Even with better than expected earnings results from the big money center banks and early technology sector reporting, the major indices failed to make headway in the week that was. The S&P 500 (SPX) closed 1.23% below last Friday. Nonetheless, the benchmark index is still up 18.74% on the year. All Things S&P 500 And…...
Another record closing week for the major indices, with all 3 achieving new all-time highs. Additionally, the S&P 500 (SPX) closed above 3,000 for the week and with a .78% move higher for the week ended 7/13/2019. No, the gains weren’t tremendous for the week, but closing above 3,000 is a feather in the cap…...
In the week that was, the S&P 500 (SPX) found itself another leg higher, capturing new record-level highs and nearly hitting the 3,000 level. This was something we had foreseen as being the greater probability based on historic precedence. Remember that the NYSE A/D line had been setting record highs in the previous week, which…...
A quick review from some of our notes in the prior weekly Research Report before we get started, if you please… “The most near-term risk to the market rally is the G-20 Summit meeting between President Trump and President Xi. To reiterate, Finom Group believes the base case scenario is a trade truce that includes:…...
Coming into the trading week, binary risks were looming amidst a rather strong June rally. With the FOMC standing ready to deliver its message and rate path to the market, investors braced for a possible disappointment. When the FOMC announcement came, the flood gates let loose a barrage of equity buying that further lifted markets…...
I think the best way to describe the past trading week would be by using the word “funky”. NO, not like the Funky Cold Medina made so popular by Tone Loc way back in 1989, but funky in the way that it seesawed back and forth all week long, intraday and into the final minutes…...
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. In this week’s SOTM we discuss a vast variety of variables affecting the equity markets as they climb attempt to recapture their former highs. Please click the link to review the video, which runs about 1 hour and 20 minutes. Be careful with…...
Ahead of the opening bell on Friday, June 14, 2019, retail sales and industrial production data will be released. Analysts at Wells Fargo expect a 0.7% increase in retail sales headline. “Retail sales have experienced a volatile monthly performance so far this year. In April, headline sales unexpectedly slipped 0.2% on the month, following an exceptionally…...
Despite the constant news flow and tweets discussing tariffs on Mexican imports, the S&P 500 (SPX) and peer indices all rallied sharply this past week. The Dow (DJIA) jumped 4.7%, its biggest weekly gain since November. It also snapped a six-week losing streak. The S&P 500 and Nasdaq (NDX) were up 4.4% and 3.9% this…...
There are now at least 4 key ingredients drawing upon investor fears and which have resulted in a May, month-long market downturn. The S&P 500 (SPX) finished down 2.6% from last week and 1.3% on Friday. And the cause of the month-long sell-off, resulting in a 6.58% drawdown: Hike in tariffs on imports from China…...
