This week, I had the pleasure of presenting our market outlook to clients at an event held at the Brookfield Zoo in Chicago, IL. As I journeyed through the park, I realized that aspects of the day-to-day operations at the zoo and several of the animals seemed applicable to the state of the economy and…...
That makes a 3-week winning streak for the major averages. The S&P 500 rose roughly 1% in the past trading week as investors eyed and achieved the all-important 3,000 level. As shown in the chart below, the benchmark index is holding nearly 2% above the 50-DMA, while all moving averages are moving higher in a…...
Capital Market Outlook September 6, 2019 IN THIS ISSUE: • Macro Strategy—Central-bank easing and fiscal stimulus in a growing number of countries, together with the Federal Reserve’s (Fed’s) pivot from a hawkish to a dovish policy stance, appear to have helped diminish the downward global-growth momentum. While we are not surprised to see a rising…...
That was the longest, short trading week I’ve ever experienced (Seth Golden taking the helm of this week’s reporting, so we may have a little fun along the way)! Maybe it was the threat of Hurricane Dorian or simply starting the week with a 20-point decline (.69%) on the S&P 500 (SPX). Whatever it was;…...
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video. Our emphasis in this week’s SOTM video concerns the S&P 500 breakout above 50-DMA, market drivers of the week, Nonfarm Payroll data, recession hype, the bullish thesis for the market may not be what most people believe it to be and what…...
Now that’s how you bounce back from a sharp decline in the previous week. And why did markets bounce back this past trading week; markets made it so. When it was all said and done for the trading week, the S&P 500 (SPX) bounced back strongly, ending Friday up 2.79% from the previous Friday. We’re…...
Given the state of macro-affairs that are bleeding into the market outlook, this week’s Research Report will discuss the implications for investors going forward, and largely forgo subject matters related to fund flows as we continue to recognize a flight out of equities and into bonds that has been persistent for the last 3 years.…...
The trading week that was proved confounding for many with twists and turns throughout the trading week. When it was all said and done, however, the S&P 500 (SPX) finished lower by roughly 1/2 percent from the previous week. The good news is that while the week started with a significant 3% drop on Monday,…...
If you had anticipated a wild week via the FOMC rate announcement and press conference, you would have been half right. The FOMC did cut rates by 25 bps, as many anticipated. Additionally, the press conference that followed proved the usual Jerome Powell misstep that many market participants have become accustom to under the chairman’s…...
The S&P 500 (SPX) spent the week rising, shy of a hick-up during the ECB rate announcement, and ended Friday with another record high. The index closed up 1.65% from last Friday, and up 20.7% YTD. All things S&P 500 For the second consecutive week, the S&P 500 managed to also breach and close beyond…...
