This past week was yet another turbulent week for the major averages, but they managed there best week in over a month and since peaking in September. The S&P 500 (SPX) and Dow (DJIA) gained 2.8% and 2.1% for the week, respectively. The Nasdaq (NDX), meanwhile, rose 0.7 percent. The chart below shows the daily…...
Let’s get right to the heart of the matter and as we look forward to the coming week, which should be an eventful one as it includes midterm elections. First up to bat we’re going to take a look, rather quickly, at the latest auto sales. “But you guys haven’t said much in reporting weeks…...
Despite what has now been a near 10% S&P 500 (SPX) correction from it’s all-time high set in September, the fear gauge isn’t representing market inefficiency or investor panic. Maybe the word “yet” should be placed at the end of the previous sentence given the expected weekly move for the week ahead, maybe? We’ll get…...
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…...
