Growth is slowing for both the economy and earnings and is unlikely to bottom until 1H2022. Meanwhile, earnings revisions breadth has deteriorated sharply over the past month, a leading indicator for NTM EPS. Most of this deterioration has been due to costs and supply but demand looks vulnerable. Odds are increasing that growth will continue…...
Research Report Excerpt #1 Putting some more context to this past Friday’s price action, with a minor loss in the S&P 500, this was the more probable and even predicted price action based on the overbought and/or overheated conditions Seth had been analyzing during the course of the trading week. On Thursday, the S&P 500…
Welcome back traders and investors. New highs, new highs and not quite new highs. What am I referring to? Well, the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) both made new all-time highs this week while the Nasdaq (COMPQ) failed to achieve this feat of strength. Close, but close is not going to…...
“One-half of life is luck; the other half is discipline — and that’s the important half, for without discipline you wouldn’t know what to do with luck.” — Carl Zuckmayer If you would like to review the weekly State of the Market video, please click the included link. Have a great trading week! (video…...
Research Report Excerpt #1 Over the last twenty-one years, the full month of October has been a solid month for the market. DJIA, S&P 500, NASDAQ, Russell 1000 and Russell 2000 have all recorded gains ranging from 0.6% by Russell 2000 to 1.9% by NASDAQ. But these gains have come with volatile trading, most notably…
Markets rallied again this past week, but finished on a high note unlike the previous week’s rally. The S&P 500 (SPX) was up 3 days in a row to end the week, but it hasn’t been up a 4th day in a row since Aug 25, 2021. Given the 2-week win streak, it may also…...
Patient, tactical, resourced, and disciplined investors are always rewarded! Manage those characteristics and you will “massage” your returns higher! ~Seth Golden If you wish to review the State of the Market video, please click the provided link. Have a great trading week Finom Group traders and investors! Panic/Euphoria model from SentimenTrader is off its peak…...
With the Fire portion of our Fire and Ice thesis playing out, we await the timing and magnitude of Ice as the determinant of when the mid-cycle transition will be over. We continue to favor consumer services over goods stocks and highlight our analysts’ key picks. Winter is coming but timing unclear.Fire has arrived with…...
Research Report Excerpt #1 Before we get to that though, recall what Finom Group offered in its most recent weekly State o the Market, and regarding Call and Put Open Interest strikes. First time in many, many months that we are vulnerable to a delta-hedge selloff, with: 1) heavy put open interest strikes on SPY below market 2)…
Welcome back traders and investors! It is still a tricky, and muddled trading landscape. We have entered the 4th quarter of 2021 and the most volatile month of the calendar year for the markets. Coming off the worst week for the S&P 500 since January, the first full week of trading in October started with…...
