Yesterday’s economic data was once again the highlight of the trading day. Now before you get all “up in arms”, that was just a joke. Of course the highlight of Wednesday’s trading was the Fed Chair’s press conference, post the announcement of no rate hike or cut. Why we are actually talking about a rate…
The economic data continues to slant more positively for most aspects of the economy, shy of manufacturing. While the Chicago PMI data proved to weaken in March, it is a much smaller regional component of the U.S. economic engine that is likely to improve as inventories roll off in the coming weeks and months. With…
The S&P 500 indeed set a new record closing high and all-time intraday high on Monday. It’s different this time because it’s different every time, otherwise we’d have a more colloquial phrasing of “same time”, which we obviously do not. The index nearly hit 2,950 before pulling back a bit into the closing bell…
Good morning fellow investors. This week’s Research Report will hit with greater brevity than you’ve seen with many of our Research Reports since we launched in December 2017. Also, it will be solely delivered by Seth Golden, Finom Group’s chief market strategists and managing director of the Golden Capital Portfolio. I’m often asked the following…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. In this week’s SOTM we discuss the vast variety of variables affecting the equity markets as they climb toward new highs. Please click the link to review the video, which runs about 59 minutes. Discussion on market volatility which has remained…...
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…...
