In our daily market dispatch Thursday, we discussed the bear vs. bull debate with a focus on the bear case delivered by Morgan Stanley. The firm’s chief market strategist has outlined its bearish case for a rolling bear market and offered the $1trn market cap achievement by Apple Inc. (AAPL) as highlighting the possible end…
After all the hullabaloo on Wall Street Tuesday, the major indices were extremely flat and proved an uneventful trade on Wednesday. The Dow fell slightly with the tech-heavy Nasdaq up a tick. The S&P 500 fell less than a full point as the broadest market index found investors wondering whether or not Tesla (TSLA) is…
The trading day was going swimmingly and seemingly without any headlines of significance until around 1:00 p.m. EST on Wall Street. It was around this time that Tesla’s CEO, Elon Musk, tweeted out the possibility of taking the company private at $420 per share or at a $72bn market cap. The tweet also outlined that…
Posted on August 6, 2018 by Andrew Thrasher, CMT I’ve spent a great of time looking at and studying the volatility market. By no means am I the most knowledgeable on the topic, I’m not that naive. But I’ve been fortunate enough to have my research on the volatility index recognized by the CMT…...
Over the weekend, Finom Group’s weekly research report focused some attention on the strength of corporate buybacks. In the report titled “Markets Look Poised For Gains, but Mid-Term Turbulence Looms Large”, we discussed how outsized corporate buybacks are during the month of August and as displayed in the following chart. Corporate buybacks are set to…
https://www.youtube.com/watch?v=Fv9Zk_KpIjk...
https://www.youtube.com/watch?v=_-wNmx1xz8g...
Last week, the finale of FANG reports was delivered by Apple Inc. (AAPL) and served to deliver the first $1trn market cap for investors and Wall Street. Some have even characterized the feat of magnificence as “market saving”. With some investor angst alleviated by Apple’s Q3 2018 earnings report, the broader market was pushed higher…
Week in Review In the face of drum beating bears and prior tech sector meltdown quarterly reporting from FANG stocks, the 3 major averages have held together quite well in recent weeks. Last week, the finale of FANG reports was delivered by Apple Inc. (AAPL) and served to deliver the first $1trn market cap for…...
It looked as if it was going to be a dreadful day on Wall Street in the early morning on Thursday with the major averages pointing to a steep decline at the market’s open. Within the first hour of trading, however, all 3 major averages bottomed and made a sharp U-turn heading higher through the…
