Welcome to our technical market recap with Wayne Nelson. On a day where the major averages began the trading day in the red and rallied through much of the day, only to finish slightly higher, the crosscurrent of fundamentals and technicals are converging. We’re of the opinion that the late day sell down in the…
Market and Volatility Commentary V-Shaped Recovery, Low Positioning = More Upside, Commodity Sector Trades The V-shaped recovery and Positioning Global Quantitative and Derivatives Strategy Marko Kolanovic, PhD AC In early January we explained the flows behind the Q4 market collapse, arguing that market should recover its losses (here, here). After an initial short covering rally,…...
When momentum develops, it can become a driving force greater than fundamentals and rational considerations. Such was the case for the market in Q4 2018 and with the S&P 500 (SPX) falling into a technical bear market and such has been the case in Q1 2019 with the S&P 500 rallying some 16%+ off the…...
The market’s reaction to the release of the December 2018 monthly retail sales was just a reasonable excuse to pullback modestly on Thursday. December retail sales proved disappointing and missed average analysts’ estimates for a modest rise in the MoM data. For the month of December, the Census Bureau reported a MoM decline of 1.2%,…
Welcome to Finom Group’s weekly State of the Market (SOTM) video. Within this week’s SOTM we dive into some of the more recent economic data releases with great detail and analysis. Please click to review the video. To direct the chronology of the video and streamline conversational points of analysis and interest, we offer the following…...
Is it a bear market bounce or a bull market rally? That seems to be the ongoing debate and depending who you ask; the answers will be vastly different. With Wednesday’s market rally, the S&P 500 (SPX) has rallied 15%+ over the past 33 days, with just 2 days in which it fell more than…
If all that you paid attention to on Tuesday was the S&P 500 (SPX) moving above and closing just above its 200-DMA, that might be a good thing. Why do we suggest that? Most plainly, some of the trickling economic data isn’t in keeping with the market’s move higher. Nonetheless, the S&P 500 closing above…
It looks like we have a deal to avoid a government shutdown, as policy makers spill out into the media forums touting such a deal. But will President Donald Trump sign the bipartisan deal? That remains the open-ended question while equity markets positively digest the political news of the day. U.S. equity futures are sharply…
Welcome to our weekend Technical Recap. Wayne takes a look at the market moves for the week as Friday’s turbulent session expressed a bit of a FOMO moment going into the closing bell. While the major averages came off of their lows around midday, they rallied mightily into the close and in earnest, it’s been…
It was a headline heavy week that drove the S&P 500 (SPX) absolutely… nowhere. In fact, after a strong start to the trading week, an a subsequent pullback in the middle of the week, by week’s end the S&P 500 was up a scant .005% for the week. We can look toward the abundance of…...
