At its worst levels of the day on Wednesday, the Dow (DJIA) was down some 550+ points, the Nasdaq (NDX) was down some 120+ points and the S&P 500 (SPX) had fallen back to 2,886 or 1.5 percent. By the end of another wild trading day on Wall Street, however, the Nasdaq finished higher by…
On the surface, Tuesday’s bounce-back, market rally looks promising and proposed a respite from the extreme selling pressure on Monday. Underneath and adjacent the equity market rally, however, caution is being expressed and demands of it investor/trader attention. Investors took to safety on Monday as China allowed the yuan to slump to its lowest level…
Coming into the trading week, Finom Group was of the opinion that last week’s 3%+ drop in the S&P 500 (SPX) was not without more selling pressure near-term. The geopolitical discourse/tensions have become increasingly tenuous due to the escalated trade feud between the U.S. and China and to a lesser extent, skirmishes arising in the…
If you had anticipated a wild week via the FOMC rate announcement and press conference, you would have been half right. The FOMC did cut rates by 25 bps, as many anticipated. Additionally, the press conference that followed proved the usual Jerome Powell misstep that many market participants have become accustom to under the chairman’s…...
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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 Fed’s rate cut and why they cut rates, economic data and the latest market disruption from tariff threats. Unfortunately, due to the afternoon tariff headlines, we have shortened the outline of the SOTM…...
You wanted a rate cut, well you got it! And with that 25 bps rate cut you got an even stronger U.S. Dollar (DXY), pushing upwards of $98.80 and a flattening at the long-end of the bond yield curve (2s/10s = 15 bps spread). So what did Jerome Powell say that the markets adversely responded…
Ahead of Apple’s (AAPL) earnings results and the FOMC rate announcement, troubling Brexit concerns mounted on Tuesday and found the Eurozone indices tumbling. The German (DAX) led the way lower, down more than 2% on the day. The Eurozone equity sentiment found its way into the U.S. equity markets, resulting in a sharp move lower…
The Dow Jones Industrial Average (DJIA), boosted by shares of Apple Inc. (AAPL) was the only of the the 3 major indices finishing in the green on Monday. Investors are preparing for the potential move in markets that will come after the FOMC rate announcement on Wednesday afternoon. The Nasdaq (NDX) was led lower by…
The S&P 500 (SPX) spent the week rising, shy of a hick-up during the ECB rate announcement, and ended Friday with another record high. The index closed up 1.65% from last Friday, and up 20.7% YTD. All things S&P 500 For the second consecutive week, the S&P 500 managed to also breach and close beyond…...
