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…...
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…...
It was a pretty good day on Wall Street after a couple of downbeat days to end the previous week’s trade. All three major averages finished higher on the day as the Turkish lira rebounded from its recent lows and looks to stabilize further on Wednesday. Even as the S&P 500 has edged within 1%…
We’re going to start with some of the more favorable market headlines before getting into why the Nasdaq is set to pullback significantly as indicated by the equity market futures. The more favorable headlines come from that which has created a major investor sentiment roadblock for several months now, trade tariffs and spats around the…
Another rollercoaster ride on Wall Street yesterday and after the first of the major FAANG stocks reported earnings. Alphabet (GOOGL) reported earnings and revenues that beat analysts’ expectations by a wide margin, producing a rally on Wall Street. But by mid afternoon, the Nasdaq Composite Index, which hit a record earlier, pulled back from highs…
It was a big “nothing burger” for investors in the equity markets last week, as by and large the major averages finished nearly flat on the week. For the week, the Dow eked out a gain of 0.2%, while the S&P rose less than 0.1%. The Nasdaq notched a decline of less than 0.1%, enough…...
