow Jones Industrial Average (DJIA) finished perfectly unchanged on the day, while the Nasdaq…
It proved a bit of a rocky trading session on Monday, with the major averages rolling back some of their gains through much of the morning. But then came an afternoon market rally as headlines concerning the Boeing (BA) 737 Max airliner. Boeing on Monday said it expects to resume deliveries of its grounded 737 Max…
The S&P 500 (SPX) has run fast, furious and unabated in it’s journey toward the 3,100 level. The benchmark index narrowly missed achieving this goal on Thursday of this past trading week. Nevertheless, the S&P 500, alongside its peer indices all finished higher for the week once again. The S&P 500 was up 0.85% from…...
