The present day economic and equity market situation is one concerning “when, not if“. It’s the when that we tend to pontificate and concern ourselves with the greatest. What do I mean; what are we talking about you might be asking yourself. The following S&P 500 chart speaks to the “when”. And when does the…
Another week has passed since the bear market began only a couple of weeks ago and the market seemingly fails to achieve a bottom, but rather easily finds new lows. As of Friday’s close, only 21 days after the S&P 500’s peak, the index was down nearly 32% from that high. On a year-to-date basis,…
By Jennifer Calfas, Margherita Stancati and Chuin-Wei Yap Updated March 19, 2020 11:54 pm ET California ordered its 40 million residents to stay at home except for essential activities beginning Thursday night in the largest such lockdown in the U.S., as the nation’s total coronavirus cases rose to more than 14,000 and an intensifying outbreak in Europe pushed State…
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. COVID-19 continues to plague markets and has taken the economy as a prisoner until further notice. The U.S. economy has taken measures to track, reduce and eventually contain COVID-19, but the measures taken come at the expense…
Wall Street Journal: By Micah Maidenberg, Chip Cutter and Rachel Feintzeig Employers are cutting shifts, suspending work and starting to lay off workers as the new coronavirus devastates business across the country. Companies from restaurant operators to wedding caterers have started to let workers go as they ratchet down operations. Many firms have moved cautiously to date, furloughing…
Equity markets rebounded Tuesday and what has been the trending, up 1 day and down the next day routine. The S&P 500 (SPX) expressed another turn around Tuesday by rising roughly 6% on the day, only to be surpassed by the Nasdaq (NDX), which rose nearly 6.5% on the trading session. But with turn around…
Over the weekend the Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus. Unfortunately, the stock market recognizes that…
Things are getting ugly and policymakers are swinging into action. We now find ourselves in the extraordinary position that interest rates in the US, euro-zone, Japan and the UK have now returned to close what central banks in each case believe is their effective lower bound. As the scale of the economic and market disruption…
This article appeared first in the Wall Street Journal by Nick Timiraos Updated March 15, 2020 5:03 pm ET The Federal Reserve slashed its benchmark interest rate to near zero on Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an aggressive bid to prevent market disruptions from aggravating what…
A quick Finom Group housekeeping note: Due to travel engagements this coming weekend, we will be foregoing our weekly Research Report this weekend and be back on schedule in the following week. Our usual SOTM video will be due out Thursday evening! Does it seem like “forever ago” that we were looking ahead to 2020…
