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 edition we dedicate time to the election cycle, historic data related to market performance. Presently, the market is still undergoing a consolidation period whereby support has been held, but demands follow-through and resolution of some of…...
Pfizer has not yet accrued the32 COVID infections for its 1st interim analysis: The fact that Pfizer’s first interim has not been triggered suggests the participants enrolled in the trial may have lower exposure to COVID-19 compared to the general population and/or reported COVID infections overestimating the rate of symptomatic infections. We adjusted our assumptions…...
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Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review this week’s SOTM. In this week’s episode, we discuss the upcoming election and how markets might perform up-to and through the election. Current market consolidation remains healthy and with more industries still in an uptrend than not. We encourage viewers…...
Weekly Warm-up: ResistanceHolds; Earnings Upside vsMultiple for Stock Selection Last week’s failure to break through technical resistance for second time suggests the correction isn’t over. We expect softness into and past the election before next leg of bull market. Continue to favor stocks where operating leverage is under appreciated in forecasts. Breaking out is hard…...
Stocks inched higher this past trading week, digesting a slew of updates that suggest the global and domestic economic recoveries may prove a long journey for those who choose to sail the markets seas over the coming years. A resurgence of COVID-19 cases in Europe and the U.S. weighed on investor sentiment, as government officials…...
Cyclicals and small caps have gained more attention even as fiscal deal looks less likely because economic recovery has enough momentum to get past the election. Earnings and economic revisions support our barbell of Cyclicals and growth at a reasonable price. Cyclicals have garnered more attention despite fiscal concerns. Amid growing speculation of a potential…...
As one can see in the weekly S&P 500 (SPX) chart below, the week started with significant upside stemming from the reality that headlines of POTUS and FLOTUS positive COVID-19 tests the previous week would result in a more favorable outcome. Fortunately, it appears that the Presidential Family has bounced back from bouts with COVID-19.…...
Equity markets are in the midst of a growth scare for reasons we think will ultimately be resolved by year end, an outcome that may lead to further adjustments in equity prices and leadership. Our annual Tax Loss Selling screen shows 73 stocks that may see technical pressure. Late in August we called fora Growth…...
Cross-asset strategy: President Trump’s COVID-19 test revelation has accelerated his deterioration in the polls and betting odds that began after the Sept 29th Presidential debate. The short-term impact on markets is negative because it adds to the sense of policy disarray at a time when the economy faces downside risks from the fiscal cliff. The…...
