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…...
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:…...
