Geopolitical headlines have tilted in favor of the bulls after a month long bearish salting through August. Remember, the S&P 500 was down over 1.5% for the month of August as Hong Kong protests, U.S./Iran sanctions took form, Brexit issues escalated and U.S./China trade relations worsened. Certain of these geopolitical issues, which have economic policy…
Geopolitical exogenous events continue to rattle markets and are creeping into the macro-fundamentals by way of economic data. U.S. equity markets were set to open lower on Tuesday and after the elongated holiday weekend, as additional tariffs were levied against China on September 1st. While that geopolitical issue was met with a flight from risk…
After a sharp drop for stocks at the opening of trade Wednesday, U.S. equities rally more sharply through the remainder of the trading day and took back all that it had lost from Tuesday and more. The S&P 500 (SPX) rose roughly 19 points or .65% on Wednesday as the onset of end-of-month rebalancing proved…
Markets went on another wild ride on Tuesday with the S&P 500 (SPX) opening higher and trading higher in the first half hour of the day by as much as 20 points. The benchmark index nearly touched 2,900 before tumbling, giving back all of its gains and falling some 38 points from the intraday high…
Global and domestic markets went on a roller coaster ride from Sunday night through Monday’s U.S. trading session. Headlines coming from the G-7 summit stated that the U.S. received multiple calls from China concerning trade. President Donald Trump said Monday that China is ready to come back to the negotiating table and the two countries…
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 geopolitical issues around trade, underlying economic data that gathers less attention due to the flare-ups on the trade front and certain of the details coming out of the Jackson Hole summit. Global equities…
The yield curve inverted again on Wednesday, shortly after the FOMC minutes for July were released. Equity markets, however, were able to shrug it off with all three major indices rallying just under 1% and recapturing that which it had lost from Tuesday’s declines. But things are getting a little dicy on Thursday, as equity…
To reiterate, the VIX is above 16 and as such investors/traders should expect to see 1% daily moves in the S&P 500 (SPX)… at least. Tuesday found equities moving down, then up, then back down and closing at the lows of the trading session into the closing bell. So what changed on Tuesday to find…
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…
