If you were concerned for the economic data to be released by China overnight, color yourself in the same camp as many investors. But for all of the concern, China managed to surprise economists with better than forecasted growth in the Q1 2019 period. Beijing said its economy expanded by 6.4% year-on-year in the first…
Remember all the way back in January 2019 all the calls for a retest of the lows from December 2018? With each passing month since, those calls have faded into the misty background and proven more of a bias towards recency and fear than anything else. Some of the worst calls for market moves ever…
Defining What We Mean By Liquidity “Liquidity” is a word that is used to mean different things in different contexts. There is accounting liquidity, and market liquidity, and systemic macro liquidity. But they have one thing in common: cash is king. Take a simple example. You want to buy a new car that costs $30k.…
Welcome to our weekly State of the Markets (SOTM) video analysis. Within this week’s episode we discuss all macor-fundamentals surrounding the economy to better understand where the equity markets may be heading in 2019. Please click the following link to review the SOTM and for the sake of streamlining, we have offered a segmented outline…
It was another uneven trading day on Wednesday, but all 3 major averages finished in the green, led by the Nasdaq (NDX), which was higher by nearly .7% on the day. One of the sentiment headwinds for equities may have been removed for the next several months, but the market’s strong YTD performance will still…
Equity markets fell on Tuesday with the S&P 500 (SPX) halting an 8-day winning streak. The Dow Jones Industrial Average (DJIA) led its peer indices to the downside with a 190-point slide and on the heels of Boeing (BA) slashing its FY19 forecast. Additionally, investors revisited global growth fears after the International Monetary Fund (IMF)…
If you haven’t heard by now, the S&P 500 (SPX) is riding an 8-day winning streak, the longest in over a year. The Dow Jones Industrial Average (DJIA) was the lone decliner on the first day of the trading week, weighed down by shares of Boeing (BA) and while the S&P 500 and Nasdaq (NDX)…
Good morning and welcome to another trading week that is expected to be rather subdued, but as we know, on any given trading day… anything can happen. With that being said, here are a few notes to consider from our weekly Research Report. In order to read our very detailed weekly Research Report (12 pages),…
Welcome to this week’s State of the Markets video discussion centered on the equity markets. Please click the link provided to review the video discussion between Seth Golden and Wayne Nelson where they dive into all things market related. Discussion centered latest geopolitical rift between the U.S. & MexicoThe U.S. and Mexico trade about $1.7…
It’s now or never. At least that was how Nomura’s Charlie McElligott characterized the potential for a market decline last Thursday for clients. Having previously warned about the “pullback window”, McElligott now specifies the timing of the event, noting that “it has to happen now”, as he currently estimate SPX/SPY consolidated Dealer Gamma to turn…
