Athanasios P. Fassas 1 and Nikolas Hourvouliades 2,* 1. Department of Accounting and Finance, University of Thessaly, Larissa 41110, Greece 2. Department of Business Studies, American College of Thessaloniki, Thessaloniki 55535, Greece Received: 10 June 2019; Accepted: 28 June 2019; Published: 1 July 2019 Introduction A fundamental principle of finance is the positive expected return-risk…...
IN THIS ISSUE Macro Strategy—A fundamental change in the Federal Reserve’s (Fed’s) approach to achieving its inflation target means monetary policy is shifting from a headwind to a tailwind in 2020. The pattern of the U.S. business expansion over the past 10 years shares many similarities to the previous longest expansion in the 1990s. Like…...
The trading week that was ended in a manner that many may have not anticipated. As we read this week’s Research Report, we can’t help but to recall the setup for the trading week that was found with some anxiety surrounding the December 15 tariffs. Investors had a choice to make at the beginning of…...
MACROECONOMIC OUTLOOK: Our view is that the market turmoil and economic slowdown over the past 18 months is not marking the end of the business cycle, but rather represents a reset similar to crises that occurred every 3 years after 2008 (2011/2012, 2015/2016, and 2018/2019). In 2020, the global economy is expected to grow at…...
The S&P 500 (SPX) has been on a wild ride this past trading week and it remains a guesstimate as to how investors will anticipate a trading week that ends ahead of a potential binary market driver. As we discuss the potential market and economic driving forces in this week’s Research Report, we encourage investors/traders…...
ByMichael WursthornDec. 1, 2019 5:30 am ET The bears are circling retailers ahead of the holiday season. Short sellers have revived their bets against bricks-and-mortar retailers in recent weeks, taking their most aggressive positions in months. Short positions against the SPDR S&P Retail fund, one of the biggest retail exchange-traded funds, last week hit 441%…...
Good Sunday and as a reminder, our weekly Research Report issuance will begin again on December 9, 2019. This week’s State of the Markets video is being postponed until further notice, as technical difficulties remain. We are attempting to record, however, this Sunday evening (December 1st) and if successful will deliver the weekly State of…...
MARKETS AND INVESTING: November 22, 2019 Read the latest Weekly Headings by CIO Larry Adam. Key Takeaways Plentiful Jobs Harvest Should Help Economy Trot On Low Turkey Prices Means More to Gobble Up All S&P 500 Sectors Part of The Positive Parade Happy early Turkey Day! We believe in giving thanks throughout the year, but…...
Good Sunday morning to all! I, Seth Golden, will be flying solo on this Research Reporting mission as our chief technical analyst Edward Cordoba and our chief operating officer Wayne Nelson are in travels this weekend. So while the cats are away… let’s play, as they say! We do have a little housekeeping to take…...
Authored by Thompson Capital Management Recently Forgotten Recency bias. Source: NY Times In psychology, “recency bias” is the term that describes our tendency to use the recent past as the baseline for what will happen in the future. While recent action in markets might suggest that 20 is a ceiling for the VIX Index, that…...
