Chop, chop, chop…, no better way to describe the last 2 trading days on Wall street as the S&P 500 (SPX) finds itself with sputtering above the 3,000-level and during the peak of earnings season. Nonetheless, when we compare Wednesday’s SPX chart with that of the previous session, the market is still favoring the bulls.…
Doing well, doing well, doing well, doing well… and then…It’s all fun and games until the flows stop flowing and the earnings start missing estimates. It proved quite the choppy day on Wall Street as the S&P initially climbed and held onto gains for much of the trading session, but then… The S&P 500 (SPX)…
The trading week has started more positively than the last and with small caps bridging the lagging gap between large caps, as the Russell 2000 (RUT) proved the outperformer on Monday. The S&P 500 gained almost .7% or 20 points on Monday, now more than halfway toward completing the $3/point weekly expected move. Other than…
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. Our dialogue this week aims to rationalize the numerous headlines while recognizing the impact on financial markets. We focus on a recent report from Morgan Stanley that…
The S&P 500 (SPX) is only about 1.5% away from its all-time high, so everyone must be a winner right? Not exactly! If we look at the historic performance record and positioning in the market, cash levels remain extremely high and equity market leverage. Here is what the quant team at J.P. Morgan had to…
Did you see that coming? It was quite the rally on Wall Street Tuesday, the first trading day after the Columbus Day holiday. With the bond market back up and running and no deflating U.S./China trade headlines, the S&P 500 (SPX) rallied sharply. The benchmark index finished a cool 1% higher on the day with…
One of the more “confined/restrained” market performance days I’ve seen in recent history. The S&P 500 (SPX) fell slightly and alongside its peer indices on Monday, after futures were pointing much higher. Futures made a u-turn on headlines out of China that proved to confuse investors with regards to last Friday’s trade de-escalation and signaling…
Were you paying attention to the headlines in the after hours trading session on Wednesday? If the answer is no, you’re probably no worse off and as multiple, conflicting trade headlines proliferated across media outlets. Dow Jones equity futures fell some 300 points Wednesday evening as a report via the South China Morning Post revealed that the…
Additions to the Commerce Department’s blacklist, announced visa restrictions on Chinese government and Communist Party officials who are believed to be involved in abuse of Uighurs and other Muslim minority groups in Xinjiang, China, and we simply can only imagine what else might be to come ahead of the Thursday trade talks between the U.S.…
Ahead of the Thursday resumption of U.S./China trade talks, it seems both parties are doing their best to impede progress toward some sort of deescalation in the 15-month trade feud. The U.S. Commerce Dept. announced 28 new additions to its blacklist of Chinese entities, over human rights of its Muslim minority the Uighurs. Not necessarily…
