It was another strong week for the major averages. The S&P 500 (SPX) closed the second week of 2020 with another record high, closing at 3329.62. The index is up 3.06% already YTD and up 1.97% from last Friday. Thus far, for 3 consecutive years January has started off rather strongly. Of course, the strong…
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. In 2020, markets continue there seemingly endless melt-up. We all know that when valuations stretch too far beyond their historic average, unkind things tend to take place in the market. As it was in the previous week,…
Was the phase-1 U.S./China deal a good deal or a bad deal? Mr. Market hasn’t cared about a deal through all of 2019, which gets overlooked by a great many investors/traders. The main consideration throughout the escalated trade tensions between the 2 economic superpowers has always been… escalation, more tariffs. Anything that would bring about…
If you thought markets were still frothy heading into the first trading day of the week, that sentiment only grew on Monday as the S&P 500 found itself with yet another record-level high and closing high of 3,288.13. U.S. equity markets bucked the rough European trading session and appears to be “going it alone” in…
As we journey forward, into another trading week ahead, we encourage investors to digest one simple truth when it comes to markets and investing: “Intelligent investors understand the importance of planning for a wide range of outcomes by thinking in terms of probabilities, accepting and understanding that they will be wrong from time to time.…
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. In 2020, markets continue there seemingly endless melt-up. We all know that when valuations stretch too far beyond their historic average, unkind things tend to take place in the market. Currently, sentiment and market breadth register at…
The first 5 trading days of the year are now in the book. CNBC wrote an article about it, to set the stage for what investors might expect given the first 5 days of the year trading statistics. According to the Stock Trader’s Almanac, when the first 5 trading days show a gain, the S&P…
While it wasn’t “bombs over Baghdad“, there was certainly an Iranian retaliation against the U.S. and its installments in Iraq Tuesday evening. Iran launched more than a dozen ballistic missiles against multiple bases housing U.S. troops in Iraq, Pentagon officials said on Tuesday. It was reported by CNN that no U.S. service members were hurt…
After beginning the trading session on the lows Monday and for the first full trading week of the New Year, the major averages rallied throughout the day and to finish at the highs of the trading session. One thing was made very clear during Monday’s turnaround, FAANG delivered the biggest support for the market, ultimately…
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. In 2020, we are already confronted with a new geopolitical event as the U.S./Iran tension have risen to levels of minor military conflict and found with markets retreating a day after hitting record levels once again. Market…
