Remember the daily record advances in the S&P 500 back in January of this year. Remember the VIX rising alongside such advances as the RSI hit record levels during this time period. Investors enjoy or appreciate when the S&P 500 breaks out and to the upside with strength and breadth, as it did back then…
Wall Street rallied sharply on Monday, with both the S&P 500 and the Nasdaq closing at records for a second straight session and the Dow Jones Industrial Average exiting its longest stint in correction territory since 1961. Before Monday, the benchmark index had failed to trade 10% above the closing low of 23,533.20 hit on March 23, but could…
As U.S./China talks were being held during the day in Washington, investors were found less optimistic about these talks and with the major averages all falling on the trading day. The Dow lost .3% on the day while the S&P 500 and Nasdaq lost .17% and .13% respectively. Volatility was slightly higher in a back…
It’s August 23rd, which means its tariff implementation day between the U.S. and China. A fresh bout of U.S. tariffs on $16 billion worth of Chinese imports commenced on Thursday, prompting Beijing to retaliate with its own tariffs on American goods worth the equivalent. The latest trade escalation comes as officials from the world’s two largest economies meet for…
Bear with us…! Asian equity markets had the first opportunity to react to headlines from the United States whereby two of President Donald Trump’s confidants and one-time employees will be sentenced for crimes. While most major Asian markets finished higher overnight and European markets are flat to slightly higher in the early hours on Wednesday,…
How long is this bull market and where did it begin? This or these questions have given investors a great deal to consider since the media is hyping the longevity of the current bull market. Most media and market analyst types are outlining that “the bull market in U.S. stocks will on Aug. 22 become…
When it was all said and done for the week, the S&P 500 ended up 0.59% from last Friday and closed the day 0.79% below its record high. The index is up 5.72% YTD (as of Jan. 1), finishing higher in 6 out of the last 7 weeks. This week has an-expected move at $34…
Two of the most critical economic data points have shown that the economy is continuing to show improvement. The U.S. is a consumer driven economy and as such labor and employment remains atop the economic indicator reports for Finom Group. Initial jobless claims were released yesterday and as they are every Thursday. Initial jobless claims…
One day the markets are rallying and the next day the markets are sinking. While the direction seems ever changing, the themes are pretty consistent of late, Turkish lira, trade tariffs and emerging market contagion risks. Yesterday, investors decided that in the absence of “more” favorable market news, it would be a risk-off day. By…
It was a pretty good day on Wall Street after a couple of downbeat days to end the previous week’s trade. All three major averages finished higher on the day as the Turkish lira rebounded from its recent lows and looks to stabilize further on Wednesday. Even as the S&P 500 has edged within 1%…
