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…...
The J.P. Morgan View Growth versus virus now, vaccine versus virus later —an update on a conflict and a hope Cross-asset strategy: The dominant macro narrative of the past several weeks hasn’t changed much, and neither has the pattern of uneven advances across and within global markets. The reality of a booming economy versus the…...
The S&P 500 (SPX) flip flopped this week, but spent the last few days hovering around a 40-point range. The index closed Friday down just 0.19% YTD and is 4.77% below its record close set just 5 months ago. The benchmark index was up 1.25% for the week, while achieving a new bear-to-new bull market…...
