Some of the 21st century’s biggest breakthroughs are happening in health care, transforming the way we diagnose, treat and prevent grave diseases. From gene sequencing and proteomics to the prospect of artificial intelligence (AI)-enabled drug discoveries, what seemed like science fiction just a few years ago is increasingly an everyday reality. These advancements are prompting…...
Welcome back investors and traders! This past week proved a pretty strong bounce-back week for markets after the prior week’s downturn was somewhat to-be-expected. What happens in the week ahead and in the month of January will either find the bull parade marching higher or the bears slowly awaking from a year-long slumber. Finom Group…...
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As we entered 2024, investors have been told that just because the calendar changes that doesn’t mean the market trend changes. It turns out, once again, that market sentiment and even price action can and do change as the calendar year changes. It’s not an “all the time” expression, but it does happen quite often.…...
by Michael Cembalest...
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The Major Trend Index held at a neutral reading of zero in the week ended December 22nd. Bullish market action continues to be the main prop under the MTI—and the week’s improvement within the Technical work fell just short of what was needed to boost that category up another notch. In light of the improving…...
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We discuss: how S&P 500 valuation is very reasonable as we enter 2024 and this is particularly notable when compared to the 2022 market peak. 2023 is rapidly coming to a close with a mere 5 trading days left. Two important economic releases come Friday, the Nov Core PCE deflator (Street +0.20% MoM) and U…...
IT’S OFFICIAL! The S&P 500 has achieved our year-end price target of 4,750, formerly disseminated within our weekly Research Report titled “The Worst Month For Capital Returns In Focus : September 2023.” Below is the excerpt from within this report and link: “As we weigh the evidence, add up the tailwinds and headwinds, and recognize that…...
