Investors simply aren’t willing to go out on the risk curve with risky assets (stocks) presently and with a very binary outcome anticipated from U.S./China trade talks set to commence Thursday. This was very apparent in Wednesday’s trading activity that was impacted by a series of headlines suggesting that China was arriving in the United…
Tempted to buy this dip? Presently the risk/reward scenario does not suggest doing so. Over the past 48 hours, there has been a significant sentiment shift in the marketplace and amongst investors given the threat of elevating tariffs on Chinese imports. Equity investors are becoming increasingly uncomfortable leading up to the proposed tariff increase. U.S.…
The major averages went on a wild ride Monday, kicking off what may prove to be the start of increased market volatility given the headlines surrounding U.S./China trade. President Donald Trump’s Sunday afternoon tweets indicated the probability of increasing tariffs on China this coming Friday from the current 10% level to 25% on an existing…
Yesterday’s economic data was once again the highlight of the trading day. Now before you get all “up in arms”, that was just a joke. Of course the highlight of Wednesday’s trading was the Fed Chair’s press conference, post the announcement of no rate hike or cut. Why we are actually talking about a rate…
The economic data continues to slant more positively for most aspects of the economy, shy of manufacturing. While the Chicago PMI data proved to weaken in March, it is a much smaller regional component of the U.S. economic engine that is likely to improve as inventories roll off in the coming weeks and months. With…
The S&P 500 indeed set a new record closing high and all-time intraday high on Monday. It’s different this time because it’s different every time, otherwise we’d have a more colloquial phrasing of “same time”, which we obviously do not. The index nearly hit 2,950 before pulling back a bit into the closing bell…
The last time the S&P 500 achieved a record high was in September of 2018, which is before the most recent new high. After more than seven months, the S&P 500 Index notched a fresh all-time closing high of 2,933.68 on April 23, 2019 and before a modest pullback on Wednesday the 24th of April. …
It’s not often that you’re able to witness a brutal interview of an analyst who was formerly glorified in the financial media for his/her former calls which were accurate… kind of. Morgan Stanley’s Mike Wilson coined and predicted a rolling bear market for 2018, established with an S&P 500 price target of 2,750. After topping…
In reviewing the year-to-date major indices rally, I can’t help but to think that many, many investors have suffered from being captive of the moment and missing the big picture. Being captive to the moment refers to the pervasive negative sentiment that was born out of the Q4 2018 market sell-off. With the S&P 500…
Coming into the final trading day of the week, U.S. equity futures are setting up for a lower open on Wall Street and ahead of Good Friday. All 3 major averages fell on Wednesday, albeit very modestly and without much volume to consider. And while we can rationalize that most index and index ETFs remain…
