While Wednesday’s FOMC rate cut announcement stole the spotlight from other data points and prognostications, there was certainly a lot going on for investors to digest or brush off. Between the Bank of America Fund Manager Survey to the Duke CEO Survey, investors and analysts alike kept their head on a swivel heading into the…
This week, I had the pleasure of presenting our market outlook to clients at an event held at the Brookfield Zoo in Chicago, IL. As I journeyed through the park, I realized that aspects of the day-to-day operations at the zoo and several of the animals seemed applicable to the state of the economy and…...
The first trading day post the Saudi Arabia oil field bombings and speculative production slowdown pushed crude oil future (CLF) prices up roughly 15%, with equity prices moving lower Monday. Crude closed near it’s intraday high of roughly $63 per barrel while the S&P 500 (SPX) finished lower by nearly 10 points on the day.…
That makes a 3-week winning streak for the major averages. The S&P 500 rose roughly 1% in the past trading week as investors eyed and achieved the all-important 3,000 level. As shown in the chart below, the benchmark index is holding nearly 2% above the 50-DMA, while all moving averages are moving higher in a…...
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video. Our emphasis in this week’s SOTM video concerns the 3-week rally in the major averages that has been characterized as a sector rotation rally. The bond sell-off we highly anticipated has taken form, underlying economic data remains healthy with CPI rising, but…
In Finom Group’s weekly Research Report, our summation was that the bull market should carry forward, absent any exogenous shocks to the economy and or market. Here is what we offered to our Premium Members this weekend: “One can certainly suggest that we should have expected more good things from the market this past trading…
It has been kind of a “funky” trading week thus far and after 2 straight weeks of strong dip buying activity. With the first 2 trading days of the week completed and rather flattish S&P 500 moves, investors have been scratching their heads. Many investors and traders have been watching underperforming sectors and stocks in…
Capital Market Outlook September 6, 2019 IN THIS ISSUE: • Macro Strategy—Central-bank easing and fiscal stimulus in a growing number of countries, together with the Federal Reserve’s (Fed’s) pivot from a hawkish to a dovish policy stance, appear to have helped diminish the downward global-growth momentum. While we are not surprised to see a rising…...
Earlier this year, Deutsche bank released a chart, a proposal if you will. Why is it a proposal, we’ll get to that in a moment. One of the things we aim to do at Finom Group, as an exercise in rooting out facts, is to debunk myths in order to value information and data that…
That was the longest, short trading week I’ve ever experienced (Seth Golden taking the helm of this week’s reporting, so we may have a little fun along the way)! Maybe it was the threat of Hurricane Dorian or simply starting the week with a 20-point decline (.69%) on the S&P 500 (SPX). Whatever it was;…...
