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 take a look at a market that is consolidating in time, but not so much in price… yet, perhaps. A look at some aspects of financial conditions, the yield curve and past…...
April 20, 2020 Bill Miller 1Q 2020 Market Letter There have been 4 great stock market buying opportunities in my lifetime. The coronavirus has given us the 5th. The first was in 1973-74. The Vietnam War was still underway. Then war broke out in the Middle East in October of 1973. Oil prices soared, inflation…
Market and Volatility Commentary S&P 500 back to highs? Quantifying Fed impact on the multiple; Sunshine – a factor in reducing COVID- 19 spread The COVID-19 pandemic trajectory and recovery is currently the key driver of financial markets. In our recent work, we used big data and a multidisciplinary scientific approach to forecast the date…...
Another rough session on Wall Street Tuesday, which is otherwise known as “turn around Tuesday”. Unfortunately, there was no “turn around”, as crude oil continued its route to the downside on Tuesday, plumbing levels never experienced before. Additionally, this proved to be the worst Tuesday of the year for the market in 2020. The S&P…
I was told the market could only go higher! Obviously this would never be the case and after one of the strongest rallies in history, the S&P 500 (SPX) should be expected to consolidate some of its recent gains. How much of the gains and over what period of time remains in question, but as…
As we enter a new trading week, investors awaken to an absolute demolishment of the crude oil market, with the price per barrel down some 23% in the 6:00 a.m. EST hour. With a heated debate unraveling and surrounding the reopening of the economy, the U.S. equity market has rallied over the previous 3 weeks,…
Through the first 4 days of the trading week, the S&P 500 (SPX) managed to gain 10 points; that’s right, just 10 points in 4 trading sessions and with the VIX still right around 40. The 4-day ROC (rate of change) was rather remarkable low seeing as how the benchmark index rose 12%+ in the…...
There are no proven treatments or vaccines for the novel coronavirus which has sickened more than two million people world-wide and killed nearly 150,000 people, but remdesivir is considered a front-runner in the race to develop a treatment for COVID-19 infections that works. Though the findings reported by Stat are promising, they are not based…
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. The password for the SOTM is: B9+09uk! (Must use password) We have achieved the turning point in the COVID-19 saga as the peak of the epidemic curve has been expressed this past week and governments are considering…
It’s often the case that price action can translate and transform into investor sentiment. When the market is going up, things must be getting better and when the market is going down, things must be getting worse. After a roughly ~25% rally off of the bear market, interim low (2,191) as of last week’s close…
