On Tuesday, the markets picked up where they left off in most every asset class but energy, as crude prices tumbled Tuesday to finish the session below $57 a barrel. The roughly 4% drop came on the heels of an announced OPEC supply cut extension, but may have already been baked into the price per…
There’s no secret as to what proved to move markets Monday as we continue through this holiday shortened trading week, U.S./China trade truce. But for those who don’t study the S&P 500 risk-pricing through the options market, they may have missed the reasons for the peak and valley action expressed Monday. In Finom Group’s weekly…
A quick review from some of our notes in the prior weekly Research Report before we get started, if you please… “The most near-term risk to the market rally is the G-20 Summit meeting between President Trump and President Xi. To reiterate, Finom Group believes the base case scenario is a trade truce that includes:…...
Welcome to this week’s State of the Market. Please click the following link to review the SOTM video . This is the best month of June since 2000 and with the market reaching another all-time high. We aim to share with you our thoughts on why the market has performed as it has in 2019 and the probabilities…...
Where U.S. Treasury Secretary Steve Mnuchin left positive comments on the U.S./China trade feud Wednesday, China picked up the ball and ran with it. With the U.S. President in travels to Osaka, Japan for the G-20 Summit meeting that kicks off on Friday, the South China Morning Post reported that the U.S. and China have…
With the G-20 Summit still hovering above the markets and economy, UBS’ global head of economic research Arend Kapteyn suggests that the globe is “one step away” from recession. While escalation isn’t what UBS expects, a failed meeting between President Donald Trump and China’s Xi Jinping that results in a new wave of tariffs would mean “major” changes to…
U.S. equity markets were up, down and all around on Monday with only the Dow proving capable of holding any gains on the day. Commodities actually were the biggest gainers on Monday with Gold and Crude oil prices moving higher, carrying forward gains from the previous week. New sanctions from the U.S. were slapped on…
Coming into the trading week, binary risks were looming amidst a rather strong June rally. With the FOMC standing ready to deliver its message and rate path to the market, investors braced for a possible disappointment. When the FOMC announcement came, the flood gates let loose a barrage of equity buying that further lifted markets…...
Welcome to this week’s State of the Market. Please click the following link to review the SOTM video . This is the best month of June since 2000 and with the market reaching another all-time high. We aim to share with you our thoughts on why the market has performed as it has in 2019 and the…...
Now that the FOMC meeting is out of the way…but is it really? The event risk is clearly out of the way, but to be sure, the FOMC is more so a fundamental support mechanism of financial markets than ever before and will likely remain as such for the foreseeable future. Under this premise, investors…
