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…
Some things never change. That’s why they call them permabears! Jeffrey Gundlach was available and ready to declare, yet again, his bear market call and characterization of the market. It’s an annual ritual for Gundlach, the CEO of Double Line Capital. “The stock market was and still is in a bear market. Stocks could…
Wall Street is in the midst of shedding some of its overbought conditions that have persisted in the prior two weeks. The major averages have been lower for the totality of the trading week leading up to Thursday. Small Cap stocks expressed the largest decline on Wednesday and post the release of the ADP private…
Try as it may, the major averages couldn’t escape the clutches of Boeing (BA) once again on Tuesday. The most heavily, price-weighted stock on the Dow Jones Industrial Average (DJIA) meandered in and out of positive territory on Tuesday, but gave way into the closing bell, dragging down the Dow. The S&P 500 (SPX) and…
By MAXA. CHERNEY TECH REPORTER: MarketWatch At the end of a 2018 filled with scandals and negative headlines, Facebook Inc. is expected to report its most profitable quarter in history. When Facebook releases results Wednesday after the closing bell, the empire of websites and apps controlled by the company is expected to report nearly $6.4…
FEWER S&P 500 COMPANIES HAVE DISCUSSED TARIFFS ON EARNINGS CALLS FOR Q3 COMPARED TO Q2 COMPANIES AND EARNINGS By John Butters | November 9, 2018 During each corporate earnings season, it is not unusual for companies to comment on subjects that had an impact on their earnings and revenues in a given quarter or may have an…
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…
We’re going to take the lengthy edge of verbiage off of this week’s research report by focusing more narrowly on the S&P 500 (SPX) and volatility. The reason for this is mainly the causation of seasonality factors that impact markets in the August-October periods. September being the worst month of the year historically for the…...
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,…
Week in Review In the face of drum beating bears and prior tech sector meltdown quarterly reporting from FANG stocks, the 3 major averages have held together quite well in recent weeks. Last week, the finale of FANG reports was delivered by Apple Inc. (AAPL) and served to deliver the first $1trn market cap for…...
