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…
October has been a brutal month for the stock market, but if Wednesday (Halloween) mirrors the positive action from Tuesday’s trading, it could erase some of the significant damage done to investor sentiment. On Tuesday, the Dow (DJIA) rose 431.72 points, or 1.8%, to 24,874.64; the S&P 500 (SPX) index gained 41.38 points, or 1.6%, to 2,682.63;…
Coming into the trading week, Finom Group outlined for subscribers its belief that a market bottom hadn’t been found as of yet and volatility would likely head higher before its inevitable decline. Monday investors found a deeply troubled equity market environment whereby the Dow was up more than 300 points at one point before turning…
February was a difficult time for investors, having to grin and bear the first market correction in roughly 2 years. Some investors in the market threw in the towel so to speak, others staid the course and were rewarded for their longer-term vision. And so here we are once again on the cusp of another…
Despite what has now been a near 10% S&P 500 (SPX) correction from it’s all-time high set in September, the fear gauge isn’t representing market inefficiency or investor panic. Maybe the word “yet” should be placed at the end of the previous sentence given the expected weekly move for the week ahead, maybe? We’ll get…...
Equities recaptured much of what they had lost from Wednesday’s market rout on Thursday, but those gains look fleeting now after revenue misses from the likes of Amazon (AMZN) and Alphabet (GOOGL). U.S. equity futures are sharply lower ahead of the opening bell on Wall Street after the two tech titans failed to perform. Shares…
The market statistics have become more grotesque as October rolls on and with most of the major indices faltering. The Dow Jones Industrial Average dropped 608.01 points at 24,583.42 and erased all of its gains for 2018. The Dow has dropped 7.1% in October. The S&P 500 dropped 3.1% to 2,656.10 and also turned negative for the year.…
Tuesday, once again, found U.S. equities under pressure with the Dow Jones Industrial Average (DJIA) falling over 500 points in the first hour of trading. But through the remainder of the trading day, the Dow, S&P 500 (SPX) and Nasdaq (NDX) all rallied. The Nasdaq and S&P 500 both went positive at one point, but…
The bigger they are, the harder they fall…and they don’t get any bigger than the U.S. equity markets. After falling by roughly .5% on Monday, the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) are set for an even greater reset with futures pointing to a greater than 1.25% drop at the onset of…
