Since the FOMC’s September meeting and when it stated that it was “a long ways away from the neutral rate”, the market has been in a state of turmoil. The S&P 500 has fallen by some 12%+ since that time, taking out the February lows. Market volatility has remained elevated over this period of time.…
If you didn’t tune into the markets, CNBC or Bloomberg yesterday, you likely missed the Jeffrey Gundlach show. He many several comments about the equity markets, while patting himself on the back for his Facebook (FB) short. Additionally and as he always does, for better or worse, he made some innocuous calls on the market.…
For equity market bulls, the following chart is nowhere near that which you would like to have found the markets finishing the week. Finom Group has been stating for some time now, that the mechanical/technical/quant/algorithmic correction has taken hold of the marketplace. It continuously seeks out and finds most every important S&P 500 (SPX) level…
Here we are at the end of the trading week and futures are bright red, as Chinese economic data proves less than desirable. China on Friday reported industrial output and retail sales growth for the month of November that missed expectations, according to data from the National Bureau of Statistics. Industrial output in November grew 5.4%…
While headlines on trade and/or the White House administration seem to pour out of the media on a daily basis, investors continue to be whipsawed and tumbled about, trying to decipher what is more meaningful to the future of corporate earnings. Yesterday’s most impactful market headline came on the global trade front. According to reports,…
https://zoom.us/recording/play/uLKp7zYwIfSYc33D1VLDzLwakfwsdbn73SZTEz-qBjqGtSeUR4UGzADv5ZYFgDpp?continueMode=true Outline Market Headwinds: (23 minutes) Apple (AAPL) share price Crude oil price/demand/supply Trade Truce i.e. U.S./China: Corporate uncertainty and investor uncertainty (14 minutes in) FOMC rate hike path, turned dovish, data dependency brought back (16 minutes in) New Home sales, housing commentary (21 minutes in) FedWatch Tool: rate hike probability 2. Government shutdown? (24…
https://www.youtube.com/watch?v=r-jWgwGD7hI...
It’s not often that the market allows you to hedge before a significant daily move, but that’s exactly what happened on Monday with the market opening flat to higher and before reversing course. In Finom Group’s weekly research report, we mentioned our desire to hedge against a probable move lower for the current reason, mainly…
The S&P 500 (SPX) weekly expected move was $72/points last week, but it blew past that once again and for the 5th time in the last 10 weeks. The market is proving less efficient here in the 4th quarter than in any of the previous quarters of the calendar year. What does this mean? In…
If you’re not hedged already, there is probably no better time than the present to start considering how to go about hedging your portfolio against risk. We’ll show you why, using simple screen shots in just a moment, but for now let’s briefly discuss the week that was and why we think reducing risk is…...
