On the heels of the State of the Union address Tuesday night, equity futures are pointing to modest decline at the open of trading on Wednesday. In assessing the SOTU address, we’re of the opinion it was rather innocuous with points of articulation that spanned from global trade to domestic political strife and found with…
The major averages were higher going into the Fed/FOMC rate decision announcement… and then they doubled their respective gains after the rate hike decision. The move in the market put an end to the Jerome Powell regime market trend of declines post the FOMC rate hike decision. What brought an end to this streak of…
There’s some good and bad residing within every trading day. Yesterday’s good news was the performance or rotation out of large and midcap stocks and back into small cap stocks as the Russell 2000 Index outperformed its larger peer indices. Rotation is a sign of a healthy market as it points to active market participation…
The prior week for equity investors and the major averages was shaping up to be a strong week that is until the markets hit a wall. The latter trading days, Thursday and Friday, found a lack of buyers and more selling pressure, which ultimately drove the S&P 500 below its 50-DMA once again. The following…...
