Boom! It just got “real”, as the kids say. The boom is the equivalent of the S&P 500 (SPX) finally getting back above 4,200, intraday. Is the intraday label 🏷 noteworthy? It is to technicians and algorithms, and a majority of active traders/investors whom monitor such nuances/labels. Having said that, I am of the opinion…...
“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” ~Pele If you would like to watch the State of the Market video, please click the provided link. Have a great trading week and be on the lookout for…...
Interactions with clients suggest our 2023 earnings forecast is now very much out of consensus. This is a change from earlier in the year, and raises the likelihood of earnings disappointment that’s not priced if we’re correct. Meanwhile, narrow and late cycle leadership persists. Thoughts from the Road…Having spent the last few weeks on the…...
There are a great many opinions on the market and the potential outcome/s for the debt ceiling that lay ahead. We have taken the liberty of disseminating such opinions from various Wall Street institutions. Ultimately, Finom Group encourages investors to look toward the debt ceiling as a win-win situation. Fear from this potential event that…...
Welcome to another trading week. In appreciation for all of our Basic Membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from within our weekly Research Report. Our weekly Research Report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with…
Just 10 days ago, the Federal Reserve signaled a likely pause in the rate hiking campaign to fight inflation. Since then, while a risk event had been cleared from the markets, a rally has yet to transpire. In fact, the S&P 500 (SPX) fell 0.3% this past week, its sixth consecutive week of moves less…...
There isn’t much ‘feeling’ on the part of bulls or bears these days. As discussed previously, with seven months having passed since the October low, it doesn’t feel like a bear market, but with the S&P 500 up less than 20% from those lows, it hardly has the feeling of a bull market either. The…...
Long-term trends and short-term emotions are both powerful. Former can build wealth, latter can sabotage that effort. ~Brian G of Alphacharts Facts: Nobody has been more wrong than the 🐻 in 2023. But that does not mean the 🐂 have been right either. Here’s the rub; since 1950, the S&P 500 has never priced and…...
Waking From A Slumber? We’re very skeptical that the rally from last October’s low represents the first leg of new bull market. But if it is—as many believe—then it has unquestionably inherited the worst set of genes we’ve ever observed in the species. Compared with its ancestors of the last 100 years, this, hypothetical (thus…...
Welcome to another trading week. In appreciation for all of our Basic Membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from within our weekly Research Report. Our weekly Research Report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with…
