Cross-asset strategy: President Trump’s COVID-19 test revelation has accelerated his deterioration in the polls and betting odds that began after the Sept 29th Presidential debate. The short-term impact on markets is negative because it adds to the sense of policy disarray at a time when the economy faces downside risks from the fiscal cliff. The…...
Welcome to another trading week!! In appreciation of all of our Basic Membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from our Weekly Research Report. Our weekly Report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with thoughtful insights and analysis, graphs,…
Equity markets started the trading week with a strong Monday performance, but from there it became a roller coaster ride for investors. Headlines gripped markets through the week, as debates and negotiations continued for the next potential relief package. When it was all said and done, the jaw-dropping headline that shook global markets came on…...
Tonight (Tuesday Sept. 29) is the first Presidential Debate on Fox News. Ahead of the first official debate, the equity markets are rebounding off of their recent correction-period lows and with the Nasdaq (COMPQ) recapturing its 50-DMA on Monday. The S&P 500 (SPX) captured the same moving average intraday, but came shy of closing above…
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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 the SOTM video. In this week’s episode, we look at the battle taking place within the major averages and after both the S&P 500 and Nasdaq drop below their 50-DMA. Markets are deciphering a few tail risks/narratives as the economic data proves…...
After 2 trading days having concluded for the week, and despite the seemingly unchanged level in the S&P 500 (SPX), there has been a goodly amount of price action that has taken place. At its trough level for the week-to-date, the S&P 500 dropped to foreseeable and forecastable levels before rebounding on Tuesday with a…
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Welcome to another trading week!! In appreciation of all of our Basic Membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from our Weekly Research Report. Our weekly Report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with thoughtful insights and analysis, graphs,…
Somewhere’s in the recess of my childhood memories I can now hear Count Dracula from Sesame Street saying, “1 week, 2 weeks, 3 weeks of declines ha ha ha!” And that’s what we’ve seen, as the consolidation period closed out its 3rd week with the S&P 500 (SPX) falling another .64%, the Dow Jones Industrial…...
