We were expecting a rather large move for the S&P 500 (SPX) last week and we sort of got it, but not to the degree or how it was expected to occur. The weekly expected move for the week was $71 and there were several large moves intra-week, but on the whole, the S&P 500…...
Midweek, the markets took a turn for the worse in what is rapidly correlating to the spookiest month of the year, October. Despite the strong gains on Friday, the Dow (DJIA) and S&P 500 (SPX) finished the week down by more than 4%, while the Nasdaq (NDX) posted a 3.7% weekly loss. The steep losses…...
There is a great deal to discuss in this week’s research report, but we would be remised if we didn’t apologize for the mere fact that we won’t be able to cover every topic within. As such, do continue to read our daily market dispatch for more relevant subject matter pertaining to the equity markets…...
Although we haven’t quite hit the earnings season stride, usually marked by the financials reporting results, investors will roll into the start of the 4th Quarter this coming week with a focus on earnings. Coming out of a surprisingly strong 3rd Quarter for equities, many fund managers are in “catch-up” mode. The hope is that…...
Welcome to our latest weekly research report where we’ll be discussing our usual topics surrounding the economy and financial markets. The Dow Jones Industrial Average (DJIA) rose 86.52 points to 26,743.50 on Friday. The S&P 500, (SPX) meanwhile, closed around the flat line at 2,929.67 after rising as much as 0.4 percent intraday. Both indexes…...
Good Sunday morning to all Finom Group subscribers! This week’s research reporting is delivered to subscribers with an emphasis on monthly retail sales and the general dynamics surrounding our neutral risk rating for the S&P 500 (SPX) in September. S&P 500 Expected Move & Lacking Moves of 1% As depicted in the chart above, the…...
We’re going to take the lengthy edge of verbiage off of this week’s research report by focusing more narrowly on the S&P 500 (SPX) and volatility. The reason for this is mainly the causation of seasonality factors that impact markets in the August-October periods. September being the worst month of the year historically for the…...
Despite the noise surrounding global trade and correlated tariffs last week, the S&P 500 finished higher by nearly 1 percent. Additionally, the S&P 500 YTD gain stands at roughly 7.6 percent after correcting nearly 12% in February. Heading into September, the S&P 500 is up 5 consecutive months and with two consecutive monthly >3% gains.…...
August is typically a lesser performing month for the S&P 500, only to be outdone by September. September is historically the worst performing month of the year for the stock market. August is also, historically, the most volatile month of the year with September following suit to a lesser degree. For the aforementioned reasons, the…...
The chart below identifies the S&P 500 (SPX) movement through the trading week that was. And it was quite the roller coaster trading week with wild swings up and down. The major piece of headline making news that ultimately spirited the S&P 500 higher for the week came from the White House. Headlines offered that…...
