Are equities about to fall from grace after a seemingly prolonged rally? If you ask two prominent analysts, they seem to believe “the end is near”. The S&P 500 has extended its New Year rally into the current week and after breaking through and closing above a key resistance level last Friday. The feat of…
Welcome to Finom Group’s weekly State of the Market (SOTM) video. Within this week’s SOTM we dive into some of the more recent economic data releases with great detail and analysis. Please click to review the video. To direct the chronology of the video and streamline conversational points of analysis and interest, we offer the following…...
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…
When China sneezes, the global markets may catch a cold! The benchmark Shanghai composite closed officially in bear market territory on Tuesday. The smaller Shenzhen composite moved into bear market territory in February this year. The Shanghai and Shenzhen composites were down around 22% and 26%, respectively, from their 52-week highs. Among the factors weighing on the…
Even with the U.S. House of Representatives passing a one-month bill to fund the government, there remains speculation regarding a government shutdown, as the Senate must also pass the bill. Many are of the belief that Senate passage is possible at present and there will be much discussion on the subject with only 18 hours…
