That was something for all the market pundits and critics to behold last week was it not? The mantra surrounding the disbelief in the market rally that started in late April has been FANG, FANG, FANG. What we actually saw during the 5-day reporting cycle for FANG, however, was a market that held up rather…...
We’re going to start with some of the more favorable market headlines before getting into why the Nasdaq is set to pullback significantly as indicated by the equity market futures. The more favorable headlines come from that which has created a major investor sentiment roadblock for several months now, trade tariffs and spats around the…
By Max A. Cherney When Alphabet Inc. reports earnings Monday, the European Union’s $5.07 billion Android antitrust fine will ruin the company’s profit. The fine against Alphabet was formally announced last week and Google has said it plans to appeal the fine. However, the company disclosed in an SEC filing that it will account for the fine in…
It was a big “nothing burger” for investors in the equity markets last week, as by and large the major averages finished nearly flat on the week. For the week, the Dow eked out a gain of 0.2%, while the S&P rose less than 0.1%. The Nasdaq notched a decline of less than 0.1%, enough…...
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…
https://www.youtube.com/watch?v=vNO-TTgv1a4...
That wasn’t as bad as it could have been or maybe even should have been, now was it? The Dow Jones Industrial Average fell 1.2%, or 287.26 points, to close at 24,700.21. At its intraday low, the Dow was down by as many as 420 points. Tuesday’s decline marked the 6th straight drop for the Dow,…
The CBOE Volatility Index fell for a sixth straight session on Thursday, dropping to 13.23. Briefly during the trading session, the VIX dropped below 13 before recapturing the 13 level. This marked the VIX’s lowest close since Jan. 26, meaning it has completely erased the massive spike it saw in early February, when concerns over…
Investors are hopeful that April proves a better month for equities than did March and after closing out a bearish quarter for the benchmark S&P 500. Through March, the Dow fell 3.7%, the S&P 500 lost 2.7%, and the Nasdaq fell 2.9 percent. In the first quarter, the blue-chip gauge fell 2.3% and the S&P…...
The U.S. Dollar has made headlines all week and came under pressure earlier in the week after Steve Mnuchin indicated a weak dollar was ideal for the U.S. economy. Shortly thereafter, President Trump noted that those comments were taken out of context and that he appreciated a strengthening USD. The USD briefly rebounded on President…
