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…
Welcome to this week’s edition of State of the Markets with Seth and Wayne. Please click the link to review the video where we discuss all facets of the daily and weekly market action, assessing the various macro and micro market elements. Below is the outline for easy browsing and navigation. In addition to our…
Here we are, ready to close out the trading week and with the S&P 500 (SPX) quite literally exactly where it started the week, 2,706. Pretty unusual to find 4 trading days having been completed with a flat result, but nonetheless here we are. And with that being said thousands of options are set to…
It’s not often that the market allows you to hedge before a significant daily move, but that’s exactly what happened on Monday with the market opening flat to higher and before reversing course. In Finom Group’s weekly research report, we mentioned our desire to hedge against a probable move lower for the current reason, mainly…
Hedging your long portfolio may be the best way to position oneself as global equities find more selling pressure following the steep declines on Wall Street from Tuesday. U.S. equity futures are pointing to another sharp decline as headlines broke overnight concerning the arrest of Huawie’s CFO. Canada has arrested Huawei’s global chief financial officer in…
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…
