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…
While the Dow Jones Industrial Average (DJIA) took a breather on Tuesday, falling .3%, the Nasdaq (NDX) rose by .25% and apparently nobody showed up for the S&P 500 (SPX) or its closely correlated Select Sector Spiders ETF (SPY) With the S&P 500 finishing almost exactly flat on the day, SPY had its lowest trading…
Global equities found a sharp risk-on rally as rounds of economic data from China and the United States positively spurred investor sentiment. After a marked improvement in China’s PMI data, the U.S. released both monthly retail sales and ISM manufacturing data. Before getting into the U.S. data, let’s briefly take a look at how China’s…
Welcome to our weekly edition of State of the Markets. Please click the following link to review our take on what is moving the markets and what to expect within the context of portfolio positioning given the macro-fundamental backdrop!Outline: Outline: Introduction to State of the Markets. Briefly touch on market volatility, VVIX broke above 100…
Everyone and I do mean everyone has their eyes, ears and whatever other body part tuned into the bond yield curve (YC). The following intraday chart identifies the movement of the S&P 500 (SPX) and 10-yr. Treasury yield (TNX) for March 27, 2019. (Blue = SPX, pink = TNX) With the near dated end of…
Some lackluster days in the equity markets, roiled to some degree by concerns over the bond yield curve inverting (3-month/10-year), found investor appetite once again. Equity markets surged on Tuesday, with the benchmark S&P 500 leading its peer indices higher and with a gain of .72% on the trading day. It was an uneven day-trade…
