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…
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,…
Good Sunday morning to all Finom Group subscribers! This week’s research reporting is delivered to subscribers with an emphasis on monthly retail sales and the general dynamics surrounding our neutral risk rating for the S&P 500 (SPX) in September. S&P 500 Expected Move & Lacking Moves of 1% As depicted in the chart above, the…...
September being the worst month of the year historically for the S&P 500, declines are largely expected. For the coming week, the expected move for the S&P 500 is $42, much greater than the previous week’s move of just $30. As we mentioned in last week’s reporting, over the previous 22 weeks the expected move has…
Despite the noise surrounding global trade and correlated tariffs last week, the S&P 500 finished higher by nearly 1 percent. Additionally, the S&P 500 YTD gain stands at roughly 7.6 percent after correcting nearly 12% in February. Heading into September, the S&P 500 is up 5 consecutive months and with two consecutive monthly >3% gains.…...
Bear with us…! Asian equity markets had the first opportunity to react to headlines from the United States whereby two of President Donald Trump’s confidants and one-time employees will be sentenced for crimes. While most major Asian markets finished higher overnight and European markets are flat to slightly higher in the early hours on Wednesday,…
