Written by Neil Shearing, Group Chief Economist 28 April 2020 Last week I outlined how and when virus-induced shutdowns are likely to be eased. This week I discuss how the world may have changed when economies reopen. As I have noted before, the lockdowns have curtailed both supply and demand. Shuttering workplaces and restricting movement…
The S&P 500 (SPX) managed another significant achievement post the fastest bear market plunge in history on Tuesday with a climb back to and above 2,920. But, with that milestone achievement and edging closer to a 61.8% Fibonacci retracement level, off the lows in March, the benchmark index quickly reversed all of it’s morning gains…
Monday markets proved to pick up right where Friday left off with a continued surge in stock prices. The rally didn’t show itself in the safe way that the majority of the relief rally since March 24th though. No, on Monday breadth was strong, tech did not lead, small-caps outperformed and the Equal-Weight S&P 500…
Welcome to another trading week. In appreciation to all of our Basic membership level participants and daily readers of finomgroup.com content, we offer the following excerpts from our Weekly Research Report. Our weekly report is extremely detailed and has proven to help guide investors and traders during all types of market conditions with thoughtful insights…
April 20, 2020 Bill Miller 1Q 2020 Market Letter There have been 4 great stock market buying opportunities in my lifetime. The coronavirus has given us the 5th. The first was in 1973-74. The Vietnam War was still underway. Then war broke out in the Middle East in October of 1973. Oil prices soared, inflation…
Another rough session on Wall Street Tuesday, which is otherwise known as “turn around Tuesday”. Unfortunately, there was no “turn around”, as crude oil continued its route to the downside on Tuesday, plumbing levels never experienced before. Additionally, this proved to be the worst Tuesday of the year for the market in 2020. The S&P…
I was told the market could only go higher! Obviously this would never be the case and after one of the strongest rallies in history, the S&P 500 (SPX) should be expected to consolidate some of its recent gains. How much of the gains and over what period of time remains in question, but as…
As we enter a new trading week, investors awaken to an absolute demolishment of the crude oil market, with the price per barrel down some 23% in the 6:00 a.m. EST hour. With a heated debate unraveling and surrounding the reopening of the economy, the U.S. equity market has rallied over the previous 3 weeks,…
There are no proven treatments or vaccines for the novel coronavirus which has sickened more than two million people world-wide and killed nearly 150,000 people, but remdesivir is considered a front-runner in the race to develop a treatment for COVID-19 infections that works. Though the findings reported by Stat are promising, they are not based…
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. The password for the SOTM is: B9+09uk! (Must use password) We have achieved the turning point in the COVID-19 saga as the peak of the epidemic curve has been expressed this past week and governments are considering…
