Although we haven’t quite hit the earnings season stride, usually marked by the financials reporting results, investors will roll into the start of the 4th Quarter this coming week with a focus on earnings. Coming out of a surprisingly strong 3rd Quarter for equities, many fund managers are in “catch-up” mode. The hope is that…...
U.S. indices look to end the Q3 2018 period on a high note and as portfolio managers complete their respective quarterly rebalancing efforts and exercises. If you wondered as to why there was such outperformance from the FAANG stocks in Thursday’s trading action, wonder no more as many portfolio managers aim to show ownership of…
Ahead of the rate hike announcement that was delivered Wednesday afternoon, Finom Group had anticipated and forecasted the post announcement move to our subscribers, as shown in the following screen shot from our private Twitter feed. After the end of a two-day meeting, the Fed increased its target for its benchmark-lending rate to a range…
It’s not quite Monday Night Football, but Fed Chairman Jerome Powell’s press conference will prove to be “must see T.V.” shortly after the FOMC delivers a .25 bps rate hike today at 2:00 p.m. Easter Standard Time. The rate hike is not in question, but rather how the FOMC has parsed out its mandates on…
We kicked-off the trading week with another round of sector rotation whereby the broader indexes further decoupled in price action. The Dow Jones Industrial Average found industrials and consumer stocks in retreat, resulting in the index shedding some 180 points on the day. The broader S&P 500 index fell roughly 10 points or .35%, also…
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…
Welcome to our latest weekly research report where we’ll be discussing our usual topics surrounding the economy and financial markets. The Dow Jones Industrial Average (DJIA) rose 86.52 points to 26,743.50 on Friday. The S&P 500, (SPX) meanwhile, closed around the flat line at 2,929.67 after rising as much as 0.4 percent intraday. Both indexes…...
In a recent article titled Gundlach Warnings 5-years in the Making, we outlined some of the erroneous reporting by some of the permabear market participants. Jesse Colombo of Clarity Financial was highlighted within the article as we denoted the following: “What you will notice in Colombo’s article, as it is within Gundlach’s narrative and perspective,…
After sideways action in the markets for the first two trading days of the week, the markets may have picked a direction on Wednesday, well at least for the Dow Jones Industrial Average. The Dow finished higher by .61% on Wednesday, but the Dow’s rally didn’t provide leadership as the S&P 500 rose a scant…
If you believe that markets follow earnings, that was made most clear by the global equity markets on Tuesday and as most major global equity markets rose on their respective trading sessions. It had been feared that the escalation of the U.S.-China trade spat would ignite greater fear amongst investors, but this didn’t prove to…
