Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video. In this week’s episode we discuss the domestic political strifes that are overflowing into the equity markets. While the economic data is supportive of trend-growth and stable earnings, the market has been whipsawed all week long from headlines related to global trade…
The only sample size smaller than two is obviously one, but that’s how many times the stock market has combatted an impeachment, inquiry or otherwise. And with the headlines buzzing on the latest impeachment inquiry, they took the equity markets on a wild ride Thursday. Only twice before have the markets dealt with the threat…
And then the market got itself a’going! Tuesday was a jam-packed day of headlines that began with comments out of the United Nations General Assembly. Speaking to the U.N. General Assembly in New York, the president struck an bifurcated tone about reaching agreements with Beijing and other major trading partners. While slamming China for what…
What drove markets on Monday? Apparently nothing, as all 3 major U.S. indices finished just about flat for the day. It was if the trading day never took place if one looks at the closing values. The S&P 500 finished the trading day off .29 points for the day and on the heels of a…
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video. Our emphasis in this week’s SOTM video concerns the latest FOMC rate cut announcement and what we might expect from the economy and market going forward. We look at certain analogues and past examples of rate easing cycles. Additionally, we discuss some…
While Wednesday’s FOMC rate cut announcement stole the spotlight from other data points and prognostications, there was certainly a lot going on for investors to digest or brush off. Between the Bank of America Fund Manager Survey to the Duke CEO Survey, investors and analysts alike kept their head on a swivel heading into the…
The first trading day post the Saudi Arabia oil field bombings and speculative production slowdown pushed crude oil future (CLF) prices up roughly 15%, with equity prices moving lower Monday. Crude closed near it’s intraday high of roughly $63 per barrel while the S&P 500 (SPX) finished lower by nearly 10 points on the day.…
Welcome to this week’s State of the Markets. Please click the following link to review the SOTM video. Our emphasis in this week’s SOTM video concerns the 3-week rally in the major averages that has been characterized as a sector rotation rally. The bond sell-off we highly anticipated has taken form, underlying economic data remains healthy with CPI rising, but…
In Finom Group’s weekly Research Report, our summation was that the bull market should carry forward, absent any exogenous shocks to the economy and or market. Here is what we offered to our Premium Members this weekend: “One can certainly suggest that we should have expected more good things from the market this past trading…
It has been kind of a “funky” trading week thus far and after 2 straight weeks of strong dip buying activity. With the first 2 trading days of the week completed and rather flattish S&P 500 moves, investors have been scratching their heads. Many investors and traders have been watching underperforming sectors and stocks in…
