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…...
David Moadel discusses yield curve inversions and various aspects of recession indicators....
Welcome to this week’s State of the Market where we also offer the following market dispatch article. Please click the following link to review the SOTM video . Best start to June since 2000, according to the Bespoke Investment Group table below: As Sesame Street’s Count Dracula would say, “2, 2 market days in a…...
Welcome to our first in a series of interview with financial market participants, analysts, economists and more. Finom Group’s first interview is with Andrew Thrasher CMT, of Thrasher Analytics Please click the following link to review the interview whereby Andrew and Wayne discuss the markets and how the approach the market on a daily, weekly…
After the S&P 500 fell nearly 7% from its all-time high, Tuesday’s snapback rally might find investors more upbeat about putting capital back to work. Tuesday found all the major indices higher by greater than 2% and with the Nasdaq (NDX) leading the way, up 2.65% to end the trading session. It was just a…
Monday proved a rather volatile trading day, but one would not have truly recognized how volatile it was by simply reviewing the end result in the major indices. The Dow Jones Industrial Average (DJIA) was down by more than 100 points going into the final 30 minutes of trading, but finished higher by roughly 5…
There are now at least 4 key ingredients drawing upon investor fears and which have resulted in a May, month-long market downturn. The S&P 500 (SPX) finished down 2.6% from last week and 1.3% on Friday. And the cause of the month-long sell-off, resulting in a 6.58% drawdown: Hike in tariffs on imports from China…...
