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…...
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 the the 5-week long S&P 500 rally to record highs. Analysts and strategists have revised higher their year-end and 12-month price targets. Other analysts are revising their global economic output with…
It was another uneventful day in the markets, with the Dow Jones Industrial Average (DJIA) completely flat on the day, the Nasdaq (NDX) falling nearly .3% and the S&P 500 (SPX) rising just 2 points. The VIX, which had been rising since Monday with hedging activity increasing, anticipating a near term pullback to bring about…
U.S. equity markets were little changed on Tuesday and after the S&P 500 hit yet another record high at 3,085 intraday. The S&P 500 has hit a new record high each November trading day thus far, which just happens to be the top month of the year for the record high achievements in the benchmark…
More record highs for the S&P 500 were set Monday and those record highs came alongside varied opinions on the market’s performance for the remainder of the calendar year. The bulls are cheering and bears are reeling from what appears to be a steady melt-up in markets through October’s end and at the beginning of…
And oh what a week it was… if you went into the week under the impression that new S&P 500 (SPX) record highs were within reach, you had the right expectation! At Finom Group, we hope that our guided approach to macro-fundamental analysis aids in improving your portfolio performance and with that, let’s take 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. In this week’s episode we discuss the best 6 months of the year to own stocks, the clear signals the market has sent with regards to seasonality and forward looking economic strength and earnings. Our dialogue…
If someone had asked you on Tuesday, “Do you think the market will finish at the highs of the trading day”, what would you have said in response? And why are we asking that question now…? Well, let’s look at the obstacles the market faced on Wednesday. ADP private sector payrolls GDP Q3 2019 FOMC…
Unless you were watching the tech-heavy Nasdaq (NDX) or the small cap Russell 2000 (RUT)… or Grubhub (GRUB), nothing happened in the market on Tuesday. Volume was extremely light again on what proved to be a very flat day for the Dow Jones Industrial Average (DJIA -.07%) or the S&P 500 (SPX -.05%). Investors aren’t…
