The S&P 500 (SPX) did exact what everyone expected it to do this past trading week. If you believe that everyone had the same expectations and the expectations were exactly executed in price action, I have a bridge to sell you! The reality is that the best expectations are satisfied by considering the long-term trend…...
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 review the decline that was October and the potential market returns for November and beyond. The market has responded to the election with a robustness of breadth and has moved to focus…...
A question facing most investors today is the outlook for equities, and more broadly market risk. This ties into the outlook for the COVID-19 recovery, inflation and various technical parameters (such as flows, positioning, volatility and bond-equity correlation). Recently, we have seen a number of strategists calling for a market correction or indicating equities are…...
Does the Rotation Need a Vacation? The new leadership in small caps, cyclical stocks and commodities is well established at this point and definitive in its messaging, in our view – i.e.,economic growth and inflation is likely to surprise on the upside. However, rates remain in “disbelief”and something has to give with equity markets having…...
Finom Group’s official weekly Research Report will begin a new cycle (3 weeks on, 1 week off) on January 31, 2021. In the mean time, here are varied thoughts and analysis on a wide range of subject matter impacting the economy and financial markets from analysts and strategists. Enjoy your weekend and if you have…...
With ten trading sessions of the New Year complete, January and 2021 are off to a modest start. The Covid19 vaccine rollout has proven more difficult than previously forecast by governments, economists and the like. The economy has, by many measures, found a soft patch in economic activities. Lastly, but certainly not least and shy…...
Last Monday, in our January Chartbook, we suggested that the Georgia runoff could be a wildcard for the potential resumption of Value rotation. This would largely end the digestion of the big November Value spike that was taking place over the past 4-5 weeks. We are not fully out of the woods yet, as the…...
The first week of a new year, and the markets continue to trend higher. We don’t know how long overbought conditions can last, but we know that should not be a priority consideration. Our #1 consideration is not to attempt to outthink the market. This will likely prove detrimental to our performance. When a severe…...
Wayne and Seth tackle the macro-market issues of the day as the New Year takes shape. Take some time to read the text from the weekly SOTM as our video did not capture the total embodiment of the video. Please click the following link to review the SOTM video. Have a great weekend investors! “Ask…...
Markets Are Discounting Machines.Financial markets look ahead and discount what humans often can’t see or even imagine. 2020 may go down as one of the best examples on record of such vision. The “risk/reward” of investing is always greatest when fear is highest because valuation is cheapest.2020 was textbook in that regard with March offering…...
