Posted on January 3, 2019 by Andrew Thrasher, CMT There’s a saying that market tops are a process and bottoms are an event. This is meant to imply that tops are formed over drawn out periods of time, often several months, while the market will find a final low in a quick v-shaped pattern. While…...
Is optimism creeping back into the market? Are investors signaling that it is “all clear”? Look, I get it, the market has rallied significantly off of the S&P (500) daily closing low of 2,351 and now looks to be stabilizing. Gaining stability, however, is a process that usually consisted of a low-level retest. Take a…
https://www.youtube.com/watch?v=okAIf5-BDAQ...
https://www.youtube.com/watch?v=5L_zQGPNXOk...
2018 could easily be characterized as the year that volatility came back into the market place due to Quantitative Tightening and geopolitical/macro concerns. Asset prices reached record levels in 2017 and through much of 2018, but as the Fed ratcheted higher its rate hikes (4 rate hikes in FY18) the market became increasingly fearful that…
Languishing over the 2018 market won’t do investors any good, but it is important to reflect on what made for a rather unique investing/trading atmosphere. 2018 could easily be characterized as the year that volatility came back into the market place due to Quantitative Tightening and geopolitical/macro concerns. Prior to 2018, the “buy the dip…...
Market and Volatility Commentary December Post-Mortem, Signals from Fund Flows, Role of Systematic Flows and Reversion December Post-Mortem Over the past month, the confidence of equity investors virtually collapsed. The month of December proved us wrong in the view that the market would rise into year-end and in 2018 overall. Our call for a year-end…...
U.S. equity markets demonstrated another remarkable turnaround on Wednesday as investors returned from the New Year holiday. At its lows the Dow Jones Industrial Average (DJIA) was negative by nearly 400 points, but rallied to finished in positive territory. Volatility, as gauged by the VIX, declined significantly as buyers stepped in to buy what was…
U.S. equity markets demonstrated another remarkable turnaround on Wednesday as investors returned from the New Year holiday. At its lows the Dow Jones Industrial Average (DJIA) was negative by nearly 400 points, but rallied to finished in positive territory. Volatility, as gauged by the VIX, declined significantly as buyers stepped in to buy what was…...
After the worst December since 1931 and the worst year since the financial crisis, stocks enter 2019 hobbled. The S&P 500 (SPX) will begin trading at 2,505 in 2019 after finishing down 6.2% in 2018, and down 9.6% in December alone. Some strategists and analysts are of the opinion that the disconnect between the economy and…
