A “buy everything rally” ensued on Tuesday, which is known as “turn around Tuesday and which has held true of late. The past 3 Tuesdays the S&P 500 (SPX) has closed up 4.9%, 6.0%, and 9.4 percent. If you only invested on Tuesday, the S&P 500 is up 16.6% so far in 2020. Unfortunately, the…
Over the past few days, economists and strategists are coming out with forecasts for economic growth, earnings, and asset prices. These forecasts range wildly from 20, or 50% or 70% declines on any of these measures. In reality, all of the measures forecasted heavily depend on how long the economy will stay shut down in…...
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If you just looked at the closing prices for the major averages on Monday, you might have overlooked the significance in the headlines that surfaced before the market opened that day. The Federal Reserve said Monday it will launch a number of programs aimed at helping markets function more efficiently as the aim to help…
The present day economic and equity market situation is one concerning “when, not if“. It’s the when that we tend to pontificate and concern ourselves with the greatest. What do I mean; what are we talking about you might be asking yourself. The following S&P 500 chart speaks to the “when”. And when does the…
Another week has passed since the bear market began only a couple of weeks ago and the market seemingly fails to achieve a bottom, but rather easily finds new lows. As of Friday’s close, only 21 days after the S&P 500’s peak, the index was down nearly 32% from that high. On a year-to-date basis,…
By Jennifer Calfas, Margherita Stancati and Chuin-Wei Yap Updated March 19, 2020 11:54 pm ET California ordered its 40 million residents to stay at home except for essential activities beginning Thursday night in the largest such lockdown in the U.S., as the nation’s total coronavirus cases rose to more than 14,000 and an intensifying outbreak in Europe pushed State…
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. COVID-19 continues to plague markets and has taken the economy as a prisoner until further notice. The U.S. economy has taken measures to track, reduce and eventually contain COVID-19, but the measures taken come at the expense…
Wall Street Journal: By Micah Maidenberg, Chip Cutter and Rachel Feintzeig Employers are cutting shifts, suspending work and starting to lay off workers as the new coronavirus devastates business across the country. Companies from restaurant operators to wedding caterers have started to let workers go as they ratchet down operations. Many firms have moved cautiously to date, furloughing…
Equity markets rebounded Tuesday and what has been the trending, up 1 day and down the next day routine. The S&P 500 (SPX) expressed another turn around Tuesday by rising roughly 6% on the day, only to be surpassed by the Nasdaq (NDX), which rose nearly 6.5% on the trading session. But with turn around…
