Although equity futures rose sharply on Wednesday morning and CPI data proved innocuous, those gains were quickly erased once Wall Street opened to greater volumes. We’ll get to the CPI data in a moment, but knowing those gains were quickly going to be erased didn’t demand a crystal ball, and we’ll show you why! The…
Let’s get right to the heart of the matter and as we look forward to the coming week, which should be an eventful one as it includes midterm elections. First up to bat we’re going to take a look, rather quickly, at the latest auto sales. “But you guys haven’t said much in reporting weeks…...
October has been a brutal month for the stock market, but if Wednesday (Halloween) mirrors the positive action from Tuesday’s trading, it could erase some of the significant damage done to investor sentiment. On Tuesday, the Dow (DJIA) rose 431.72 points, or 1.8%, to 24,874.64; the S&P 500 (SPX) index gained 41.38 points, or 1.6%, to 2,682.63;…
Tuesday, once again, found U.S. equities under pressure with the Dow Jones Industrial Average (DJIA) falling over 500 points in the first hour of trading. But through the remainder of the trading day, the Dow, S&P 500 (SPX) and Nasdaq (NDX) all rallied. The Nasdaq and S&P 500 both went positive at one point, but…
The route on Wall Street continued on Thursday with the major indices extending their losses from Wednesday. The Dow is down roughly 1,400 points in the last 2 trading sessions. The Dow held above its 200-day trend line but closed below its 50-day at 25,995.09. On Wednesday, the S&P 500 snapped a 74-session string without…
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…
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…
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…
We kicked-off the trading week with another round of sector rotation whereby the broader indexes further decoupled in price action. The Dow Jones Industrial Average found industrials and consumer stocks in retreat, resulting in the index shedding some 180 points on the day. The broader S&P 500 index fell roughly 10 points or .35%, also…
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…...
