Markets rallied hard on Wednesday and in unison with Federal Reserve Chairman Jerome Powell indicating that the FOMC was just below the “neutral rate”. In addition to this statement of great consequence, Powell also indicated that the Fed was looking more closely and willing to align with the economic data. Both of these statements and/or…
I had a conversation with a client in the late evenings recently. Yes, in the late evening and as the selling pressure in the markets persisted last week. The conversation centered on the client’s e-mini Futures positions and the general sentiment for the market going forward. He was a bit confused as to the correlations…
If you thought Monday was ugly for global equities, it didn’t get any better on Tuesday. U.S. equity indexes fell sharply, again, on Tuesday with the Dow Jones Industrial Average (DJIA) leading the way lower by 2.2 percent. The Dow was down more than 630 points intraday at its lows. The Nasdaq (NDX) fell 1.7%…
Upon waking up Wednesday morning you might see something you haven’t seen in the past 29 days with regards to the VIX and the VIX Futures Term Structure. In the 5:00 a.m. EST hour, U.S. equities are pointing to a 1% move higher with the Dow Futures up some 240 points. The VIX is under…
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…...
February was a difficult time for investors, having to grin and bear the first market correction in roughly 2 years. Some investors in the market threw in the towel so to speak, others staid the course and were rewarded for their longer-term vision. And so here we are once again on the cusp of another…
Equities recaptured much of what they had lost from Wednesday’s market rout on Thursday, but those gains look fleeting now after revenue misses from the likes of Amazon (AMZN) and Alphabet (GOOGL). U.S. equity futures are sharply lower ahead of the opening bell on Wall Street after the two tech titans failed to perform. Shares…
Is it the Fed? Is it China’s bear market? Is it Italian sovereign debt? Take your pick, but it is probably none of the above or all of the above that sent U.S. equities reeling on Thursday. China’s stock market plunged deeper into bear market territory overnight on Thursday, which found European equities under pressure.…
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…
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…
