Did we tell ya or did we tell ya? With bond yields rising as sharply as they have since the Fed rate hike and as much as they did on Wednesday, it would prove an impossibility for perma bears, market pundits, analysts with a negative view of the market and/or economy and the media to…
Wall Street is waking up to equity futures and bond yields moving in opposite directions. U.S. treasuries had their largest moves on Wednesday, since June 2011. The 10-yr. Treasury yield climbed over 15 bps to 3.18% and has since moved higher on Thursday morning. It’s not that yields are rising that is causing a modest…
The Dow Jones Industrial Average hit another fresh record high on Tuesday as it closed 122.73 points higher to 26,773.94. But as the continuation of sector rotation continues in the markets, the S&P 500 closed flat at 2,923.43 while the Nasdaq Composite fell half a percent to 7,999.55 and with the tech sector underperforming once again. With at least one…
Although it may have seemed a strong rally on Wall Street Monday, the reality is that it was a mixed bag given tech lagged. The Dow closed up almost 200 points, with the S&P 500 also rising, after headlines that Canada had joined the U.S. and Mexico in a new trade deal. While the new trade deal…
U.S. indices look to end the Q3 2018 period on a high note and as portfolio managers complete their respective quarterly rebalancing efforts and exercises. If you wondered as to why there was such outperformance from the FAANG stocks in Thursday’s trading action, wonder no more as many portfolio managers aim to show ownership of…
Ahead of the rate hike announcement that was delivered Wednesday afternoon, Finom Group had anticipated and forecasted the post announcement move to our subscribers, as shown in the following screen shot from our private Twitter feed. After the end of a two-day meeting, the Fed increased its target for its benchmark-lending rate to a range…
It’s not quite Monday Night Football, but Fed Chairman Jerome Powell’s press conference will prove to be “must see T.V.” shortly after the FOMC delivers a .25 bps rate hike today at 2:00 p.m. Easter Standard Time. The rate hike is not in question, but rather how the FOMC has parsed out its mandates on…
We kicked-off the trading week with another round of sector rotation whereby the broader indexes further decoupled in price action. The Dow Jones Industrial Average found industrials and consumer stocks in retreat, resulting in the index shedding some 180 points on the day. The broader S&P 500 index fell roughly 10 points or .35%, also…
Economic Data Strength Markets have been grinding higher in a low-volatility market for several weeks, months even. Improving economic data, which have pointed to strong economic fundamentals, particularly in contrast to other regions, where stocks have been struggling, has largely supported the gains. But last week even emerging markets began to rally after the latest…
In a recent article titled Gundlach Warnings 5-years in the Making, we outlined some of the erroneous reporting by some of the permabear market participants. Jesse Colombo of Clarity Financial was highlighted within the article as we denoted the following: “What you will notice in Colombo’s article, as it is within Gundlach’s narrative and perspective,…
