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…
It’s often the case that price action can translate and transform into investor sentiment. When the market is going up, things must be getting better and when the market is going down, things must be getting worse. After a roughly ~25% rally off of the bear market, interim low (2,191) as of last week’s close…
WRITTEN BY VICKY REDWOOD of Capital Economics There is no doubting that governments have generally pulled out all the stops in announcing big fiscal stimulus programmes. But announcing them is one thing; quickly getting the money to where it is needed is quite another. There is a risk that logistical problems prevent fiscal policy from…
As investors awaken to another week of trading, they do so with a pretty strong relief rally capping off the previous week. And it wasn’t just a strong week, it was the best week for the S&P 500 (SPX) 1974. With the benchmark index rallying some 20% off of the March 23rd lows, however, and…
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. We are achieving the turning point in the COVID-19 saga as the peak of the epidemic curve has been expressed this past week. Coincidentally, the markets’ relief rally compounded this week with key levels achieved as the…
The rally and close above 2,700 that never was, at least that is probably the best way to describe the S&P 500’s (SPX) action on Tuesday. The benchmark index was up more than 3% (HOD 2,756) at one point Wednesday, but it finished in the red and down by .16 percent. It was the 7th…
