In our most recent research report (subscription required), we disseminated the weekly expected move for the S&P 500 starting the week of 11/12/18. As shown in the screenshot below, the weekly expected move is $50… and we got every bit of that weekly move in the very first trading day of the week. The major…
FEWER S&P 500 COMPANIES HAVE DISCUSSED TARIFFS ON EARNINGS CALLS FOR Q3 COMPARED TO Q2 COMPANIES AND EARNINGS By John Butters | November 9, 2018 During each corporate earnings season, it is not unusual for companies to comment on subjects that had an impact on their earnings and revenues in a given quarter or may have an…
This past week was yet another turbulent week for the major averages, but they managed there best week in over a month and since peaking in September. The S&P 500 (SPX) and Dow (DJIA) gained 2.8% and 2.1% for the week, respectively. The Nasdaq (NDX), meanwhile, rose 0.7 percent. The chart below shows the daily…...
The S&P 500 (SPX) began the week at 2,733 and traveled all the way up to a closing high for the week at 2,813 and before consolidating on Thursday at 2,806. Why is this relevant? Well, it is relevant due to the efficiency of the market that has seemingly persisted for much of 2018. Weekly…
Wall Street held a post-midterm election rally on Wednesday with the Dow (DJIA) and S&P 500 (SPX) rallying just over 2.10% each. The strength in the two indexes was only dwarfed by the tech-heavy Nasdaq (NDX), which rallied over 2.6% on the trading day. As we suggested previously at Finom Group, should the market’s rally…
Upon waking up Wednesday morning you might see something you haven’t seen in the past 29 days with regards to the VIX and the VIX Futures Term Structure. In the 5:00 a.m. EST hour, U.S. equities are pointing to a 1% move higher with the Dow Futures up some 240 points. The VIX is under…
We expect a good deal of market anxiety to persist throughout the trading day as the media surveys, polls and analytics suggests this or that may come to pass in today’s U.S. midterm elections. As we mentioned in our latest research report, the elevated VIX (20.27 as of Tuesday morning) and front month VIX futures…
Let’s get right to the heart of the matter and as we look forward to the coming week, which should be an eventful one as it includes midterm elections. First up to bat we’re going to take a look, rather quickly, at the latest auto sales. “But you guys haven’t said much in reporting weeks…...
Back when I was in high school, oh soooo many years ago, a top-10 rap song by Ice Cube was popular. The title of the song was “Today was a good day”. What made the song so popular was the melody and the opening verse: Just waking up in the morning gotta thank God, I…
Investors will likely wake up this morning with a common theme or sentiment, “Soooo thankful October is over”! It was a brutal October for investors, having witnessed the major indices retrench into correction territory through the month and with a near 75% increase in volatility. As the calendar turns, investors are now confronted with a…
