While no easing or resolution to the rising tensions between the U.S. and Iran have been revealed over the weekend, Wall Street found itself rebounding on Monday. The major indices followed the European indices higher on Monday and led by the Nasdaq (NDX), which was higher by .71 percent on the day. Without geopolitical relief,…
Even with better than expected earnings results from the big money center banks and early technology sector reporting, the major indices failed to make headway in the week that was. The S&P 500 (SPX) closed 1.23% below last Friday. Nonetheless, the benchmark index is still up 18.74% on the year. All Things S&P 500 And…...
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video . With the S&P 500 near all-time highs and having breach the 3,000+ level, earnings season is now in full-swing. Fed chairman Jerome Powell has indicated the FOMC is prepared and likely to cut rates most likely at the upcoming July…...
Equity markets took a deeper dive on Wednesday as earnings season rolled forward. Bank of America Merrill Lynch (BAC) shares finished with a gain Wednesday, as the bank lowered its full-year outlook for net interest income, but still expected growth in the face of anticipated interest rate cuts and slowing economic growth. The consumer and…
Equities finished lower on Tuesday with the Nasdaq (NDX) leading the way lower as Federal probes and Congressional hearings spur headlines surrounding Facebook’s latest product development in the crypto currency realm. Those hearings will continue to evolve on Wednesday and as Bitcoin has found itself trading below $10k once again. Did the highly speculative leading…
Until the market finally pulls back lower, the permabear camp will look for anything and everything to dupe investors into believing the end is near. Kevin Smith of Crescat Capital, an infamous short fund, tries anything and everything to sway investors’ confidence in the market. His efforts rely mainly on others’ inexperience and unwillingness to…
Another record closing week for the major indices, with all 3 achieving new all-time highs. Additionally, the S&P 500 (SPX) closed above 3,000 for the week and with a .78% move higher for the week ended 7/13/2019. No, the gains weren’t tremendous for the week, but closing above 3,000 is a feather in the cap…...
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video . With the S&P 500 near all-time highs and having touched the 3,000+ level, earnings season lay just ahead with an emphasis of the FOMC supporting forward looking price-to-earnings multiples. Fed chairman Jerome Powell has indicated the FOMC is prepared…...
It was a banner day for the S&P 500 (SPX) on Wednesday with Fed chairman Jerome Powell serving up the FOMC’s monetary policy testimony before a Congressional Committee. At 8:30 a.m. EST. The S&P 500 E-mini futures achieved and broke through the 3,000 level. When the Semiannual Monetary Policy Report to the Congress was publicly…
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…
