On Tuesday, the major averages started the day in the red and rallied higher throughout the trading session. The uncertainty that resounded ahead of Jerome Powell’s testimony before congress seemed to fade as yields and crude oil both rose on the day. The Dow Jones Industrial Average (DJIA) fell 22.65 points, or 0.1%, to end at…
With each passing day we edge closer to the all-important earnings season, the markets extraordinary rally comes into question and as earnings are expected to decline for the Q2 2019 period. A market retracement has been eyed, forecasted and rationalized based on the aforementioned and is seemingly in the works as the major averages fell…
Please click on the link to review the video. Also, below is a megaphone pattern chart posted from a popular Twitter participant. It represents a more recent megaphone pattern chart for the S&P 500...
In the week that was, the S&P 500 (SPX) found itself another leg higher, capturing new record-level highs and nearly hitting the 3,000 level. This was something we had foreseen as being the greater probability based on historic precedence. Remember that the NYSE A/D line had been setting record highs in the previous week, which…...
Welcome to this week’s State of the Market. Please click the following link to review the SOTM video . With the S&P 500 near all-time highs in early July 2019, earnings season lay just ahead with an emphasis of the FOMC supporting forward looking price-to-earnings multiples. We aim to share with you our thoughts on why the market…
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…
