Stocks closed higher for a 2nd day in a row, as better than expected manufacturing and services sector data out of Europe helped to support the market. U.S. Markit manufacturing and services data also managed to beat economists’ expectation while New home sales continued to rebound since the April-May lockdown period. The S&P 500 (SPX)…
Markets were lifted higher on Monday despite some of the fears surrounding the rise in new COVID-19 cases over the course of the previous week. The S&P 500 (SPX) rose 20 points or .65% on the day, which actually lagged the small-cap Russell 2000 (RUT) and the tech-heavy Nasdaq (NDX) which both rose just over…
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,…
After retreating some 4.7% in the previous week, the S&P 500 (SPX) took back some of the consolidation. For the week, the S&P 500 gained 1.86%, but the week didn’t seem as strong as it was given the latter trading days of the week and with Friday’s drop of just over a half percent. In…...
The background is well known to all. On February 19, the U.S. stock market hit a new all-time high, with the S&P 500 reaching 3,386. Then investors began to price in the novel coronavirus, causing the market to make its fastest trip ever into bear territory, with the S&P 500 down 34% in five weeks…
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 how quickly the 2020 markets move and how the 2009 analogue is still extremely in-tact and/or relevant. We have some near-term concerns surrounding end-of-quarter pension fund rebalancing and the percent of stocks trading…...
Article originally published on Financial Times. It was hailed as a breakthrough vaccine for dengue fever, a neglected tropical disease that kills about 20,000 people each year. Dengvaxia, made by Sanofi Pasteur, was being rolled out to more than 800,000 schoolchildren in the Philippines when reports began trickling in of vaccinated children falling seriously ill,…
by Paul Christopher, CFA, Head of Global Market Strategy and Gary Schlossberg, Market Strategist Key takeaways We expect that the presidential and Senate races will be closely contested and decided, by voter reaction to the president’s handling of nationwide protests in May and June, and by how well the U.S. economy’s reopening is managed. Based…...
That was quite the trading on Monday, now wasn’t it. The daily trading activity started in much the anticipated manner as one might expect, given some of the bearishness in market momentum from the previous week that may have not been completely resolved. On Monday the S&P 500 (SPX) opened lower by roughly 2.5% before…
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,…
