Investors will likely wake up this morning with a common theme or sentiment, “Soooo thankful October is over”! It was a brutal October for investors, having witnessed the major indices retrench into correction territory through the month and with a near 75% increase in volatility. As the calendar turns, investors are now confronted with a…
October has been a brutal month for the stock market, but if Wednesday (Halloween) mirrors the positive action from Tuesday’s trading, it could erase some of the significant damage done to investor sentiment. On Tuesday, the Dow (DJIA) rose 431.72 points, or 1.8%, to 24,874.64; the S&P 500 (SPX) index gained 41.38 points, or 1.6%, to 2,682.63;…
February was a difficult time for investors, having to grin and bear the first market correction in roughly 2 years. Some investors in the market threw in the towel so to speak, others staid the course and were rewarded for their longer-term vision. And so here we are once again on the cusp of another…
Despite what has now been a near 10% S&P 500 (SPX) correction from it’s all-time high set in September, the fear gauge isn’t representing market inefficiency or investor panic. Maybe the word “yet” should be placed at the end of the previous sentence given the expected weekly move for the week ahead, maybe? We’ll get…...
The tech sector was hit, once again, quite hard in the early going hours of trading on Wednesday, but the sector rallied hard in the afternoon hours. In total, the trading days proved rather benign with the major averages finishing mixed. The S&P 500 index edged up 1.03 points to 2,888.92, less than 0.1%, and the…
With bearish sentiment kicking off the first week of September trading turning to positive sentiment on Tuesday, U.S. equity futures are attempting to carry forward positive momentum on Wednesday. All three major averages finished higher on Tuesday with the tech-heavy Nasdaq proving to be the outperformer, gaining .61% or 48 points ahead of the heavily…
Equity markets closed mostly higher Monday, with the S&P 500 and the Nasdaq each snapping a four-day losing streak. The Dow Jones Industrial Average was the lone decliner on Monday and is leading equity futures lower on this 9/11 trading day. Trade talks and tariff rhetoric continues to weigh on investors appetite for equities of…
In our daily market dispatch Thursday, we discussed the bear vs. bull debate with a focus on the bear case delivered by Morgan Stanley. The firm’s chief market strategist has outlined its bearish case for a rolling bear market and offered the $1trn market cap achievement by Apple Inc. (AAPL) as highlighting the possible end…
After all the hullabaloo on Wall Street Tuesday, the major indices were extremely flat and proved an uneventful trade on Wednesday. The Dow fell slightly with the tech-heavy Nasdaq up a tick. The S&P 500 fell less than a full point as the broadest market index found investors wondering whether or not Tesla (TSLA) is…
Last week, the finale of FANG reports was delivered by Apple Inc. (AAPL) and served to deliver the first $1trn market cap for investors and Wall Street. Some have even characterized the feat of magnificence as “market saving”. With some investor angst alleviated by Apple’s Q3 2018 earnings report, the broader market was pushed higher…
