It proved a bit of a rocky trading session on Monday, with the major averages rolling back some of their gains through much of the morning. But then came an afternoon market rally as headlines concerning the Boeing (BA) 737 Max airliner. Boeing on Monday said it expects to resume deliveries of its grounded 737 Max…
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 this week’s episode we discuss the the 5-week long S&P 500 rally to record highs. Analysts and strategists have revised higher their year-end and 12-month price targets. Other analysts are revising their global economic output with…
It was another uneventful day in the markets, with the Dow Jones Industrial Average (DJIA) completely flat on the day, the Nasdaq (NDX) falling nearly .3% and the S&P 500 (SPX) rising just 2 points. The VIX, which had been rising since Monday with hedging activity increasing, anticipating a near term pullback to bring about…
U.S. equity markets were little changed on Tuesday and after the S&P 500 hit yet another record high at 3,085 intraday. The S&P 500 has hit a new record high each November trading day thus far, which just happens to be the top month of the year for the record high achievements in the benchmark…
More record highs for the S&P 500 were set Monday and those record highs came alongside varied opinions on the market’s performance for the remainder of the calendar year. The bulls are cheering and bears are reeling from what appears to be a steady melt-up in markets through October’s end and at the beginning of…
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 this week’s episode we discuss the best 6 months of the year to own stocks, the clear signals the market has sent with regards to seasonality and forward looking economic strength and earnings. Our dialogue…
If someone had asked you on Tuesday, “Do you think the market will finish at the highs of the trading day”, what would you have said in response? And why are we asking that question now…? Well, let’s look at the obstacles the market faced on Wednesday. ADP private sector payrolls GDP Q3 2019 FOMC…
Unless you were watching the tech-heavy Nasdaq (NDX) or the small cap Russell 2000 (RUT)… or Grubhub (GRUB), nothing happened in the market on Tuesday. Volume was extremely light again on what proved to be a very flat day for the Dow Jones Industrial Average (DJIA -.07%) or the S&P 500 (SPX -.05%). Investors aren’t…
The breakout investors have all been waiting for has occurred with a new record high on the S&P 500 (SPX) and Nasdaq (NDX). The S&P 500 new high now resides at 3,044 or roughly 16 points about the former high. With Monday’s .56% move in the benchmark index and new closing high of 3,039, the…
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 this week’s episode we discuss October markets and nearly touching the former S&P 500 all-time high on Friday. Our dialogue this week aims to rationalize the numerous headlines while recognizing the impact on financial markets.…
