Thursday’s market activity was more troubling than what the daily chart assumes and when we broaden it out for the full year. While the October daily closing low proved, once again, to provide a floor for the S&P 500, these chart patterns tend to resolve unfavorably over the long run. What we’ve seen since the…
Hedging your long portfolio may be the best way to position oneself as global equities find more selling pressure following the steep declines on Wall Street from Tuesday. U.S. equity futures are pointing to another sharp decline as headlines broke overnight concerning the arrest of Huawie’s CFO. Canada has arrested Huawei’s global chief financial officer in…
BofA Merrill Lynch 2019 Market Outlook: From Peak to Trough, the Market Unfriends Stocks and Bonds, Likes Volatility, and Swipes Right on Cash CATEGORIES Global Markets Merrill Lynch Print to PDFRSS Feed Showing its age, the long bull market cycle of excess stock and bond returns is expected to finally wind down next year, but…...
So we had a pretty strong rally in the major indices on Monday. By now, everyone is aware that a “trade truce” between China and the U.S. has resulted in the latest market uptick. The media has taken to task the trade truce, describing it as lacking substance and less likely to prove an actual…
https://www.youtube.com/watch?v=ZdmQ1HKs2fE...
After a really poor performance in October, the S&P 500 (SPX) rebounded in November. It may not have seemed like it rebounded given the mid-November retest of the October lows, but ultimately the benchmark index finished higher than where it began on November 1st. The S&P 500 closed November up 1.79% from the previous month…...
After some alarming headlines on the political front forced U.S. equity markets sharply lower for much of the trading day on Thursday, a late afternoon rally found the major averages slightly lower on the day. Ahead of the G-20 Summit, President Trump discussed with reporters the possibility of easing trade tensions with China. Trump had…
Markets rallied hard on Wednesday and in unison with Federal Reserve Chairman Jerome Powell indicating that the FOMC was just below the “neutral rate”. In addition to this statement of great consequence, Powell also indicated that the Fed was looking more closely and willing to align with the economic data. Both of these statements and/or…
I had a conversation with a client in the late evenings recently. Yes, in the late evening and as the selling pressure in the markets persisted last week. The conversation centered on the client’s e-mini Futures positions and the general sentiment for the market going forward. He was a bit confused as to the correlations…
https://www.youtube.com/watch?v=T0pCRO_ATRY...
