After 5 consecutive days of declining markets, the major averages fought back with the strongest breadth since January 4th. The Nasdaq (NDX) led the indices with a 2% rally and the S&P 500 (SPX) followed with a rally of nearly 1.5 percent. The Dow Jones Industrial Average (DJIA) lagged its peers with a .79% rally,…
Welcome to this week’s edition of State of the Markets with Seth and Wayne. Please click the link to review the video where we discuss all facets of the daily and weekly market action, assessing the various macro and micro market elements. Below is the outline for easy browsing and navigation. In addition to our…
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…
It was a tumultuous day in the market Monday, even as the framework for a U.S./China trade deal appears to be coming together. Negotiations are in the “final stages” as the two sides plan a summit for the end of March at Mar-a-Lago, President Donald Trump’s Florida resort, sources told CNBC. If a deal is…
Try as it may, the S&P 500 is finding it difficult to stay above that critical 2,800 level. In Tuesday’s trading session, the benchmark index made another run above 2,800 intraday, but much like Tuesday it sold off into the closing bell. Chairman Jerome Powell will continue with his testimony before Congress today and after…
As we look to round out the trading week with U.S. equity futures seemingly brushing off failed votes to reopen the U.S. government and a mixed bag thus far through earnings season, investors will have ample time to study the technicals of the market throughout the weekend. And with that in mind it shouldn’t be…
Please click on the link below to view the video! https://zoom.us/recording/play/-EODMMenR0S7ddbkdemXIw-5t8oHYem7duLoTJxDWR13rDmK01G3EB9TpccysLt4?continueMode=true Video Outline: Introduction to State of Market (opening minutes) December market collapse, liquidity drain, sentiment readings, falling into bear market (3-6 minutes in) Snapback rally from oversold conditions and pension fund rebalancing, not in recession, 1,000 point Dow rally typical of bear market conditions…
Thursday may have proved to be a signal to investors or at least traders that the selling pressure will continue to persist as global economic and political uncertainty also persists. The two have gone hand-and-hand since October. We can suggest the Fed’s “autopilot” commentary sparked the market correction, but other factors have been looming over…
Another roller coaster week in the markets has passed and with it dragging the major averages lower for the week. For the week, the Dow (DJIA) fell 2.2%, the S&P 500 (SPX) dropped 1.6%, while the Nasdaq (NDX) declined 2.2 percent. As depicted in the chart above, the S&P 500, along with its peer indices,…...
By: TONYA GARCIA of MarketWatch Walmart Inc., which reports fiscal third-quarter earnings on Thursday before the bell, is bringing together a variety of services and shopping experiences to create a new kind of retail experience, analysts say. Cowen analysts, writing after last month’s investment community meeting, said the retail giant is using its scale, global growth…
