After a 5-month long downtrend in market volatility and an exceptional rally off of the March lows, it has finally come to pass; the market has taken a breather… and it’s about time! Letting some steam out of the new bull market, locomotive engine may be just what this new bull market needs to refresh,…...
What is next for markets? Investors should position forrising odds of Trump re-election In March, we were the first to argue that the market will reach all-time highs (ATH) in 2021, and after the Fed’s second intervention in April, we elaborated why ATH is likely to come even earlier (see here). This was not just…...
Good Sunday to all Finom Group subscribers! This weekend is our 1 weekend of the month where we do not distribute our official weekly Research Report (3 weeks on, 1 week off). We will be back next week with our latest weekly analysis, outlining all factors driving the economy and markets. Nonetheless, we have compiled…...
Fed minutes disappoint with lack of inflation-targeting details or willingness to employ yield curve control. Meanwhile, the recovery is being challenged by a potential fiscal cliff, several universities deciding to move online and escalating political tensions. Breadth continues to narrow. On Friday, Apple contributed 105% of the total return of the Nasdaq 100 and S&P…...
While markets continued to make new all-time highs this week, underlying breadth and momentum suggest caution in the near-term. There has never been, nor ever will be, anything wrong with taking a more cautious approach to managing capital investments from time-to-time. This is especially true if we accept that the market has not had any…...
We’ve made it through another topsy-turvy week in the equity markets relatively unscathed. There was a good deal of sideways action this past week, but all major averages still managed to add gains to their YTD performance. The S&P 500 (SPX) gained .64% for the week, while touching just above the former closing high back…...
IN THIS ISSUE • Macro Strategy—Housing activity and prices are currently picking up, supported by a convergence of cyclical, structural and behavioral forces. This is a positive backdrop for housing-related stocks and will support the recovery in the overall business cycle.• Global Market View—Equities have remained resilient in the face of rising virus cases with…...
If the S&P 500 (SPX) chose to chide the permabears and even poke those in hibernation, it might do so by taking a line from the Spaceballs movie when Lord Helmet offers, “fooled you“, during his comedic battle with Lonestar. The S&P 500 is now up 3.75% for the year and sits 1% from the…...
In some regards, an incumbent seeking reelection fits well into NDR’s historical analysis wheelhouse. The last presidentto not run for reelection when he could have was Lyndon Johnson in 1968. The last president to lose a reelection bid was George H.W. Bush in 1992. No millennial, and few Gen-Xers, have invested under the cloud of…...
Big week for the S&P 500 (SPX), depending on which side of the fence you’re leaning of course! The path of least resistance, advancing higher, proved the path taken through mid-week and until all was lost. There was something to be gained from the weekly trading range whether you were bullish or bearish. That has…...
