Equity markets started the trading week with a strong Monday performance, but from there it became a roller coaster ride for investors. Headlines gripped markets through the week, as debates and negotiations continued for the next potential relief package. When it was all said and done, the jaw-dropping headline that shook global markets came on…...
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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 the SOTM video. In this week’s episode, we look at the battle taking place within the major averages and after both the S&P 500 and Nasdaq drop below their 50-DMA. Markets are deciphering a few tail risks/narratives as the economic data proves…...
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Somewhere’s in the recess of my childhood memories I can now hear Count Dracula from Sesame Street saying, “1 week, 2 weeks, 3 weeks of declines ha ha ha!” And that’s what we’ve seen, as the consolidation period closed out its 3rd week with the S&P 500 (SPX) falling another .64%, the Dow Jones Industrial…...
To kick off the MS Global Healthcare Conference, onSeptember 14, Risinger and Harrison hosted former FDACommissioner Dr. Scott Gottlieb to discuss COVID vaccines, antibodies, and FDA considerations. Dr. Gottlieb is reasonably confident that one or more COVID vaccines will be successful. He believes the Phase 1 and 2 data published thus far has demonstrated relatively…...
Corporate outlook continues to improve on stronger than expected economic and earnings recovery, constructive guidance, as well as positive balance sheet liquidity trends. Earnings recovery is ahead of expectation due to unprecedented policy supports during lockdowns, pickup in global business cycle, accelerated growth from long duration tech plays, and more recently dollar weakness. These long…...
One could make the argument that this is one of the more predictable market pullbacks in recent memory. The major averages had all been expressing overbought and overheated conditions for over a month, and before the downturn began two weeks ago. With consecutive weekly negative returns, this leaves investors considering whether or not the downturn…...
Weekly Warm Up: Big Drop Signals Changing Dynamics Last week’s decline was technical in nature but fundamentally triggered. We think there is more downside over next month but eventually leads to further broadening out of the bull market. S&P may be range bound for rest of year making stock picking critical. Sell off was technical,…...
“The strong rise in equities from the March trough, coupled with bullish options positioning, makes a near-term setback likely. Goldman Sachs: 10 Reasons Why This Bull Market Has Further To Run...
