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…
There are many things that we know about markets. Probably the most basic and understood truism of the markets is that they have a propensity to price in future expectations, they are forward-looking discount mechanisms. In other words, the changing daily price action is not usually about what is in the media today or even…
BY THE REAL HEISENBERG APRIL 5, 2020 Over the course of the last three months, the world was reminded that when it comes to outbreaks (and especially epidemics and pandemics), it’s nearly impossible to “stay on top of things”, as it were. Due to the myriad cognitive limitations inherent in being human, as well as the…
Goldman Sachs: The article below is from our BRIEFINGS newsletter of 31 March 2020 More than two months after imposing quarantines to battle the COVID-19 epidemic, China is on the economic road to recovery. Shao Ping Guan, head of the China Equity team and lead portfolio manager of Goldman Sachs Asset Management’s China Equity strategies, shared…
Howard Stanley Marks (born April 23, 1946) is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide. In 2019, with a net worth of $2.2 billion, Marks was ranked 370th on the Forbes 400 rankings of the wealthiest Americans. Marks is admired in the investment community for his…
It was a rather volatile day for traders Tuesday, which “turned” out to live up to its “trade name”, Turn Around Tuesday. From Monday’s exuberance to Tuesday’s doldrums, implied volatility rolled lower despite the rather outsized level of intraday, realized volatility in the market as gauged by the total movement in the S&P 500 (SPX).…
