Forty one! As of this past trading week, the S&P 500 has “clocked” 41 all-time highs (4,429) in 2021. The record for all time highs in a calendar year is 77, “clocked” in 1995. While the record-setting market behavior is notable, it is not where our attention is found. What comes next, and how our…...
As a youth minister, I often find that much of what I’ve learned and preached can help us as investors/traders. What is the purpose of investing/trading, and do our plans meet the purpose. If not, there in lay the work that may need to be done! Does the amount of research I perform fit with…...
Another week has passed and another week has proven the longstanding trend of dip buying activity. This has been the message from the market, during both broad advances in the S&P 500 (SPX) and narrow advances. I emphasize the different advances because the financial and social media tends to do a good job of littering…...
The average length of the bear markets since WW II has been 16 months; the average length of the bull markets has been 5 years. This is the most compelling reason to always be invested in the market; it goes up more than 3 times as often as it goes down. If you would like…...
We remain constructive on equities and see the latest round of growth and slowdown fears premature and overblown. Even though equity leadership and bonds are trading as if the global economy is entering late cycle, our research suggests the recovery is still in early-cycle and gradually transitioning towards mid-cycle. While the second derivatives of macro-cyclical…...
The market appears ready to take on a more defensive character as we experience a meaningful deceleration in earnings and economic growth. Inventory builds are unlikely to offset if order books prove to be inflated as we suspect. Upgrading Staples and adding MDLZ to Fresh Money Buy List. Quality with a More Defensive Twist. Our…...
Good weekend Finom Group members. In this week’s Research Report, I am going to be flying solo as our Vice President and chief market technician Edward Cordoba is recovering from his bout with Covid. Indeed, he is well and fortunate to only have had mild symptoms over the previous week. And as they say, “The…...
“The difference between underperforming and outperforming often comes down to 2 simple variables: To review the weekly State of the Market video, please click the following link. In this week’s episode we discuss the probabilities of a bigger pullback in the market, given the deepest correction in 2021 has only been 4.2 percent. There are…...
2021 has produced another year of above average returns for the major US indices. However, under the surface it has been far from easy to navigate. This is classic mid cycle transition price action-rotations away from higher risk with deteriorating breadth. Indices still appear vulnerable. What’s Next in the Rolling Correction? Since February, financial markets…...
Good weekend Finom Group members! This weekend is our “off reporting” weekend, but as always, we desire to offer our members 3rd party macro-market analysis to consider going into each and every trading week. Here are the latest thoughts and analysis from Merrill Lynch to consider. Have a great weekend! Macro Strategy—As we transition into…...
