The trading week has started more positively than the last and with small caps bridging the lagging gap between large caps, as the Russell 2000 (RUT) proved the outperformer on Monday. The S&P 500 gained almost .7% or 20 points on Monday, now more than halfway toward completing the $3/point weekly expected move. Other than…
Entering the trading week, we were of the opinion that the rally in the major averages from the previous week would find a continuation of that rally. In looking at market breadth/internals as well as what was expected to be a favorable financial sector reporting season, we offered the following in last week’s 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. In this week’s episode we discuss October markets. Our dialogue this week aims to rationalize the numerous headlines while recognizing the impact on financial markets. We focus on a recent report from Morgan Stanley that…
The S&P 500 (SPX) is only about 1.5% away from its all-time high, so everyone must be a winner right? Not exactly! If we look at the historic performance record and positioning in the market, cash levels remain extremely high and equity market leverage. Here is what the quant team at J.P. Morgan had to…
Did you see that coming? It was quite the rally on Wall Street Tuesday, the first trading day after the Columbus Day holiday. With the bond market back up and running and no deflating U.S./China trade headlines, the S&P 500 (SPX) rallied sharply. The benchmark index finished a cool 1% higher on the day with…
One of the more “confined/restrained” market performance days I’ve seen in recent history. The S&P 500 (SPX) fell slightly and alongside its peer indices on Monday, after futures were pointing much higher. Futures made a u-turn on headlines out of China that proved to confuse investors with regards to last Friday’s trade de-escalation and signaling…
It looked as though markets were on the precipice of breaking down earlier in the trading week, and as headlines suggested that Chinese officials/delegates were inclined to cut their trip short in Washington. The S&P 500 (SPX) had fallen roughly 2% through Tuesday, before counter headlines suggested there was no indication that Chinese officials were…...
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video. In this week’s episode we discuss October markets alongside the geopolitical heavyweight optionality that is whipsawing markets. A trade deal of sorts has been outlined by the Chinese and U.S. negotiating parties Friday. Our dialogue this week aims to rationalize the numerous…...
Were you paying attention to the headlines in the after hours trading session on Wednesday? If the answer is no, you’re probably no worse off and as multiple, conflicting trade headlines proliferated across media outlets. Dow Jones equity futures fell some 300 points Wednesday evening as a report via the South China Morning Post revealed that the…
Additions to the Commerce Department’s blacklist, announced visa restrictions on Chinese government and Communist Party officials who are believed to be involved in abuse of Uighurs and other Muslim minority groups in Xinjiang, China, and we simply can only imagine what else might be to come ahead of the Thursday trade talks between the U.S.…
