The weekly expected move for the S&P 500 this week is $37/points. The S&P 500 has now fallen for 3 consecutive days and with media headlines blaming the decline on U.S./China negoitations and economic data (ISM Manufacturing). With the S&P 500 coming into the week at 3,147, just 9 points off its all-time record high…
The S&P 500 (SPX) hasn’t been down more than 0.7% on the first trading day of December since 2008. And then came December 2019, whereby the benchmark index fell by more than .85% on the first trading day of December for the calendar year. So what caused the market hiccup on December 2, 2019 that…
The record rally on Wall Street moves closer to Thanksgiving day as a fear of missing out (“FOMO”) may be creeping into the market. All major indices finished higher and with the S&P 500 (SPX) leading the way on Tuesday, closing up nearly 7 points to 3,140.52. The S&P 500 had its 10th record closing…
Another record setting day on Wall Street to start a holiday shortened trading week. The Dow (DJIA) ended the day above its previous closing high of 28,036.22 set Nov. 18, the S&P 500 (SPX) surpassed its previous closing record of 8,570.66 set on Nov. 19, while the Nasdaq (NDX) finished the session above its last…
Finom Group wants to take this opportunity to wish everyone a festive and safe Holiday season, spent with friends and family. We hope to see you back here, taking part in our well-researched financial market narratives and research reports. Subscribe today to take advantage of our Premium and Contributor Membership level exclusive video analysis and…
Equities took a step back on Tuesday and after another negative trade headline surfaced. On Wednesday, Reuters reported that a phase-one agreement between the U.S. and China may not be completed until next year, as Beijing presses for greater reductions in tariffs and the U.S. President Donald Trump’s administration pushes back with its own increased demands.…
Coming into Wednesday’s trading session on Wall Street, equity futures are pointed lower as media outlets seek out find a geopolitical story of consequence. With the U.S. and China engaged in trade talks, seeking a phase 1 trade deal, reporters gained access to President Donald Trump with the impetus to decipher progress on the trade…
After another modest gain for the major indices on Monday, equity futures are pointing higher. Trade headlines found investors grappling with mixed messages coming from media outlets, for which we wouldn’t certify as anything more than speculation. The main headlines came out from CNBC’s on the ground reporter Eunice Yoon, suggesting that President Trump ruled…
After 3 complete trading days for the week, the S&P 500 has accomplished… basically nothing in terms of points. After breaking above the record achieving 3,100-level, the index has basically retreated to the flatline for the week. The weekly expected move for the benchmark index is roughly $28/points with just 2 trading days left in…
The S&P 500 came, saw and went just beyond 3,100 before finishing the trading day just 5 points higher on Tuesday. Will the 3,100 achievement prove the blow-off-top moment for the benchmark index or is 3,120 in the cards? Remarkably, the Dow Jones Industrial Average (DJIA) finished perfectly unchanged on the day, while the Nasdaq…
