The J.P. Morgan View Growth versus virus now, vaccine versus virus later —an update on a conflict and a hope Cross-asset strategy: The dominant macro narrative of the past several weeks hasn’t changed much, and neither has the pattern of uneven advances across and within global markets. The reality of a booming economy versus 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,…
The S&P 500 (SPX) flip flopped this week, but spent the last few days hovering around a 40-point range. The index closed Friday down just 0.19% YTD and is 4.77% below its record close set just 5 months ago. The benchmark index was up 1.25% for the week, while achieving a new bear-to-new bull market…...
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 discuss the Nasdaq’s recent outperformance and general trend with overbought conditions and forward looking probabilities. On the horizon, risks to the market remain centered on fiscal policy needs to sustain the economic recovery. Much…...
On Monday, and with the mega-tech FAANMG stocks coming under significant pressure, the equity markets performed a major reversal intraday. The S&P 500 achieved a new, post-bear market and new bull market high of 3,235 Monday. This was the first new high for the benchmark index since June 8th and a prior to a 5-week…
For a long time, I used to read Reminiscences of a Stock Operator almost every year. I don’t do that anymore, not because I find its lessons dated, but because I had it almost memorized so could direct my attentions elsewhere. The market’s behavior since the March 23rd bottom of 2191 to the 43% gain by July…
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,…
This past trading week, the markets continued to look beyond the rising COVID-19 infection rate and toward a future economic and societal recovery. The S&P 500 (SPX) made a concerted effort to finish the trading week on a high note, which it succeeded in doing. The benchmark index rose 1.76% for the week and finished…...
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 discuss the consistent 2009 adherence of the 2020 market recovery. Additionally, we take a look at some of the election cycle implications for investors as the incumbent is finding approval ratings fall under the…...
Biotechnology | North America COVID-19: Increasing ConvictionMultiple Vaccine Candidates WillHave Pivotal Data Before YE20 While a pre-election result is possible, we see early-to-mid November as our base case for PhIII data. Pfizer/BioNTech and Moderna appear slightly ahead of AstraZeneca for US PhIII data, though we note many details on the PhIIIs have not been disclosed…...
