The last time the S&P 500 achieved a record high was in September of 2018, which is before the most recent new high. After more than seven months, the S&P 500 Index notched a fresh all-time closing high of 2,933.68 on April 23, 2019 and before a modest pullback on Wednesday the 24th of April. …
It’s not often that you’re able to witness a brutal interview of an analyst who was formerly glorified in the financial media for his/her former calls which were accurate… kind of. Morgan Stanley’s Mike Wilson coined and predicted a rolling bear market for 2018, established with an S&P 500 price target of 2,750. After topping…
1Q 2019 Market Letter The bull market that began in early March 2009 passed its 10th birthday last month, something no one expected when the S&P 500 bottomed at 666. The economic expansion that has accompanied it — as usual, the market led the beginning of the expansion by about 6 months — will become…...
In reviewing the year-to-date major indices rally, I can’t help but to think that many, many investors have suffered from being captive of the moment and missing the big picture. Being captive to the moment refers to the pervasive negative sentiment that was born out of the Q4 2018 market sell-off. With the S&P 500…
For the S&P 500 (SPX) it proved to be the week that investors went to sleep, as the benchmark index logged a .08% drop in the holiday shortened trading week. S&P 500 Review While the trading proved relatively unchanged even with a significant data dump on Thursday that included monthly Retail sales, Jobless Claims, Leading…...
Welcome to our weekly State of the Markets video where Seth Golden and Wayne Nelson discuss all aspects of the market, from the macro to the micro. Please click the link to review the video. (1hr duration). For expedient reviews, feel free to skip segments of the SOTM by following the Outline below: The U.S.…...
Interview with KKR’s McVey on all things surrounding the economy!...
Coming into the final trading day of the week, U.S. equity futures are setting up for a lower open on Wall Street and ahead of Good Friday. All 3 major averages fell on Wednesday, albeit very modestly and without much volume to consider. And while we can rationalize that most index and index ETFs remain…
If you were concerned for the economic data to be released by China overnight, color yourself in the same camp as many investors. But for all of the concern, China managed to surprise economists with better than forecasted growth in the Q1 2019 period. Beijing said its economy expanded by 6.4% year-on-year in the first…
Remember all the way back in January 2019 all the calls for a retest of the lows from December 2018? With each passing month since, those calls have faded into the misty background and proven more of a bias towards recency and fear than anything else. Some of the worst calls for market moves ever…
