Monday picked up right where last Friday left off with bond yields and equities both moving higher. The S&P 500 (SPX) rose 1.2% on the day or nearly 35 points. The benchmark index still puts it right smack dab in the middle of its 50 and 100-DMA, having done little more than move sideways over…
Ya’ll ready for another rip roaring week in the markets? After some wild daily swings in the previous trading week, the S&P 500 (SPX) ultimately decline just over 1% while also greatly exceeding the weekly expected move for a 4th consecutive week. Alongside the wild, roller coaster ride last week, the VIX only managed to…
The story of the week: U.S. 2-year by 10-year Treasury yield inversion signals a recession on the horizon. Of course, on the horizon is a subjective forecast bringing about a litany of bearish financial media programming. The latest of the fear mongering commentary comes from the world renowned Ray Dalio, founder of the world’s largest…
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 overextended bond market rally and potential consequences that could create additional equity market volatility, underlying economic data that continues to outline the strength of the consumer and trend-growth GDP pace and what investors…
“It’s all fun and games until someone gets hurt.” We all remember hearing that as kids, but that mainly concerned horseplay and wrestling with our peers and/siblings. Today and in the financial markets, it can mean something very different. Many an investor were hurt after Wednesdays greater than 3% plunge in the major averages and…
Equity markets fall, equity markets rise… and round and round we go with trade headlines proving to stimulate and deflate markets with each passing week. On Tuesday, and following a greater than 1% decline in the major averages on Monday, a rally spurred by trade headlines ensued. But we’ll get to that in a moment.…
Although the S&P 500 (SPX) has fallen sharply, by more than 1%, on two consecutive Mondays, there is a silver lining to glean from all the selling pressure. U.S. equities have remained under persistent pressure and as bond yields have tumbled lower. On Monday, the S&P 500 fell by 1.22% only to be topped by…
At its worst levels of the day on Wednesday, the Dow (DJIA) was down some 550+ points, the Nasdaq (NDX) was down some 120+ points and the S&P 500 (SPX) had fallen back to 2,886 or 1.5 percent. By the end of another wild trading day on Wall Street, however, the Nasdaq finished higher by…
On the surface, Tuesday’s bounce-back, market rally looks promising and proposed a respite from the extreme selling pressure on Monday. Underneath and adjacent the equity market rally, however, caution is being expressed and demands of it investor/trader attention. Investors took to safety on Monday as China allowed the yuan to slump to its lowest level…
Coming into the trading week, Finom Group was of the opinion that last week’s 3%+ drop in the S&P 500 (SPX) was not without more selling pressure near-term. The geopolitical discourse/tensions have become increasingly tenuous due to the escalated trade feud between the U.S. and China and to a lesser extent, skirmishes arising in the…
