It’s finally here folks. The FOMC will announce its rate decision and hold its press conference after the release of the FOMC statement, at 2:30 p.m. EST. This FOMC day like previous ones under the leadership of Fed Chairman Jerome Powell comes with great politicization, polarization and provocation from the White House and media coverage. …
Certainly we’ve all heard the term, “don’t fight the Fed”? As we enter rate decision and future rate forecasting week, the theme and terminology will loom large overhead the markets around the globe. As we discussed in this week’s weekly Research Report, a binary outcome for the week is founded upon the FOMC and ECB…
Welcome to our second in a series of interviews with financial market participants, analysts, economists and more. Finom Group’s second interview is with Matt and Mike Thompson/CFAs, of Thompson Capital Management. Please click the following link to review the interview whereby Andrew and Wayne discuss the markets and how the approach the market on a…
I think the best way to describe the past trading week would be by using the word “funky”. NO, not like the Funky Cold Medina made so popular by Tone Loc way back in 1989, but funky in the way that it seesawed back and forth all week long, intraday and into the final minutes…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. In this week’s SOTM we discuss a vast variety of variables affecting the equity markets as they climb attempt to recapture their former highs. Please click the link to review the video, which runs about 1 hour and 20 minutes. Be careful with…...
Ahead of the opening bell on Friday, June 14, 2019, retail sales and industrial production data will be released. Analysts at Wells Fargo expect a 0.7% increase in retail sales headline. “Retail sales have experienced a volatile monthly performance so far this year. In April, headline sales unexpectedly slipped 0.2% on the month, following an exceptionally…...
After a torrid start to the month of June, equities have cooled off a bit with Crude and Brent oil failing to find a solid floor and bond yields seesawing. In fact, even with crude oil falling to $51 recently, the S&P is nowhere near where it was even the last time Crude oil was…
The following screenshot depicts just how quickly the economic situation can change with an equity market near it’s top and as a major correction takes place, only to be followed by a V-shaped recovery. Household net worth had the biggest one-quarter decline, outside of the great recession, followed by the biggest one-quarter jump, outside of…
Who believes in the latest equity market rally? After a month-long, near 7% S&P 500 drawdown/decline, the benchmark index has roared back nearly 4.5% in about 6 trading sessions. But what augers concern is the seemingly sanguine signal from the VIX. We’ll get to that in just a minute, but first… The S&P 500 (SPX)…
Despite the constant news flow and tweets discussing tariffs on Mexican imports, the S&P 500 (SPX) and peer indices all rallied sharply this past week. The Dow (DJIA) jumped 4.7%, its biggest weekly gain since November. It also snapped a six-week losing streak. The S&P 500 and Nasdaq (NDX) were up 4.4% and 3.9% this…...
