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…
https://www.youtube.com/watch?v=x5fX0CdESMk...
We were expecting a rather large move for the S&P 500 (SPX) last week and we sort of got it, but not to the degree or how it was expected to occur. The weekly expected move for the week was $71 and there were several large moves intra-week, but on the whole, the S&P 500…...
Is it the Fed? Is it China’s bear market? Is it Italian sovereign debt? Take your pick, but it is probably none of the above or all of the above that sent U.S. equities reeling on Thursday. China’s stock market plunged deeper into bear market territory overnight on Thursday, which found European equities under pressure.…
https://www.youtube.com/watch?v=rCePHDUj3r0&t=373s...
There was nothing in the FOMC minutes, which were released at 2:00 p.m. Wednesday, that wasn’t already a known to investors and analysts alike. The greatest takeaway from the minutes is that the Fed is continuing on their path of gradual interest rate hikes and believes the economy is healthy/growing. A summary of the Sept.…
