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…...
In the past trading week, investors/traders were once again at the mercy of trade headlines. It was only 2 weeks ago that “the tweets seen round the world” sent global equities tumbling. The tweets from the Real Donald Trump Twitter account stated that existing tariffs would be elevated from 10% to 25% and that is…...
The fears of profound losses to the equity markets in the event that tariffs have been increased were overblown… or were they? We wouldn’t let the sharp intraday reversal off the lows on Friday, which found the S&P 500 (SPX) finishing up nearly .40%, fool us into believing we’re out of the woods just yet. …...
Well, that was much to do about nothing given the anticipation that came ahead of the trading week. When it was all said and done, the S&P 500 moved all of 5 points higher for the week and once again finished within its weekly expected move. What is truly remarkable about the drawdown from Q4…...
Good morning fellow investors. This week’s Research Report will hit with greater brevity than you’ve seen with many of our Research Reports since we launched in December 2017. Also, it will be solely delivered by Seth Golden, Finom Group’s chief market strategists and managing director of the Golden Capital Portfolio. I’m often asked the following…...
