There’s so much to discuss as it pertains to the current S&P 500 (SPX) rally and the Alphabet. No, not just Alphabet’s (GOOGL) earnings, but 3 letters of the Alphabet that serve as signal posts for the S&P 500: E-F-G baby!! E-arnings F-ederal Open Market Committee G-lobal Trade EFG will be the acronym of 2019…
In our weekend edition of Daily Technical Market Recap, Wayne discusses Friday’s market moves as well as what we might expect in the near-term from the various indexes and specific stocks. Another big earnings week is upon us with 100+ companies set to report. Please click the link to watch the video and enjoy the…
I had a conversation with a client in the late evenings recently. Yes, in the late evening and as the selling pressure in the markets persisted last week. The conversation centered on the client’s e-mini Futures positions and the general sentiment for the market going forward. He was a bit confused as to the correlations…
If you thought Monday was ugly for global equities, it didn’t get any better on Tuesday. U.S. equity indexes fell sharply, again, on Tuesday with the Dow Jones Industrial Average (DJIA) leading the way lower by 2.2 percent. The Dow was down more than 630 points intraday at its lows. The Nasdaq (NDX) fell 1.7%…
There was nothing in the FOMC minutes, which were released at 2:00 p.m. Wednesday, that wasn’t already a known to investors and analysts alike. The greatest takeaway from the minutes is that the Fed is continuing on their path of gradual interest rate hikes and believes the economy is healthy/growing. A summary of the Sept.…
After losing 1,400 points on the Dow last week, I’m sure there’s a sense of relief on Wall Street given the tremendous rally Tuesday. Now, if only the major averages can find some semblance of a follow through on Wednesday, investors might be able to avoid the dreaded “double dip”. On Tuesday, the major averages…
The Dow Jones Industrial Average hit another fresh record high on Tuesday as it closed 122.73 points higher to 26,773.94. But as the continuation of sector rotation continues in the markets, the S&P 500 closed flat at 2,923.43 while the Nasdaq Composite fell half a percent to 7,999.55 and with the tech sector underperforming once again. With at least one…
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…
U.S. equities got off to a rough September trade in the morning hours on Tuesday and after a long Labor Day weekend. With European markets sharply lower, U.S. equities followed suit until European markets closed for the trading day and found U.S. markets recouping almost all their losses by the end of the trading session.…
After another record setting day on Wall Street Wednesday, equity futures are in the red. Asian markets finished largely in the red and European equity markets are sharply lower in the early morning hours. Before we get into what’s possibly ailing global equities in a moment, let’s take a few seconds to wax nostalgic about…
