After a significant 1-week drawdown in the major averages 2 weeks ago, the market had an even greater resurgence this past trading week. The equity markets may have caught a great many investors by surprise, but for those who “stayed the course“, remained unbiased and flexible, these are the traders/investors who proved the beneficiaries of…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review this week’s SOTM. In this week’s episode, we review the decline that was October and the potential market returns for November and beyond. The market has responded to the election with a robustness of breadth and has moved to focus…...
Correction right on schedule.2 weeks ago we called for a second 10% correction in as many months as we felt like investors were a bit too complacent on the uncertainty surrounding the election outcome, unlikely passage of a fiscal stimulus before the election and second wave of Covid-19. Fast forward to today and the S&P…...
As we head into Election Day 2020, the market is seemingly stuck with determining the path it will be taking on the way to its ultimate destination. The destination is higher prices by way of improved corporate earnings through the delivery of a scientifically proven, effective vaccine that can be rolled out over the course…
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. In this week’s edition we dedicate time to the election cycle, historic data related to market performance. Presently, the market is still undergoing a consolidation period whereby support has been held, but demands follow-through and resolution of some of…...
Pfizer has not yet accrued the32 COVID infections for its 1st interim analysis: The fact that Pfizer’s first interim has not been triggered suggests the participants enrolled in the trial may have lower exposure to COVID-19 compared to the general population and/or reported COVID infections overestimating the rate of symptomatic infections. We adjusted our assumptions…...
Markets can prove difficult to understand, making it that much more difficult to create a strategy for extrapolating profits over time. With the election front of mind for a great many market participants, Finom Group encourages investors to recognize that no matter the outcome of the election, an outcome will be achieved. More importantly, however,…
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Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review this week’s SOTM. In this week’s episode, we discuss the upcoming election and how markets might perform up-to and through the election. Current market consolidation remains healthy and with more industries still in an uptrend than not. We encourage viewers…...
Weekly Warm-up: ResistanceHolds; Earnings Upside vsMultiple for Stock Selection Last week’s failure to break through technical resistance for second time suggests the correction isn’t over. We expect softness into and past the election before next leg of bull market. Continue to favor stocks where operating leverage is under appreciated in forecasts. Breaking out is hard…...
