While the Dow Jones Industrial Average (DJIA) took a breather on Tuesday, falling .3%, the Nasdaq (NDX) rose by .25% and apparently nobody showed up for the S&P 500 (SPX) or its closely correlated Select Sector Spiders ETF (SPY) With the S&P 500 finishing almost exactly flat on the day, SPY had its lowest trading…
Global equities found a sharp risk-on rally as rounds of economic data from China and the United States positively spurred investor sentiment. After a marked improvement in China’s PMI data, the U.S. released both monthly retail sales and ISM manufacturing data. Before getting into the U.S. data, let’s briefly take a look at how China’s…
After a lackluster week for equities in the middle of the month and heading into the end of the quarter, last week equities found their footing once again and finished higher for the week once again. The S&P 500 (SPX) finished higher by 1.2% for the week and is now up some 13% year-to-date. Although…...
Welcome to our weekly edition of State of the Markets. Please click the following link to review our take on what is moving the markets and what to expect within the context of portfolio positioning given the macro-fundamental backdrop!Outline: Outline: Introduction to State of the Markets. Briefly touch on market volatility, VVIX broke above 100…
Everyone and I do mean everyone has their eyes, ears and whatever other body part tuned into the bond yield curve (YC). The following intraday chart identifies the movement of the S&P 500 (SPX) and 10-yr. Treasury yield (TNX) for March 27, 2019. (Blue = SPX, pink = TNX) With the near dated end of…
Some lackluster days in the equity markets, roiled to some degree by concerns over the bond yield curve inverting (3-month/10-year), found investor appetite once again. Equity markets surged on Tuesday, with the benchmark S&P 500 leading its peer indices higher and with a gain of .72% on the trading day. It was an uneven day-trade…
After a bond market panic that pervaded equity markets on Friday, the rather flat performance for U.S. equity markets on Monday was a welcome site to many on Wall Street. The Dow Jones Industrial Average (DJIA) finished slightly higher on Monday while the S&P 500 (SPX) and Nasdaq (NDX) finished slightly lower on the day. …
In his latest YouTube video, David discusses last Friday’s market activity. Do notice that the yield curve inverted in 1998 and did not find a recession until more than 2 years later, but which was actually caused by a dotcom bubble bursting and not stress in the credit markets/yield curve inversion. Follow the link...
It’s not the way bulls desired the week to end, especially after a strong Thursday performance, but when algorithms kick into high gear, they generally work toward extremes. The S&P 500 (SPX) was up for most of the week and had broken above 2,850, but that was before the German bund fell into negative yield…...
Welcome to our latest rendition of State of the Markets with Wayne Nelson and Seth Golden. Please click the LINK to review our weekly analysis and insights into all things market related! For easy following and for the sake of time, we’ve also published the Outline below: All necessary analysis of the latest FOMC announcement…...
