Remember the daily record advances in the S&P 500 back in January of this year. Remember the VIX rising alongside such advances as the RSI hit record levels during this time period. Investors enjoy or appreciate when the S&P 500 breaks out and to the upside with strength and breadth, as it did back then…
August is typically a lesser performing month for the S&P 500, only to be outdone by September. September is historically the worst performing month of the year for the stock market. August is also, historically, the most volatile month of the year with September following suit to a lesser degree. For the aforementioned reasons, the…...
When it was all said and done for the week, the S&P 500 ended up 0.59% from last Friday and closed the day 0.79% below its record high. The index is up 5.72% YTD (as of Jan. 1), finishing higher in 6 out of the last 7 weeks. This week has an-expected move at $34…
The chart below identifies the S&P 500 (SPX) movement through the trading week that was. And it was quite the roller coaster trading week with wild swings up and down. The major piece of headline making news that ultimately spirited the S&P 500 higher for the week came from the White House. Headlines offered that…...
In our daily market dispatch Thursday, we discussed the bear vs. bull debate with a focus on the bear case delivered by Morgan Stanley. The firm’s chief market strategist has outlined its bearish case for a rolling bear market and offered the $1trn market cap achievement by Apple Inc. (AAPL) as highlighting the possible end…
Last week, the finale of FANG reports was delivered by Apple Inc. (AAPL) and served to deliver the first $1trn market cap for investors and Wall Street. Some have even characterized the feat of magnificence as “market saving”. With some investor angst alleviated by Apple’s Q3 2018 earnings report, the broader market was pushed higher…
It looked as if it was going to be a dreadful day on Wall Street in the early morning on Thursday with the major averages pointing to a steep decline at the market’s open. Within the first hour of trading, however, all 3 major averages bottomed and made a sharp U-turn heading higher through the…
Investor Sentiment This year has been a year unlike more recent and years whereby the markets trended steadily higher and were somewhat predictable. No, 2018 has been found with lesser investor confidence and enthusiasm post the January period where the tax cuts/fiscal stimulus was otherwise priced into the market. A recent read on institutional-investor confidence…...
Let’s keep this short, but sweet and hopefully the market will perform in kind today. Yesterday was quite the roller coaster ride as the Dow opened sharply lower by roughly 200 points, carrying its peer indices lower. But as the day progressed, the market achieved the most probable outcome, which would be to finish in…
In the latest week, the Dow fell 0.6%, the S&P lost 0.7% and the Nasdaq fell 2 percent. For the month of June, the Dow rose 0.1% while the S&P added 1.1% and the Nasdaq rose 1.3 percent. In the second quarter, the Dow gained 1.4%, the S&P was up 3.6%, and the Nasdaq gained…
