WRITTEN BY VICKY REDWOOD of Capital Economics There is no doubting that governments have generally pulled out all the stops in announcing big fiscal stimulus programmes. But announcing them is one thing; quickly getting the money to where it is needed is quite another. There is a risk that logistical problems prevent fiscal policy from…
Market and Volatility Commentary: COVID-19 herd immunity and importance of regional datasets – Gangelt, Faroe, Iceland and UAE; Fed’s historic pivot. Mon Apr 13 2020 Understanding the extent of COVID-19 herd immunity, the importance of Gangelt, Faroe, Iceland, and UAE datasets. In our reports last month, we applied big data to model the peak (apex)…...
As investors awaken to another week of trading, they do so with a pretty strong relief rally capping off the previous week. And it wasn’t just a strong week, it was the best week for the S&P 500 (SPX) 1974. With the benchmark index rallying some 20% off of the March 23rd lows, however, and…
On behalf of Finom Group, we want to wish everyone a happy and healthy holiday weekend. As mentioned in last weekend’s Research Report, this weekend would be an “off week” for our Sunday Research Report, and to resume in the following week. Having said that, we still have and desire to offer some notes and…...
Two factors may help mitigate further volatility. BY JURRIEN TIMMER, DIRECTOR OF GLOBAL MACRO FOR FIDELITY MANAGEMENT & RESEARCH COMPANY (FMRCO), FIDELITY Key takeaways The S&P 500 Index entered the week of April 6 down 27% from the high and up 14% from the low set on March 23. At this point it is anyone’s guess…...
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. We are achieving the turning point in the COVID-19 saga as the peak of the epidemic curve has been expressed this past week. Coincidentally, the markets’ relief rally compounded this week with key levels achieved as the…
The rally and close above 2,700 that never was, at least that is probably the best way to describe the S&P 500’s (SPX) action on Tuesday. The benchmark index was up more than 3% (HOD 2,756) at one point Wednesday, but it finished in the red and down by .16 percent. It was the 7th…
There are many things that we know about markets. Probably the most basic and understood truism of the markets is that they have a propensity to price in future expectations, they are forward-looking discount mechanisms. In other words, the changing daily price action is not usually about what is in the media today or even…
BY THE REAL HEISENBERG APRIL 5, 2020 Over the course of the last three months, the world was reminded that when it comes to outbreaks (and especially epidemics and pandemics), it’s nearly impossible to “stay on top of things”, as it were. Due to the myriad cognitive limitations inherent in being human, as well as the…
US Equity Strategy Style Positioning, Value Squeeze, Winner Takes All Rising odds of a sharp Value squeeze in the near-term; however, medium- to long- term setup remains highly favorable for Large Cap, Secular Growth and Low Vol stocks. Growth versus Value is yet again becoming a highly debated topic among investors. Going into 2020, Value…...
