The S&P 500 (SPX) began the week at 2,733 and traveled all the way up to a closing high for the week at 2,813 and before consolidating on Thursday at 2,806. Why is this relevant? Well, it is relevant due to the efficiency of the market that has seemingly persisted for much of 2018. Weekly…
Wall Street held a post-midterm election rally on Wednesday with the Dow (DJIA) and S&P 500 (SPX) rallying just over 2.10% each. The strength in the two indexes was only dwarfed by the tech-heavy Nasdaq (NDX), which rallied over 2.6% on the trading day. As we suggested previously at Finom Group, should the market’s rally…
We were expecting a rather large move for the S&P 500 (SPX) last week and we sort of got it, but not to the degree or how it was expected to occur. The weekly expected move for the week was $71 and there were several large moves intra-week, but on the whole, the S&P 500…...
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…
If you thought you were getting off the rollercoaster ride that is the stock market on Monday, think again. The major averages witnessed significant selling pressure throughout the morning on Monday, with the Dow down roughly 250 points at its low. But all 3 major averages staged a dramatic turnaround in the afternoon with the…
There is a great deal to discuss in this week’s research report, but we would be remised if we didn’t apologize for the mere fact that we won’t be able to cover every topic within. As such, do continue to read our daily market dispatch for more relevant subject matter pertaining to the equity markets…...
Did we tell ya or did we tell ya? With bond yields rising as sharply as they have since the Fed rate hike and as much as they did on Wednesday, it would prove an impossibility for perma bears, market pundits, analysts with a negative view of the market and/or economy and the media to…
Wall Street is waking up to equity futures and bond yields moving in opposite directions. U.S. treasuries had their largest moves on Wednesday, since June 2011. The 10-yr. Treasury yield climbed over 15 bps to 3.18% and has since moved higher on Thursday morning. It’s not that yields are rising that is causing a modest…
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…
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,…
