“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…
You wanted a rate cut, well you got it! And with that 25 bps rate cut you got an even stronger U.S. Dollar (DXY), pushing upwards of $98.80 and a flattening at the long-end of the bond yield curve (2s/10s = 15 bps spread). So what did Jerome Powell say that the markets adversely responded…
Ahead of Apple’s (AAPL) earnings results and the FOMC rate announcement, troubling Brexit concerns mounted on Tuesday and found the Eurozone indices tumbling. The German (DAX) led the way lower, down more than 2% on the day. The Eurozone equity sentiment found its way into the U.S. equity markets, resulting in a sharp move lower…
The Dow Jones Industrial Average (DJIA), boosted by shares of Apple Inc. (AAPL) was the only of the the 3 major indices finishing in the green on Monday. Investors are preparing for the potential move in markets that will come after the FOMC rate announcement on Wednesday afternoon. The Nasdaq (NDX) was led lower by…
It was a mixed bag of index performances on Wall Street Wednesday. And for a change, the political or above board macro nonsense didn’t seem to impact the major averages as much as presumed. While headlines from the DOJ investigation into Big Tech companies swirled and Facebook settled with the SEC investigation for a $5bn…
