U.S. equities got off to a rough September trade in the morning hours on Tuesday and after a long Labor Day weekend. With European markets sharply lower, U.S. equities followed suit until European markets closed for the trading day and found U.S. markets recouping almost all their losses by the end of the trading session.…
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.…
After another record setting day on Wall Street Wednesday, equity futures are in the red. Asian markets finished largely in the red and European equity markets are sharply lower in the early morning hours. Before we get into what’s possibly ailing global equities in a moment, let’s take a few seconds to wax nostalgic about…
Remember the daily record advances in the S&P 500 back in January of this year. Remember the VIX rising alongside such advances as the RSI hit record levels during this time period. Investors enjoy or appreciate when the S&P 500 breaks out and to the upside with strength and breadth, as it did back then…
Wall Street rallied sharply on Monday, with both the S&P 500 and the Nasdaq closing at records for a second straight session and the Dow Jones Industrial Average exiting its longest stint in correction territory since 1961. Before Monday, the benchmark index had failed to trade 10% above the closing low of 23,533.20 hit on March 23, but could…
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…...
It’s August 23rd, which means its tariff implementation day between the U.S. and China. A fresh bout of U.S. tariffs on $16 billion worth of Chinese imports commenced on Thursday, prompting Beijing to retaliate with its own tariffs on American goods worth the equivalent. The latest trade escalation comes as officials from the world’s two largest economies meet for…
When it was all said and done for the week, the S&P 500 ended up 0.59% from last Friday and closed the day 0.79% below its record high. The index is up 5.72% YTD (as of Jan. 1), finishing higher in 6 out of the last 7 weeks. This week has an-expected move at $34…
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…...
Two of the most critical economic data points have shown that the economy is continuing to show improvement. The U.S. is a consumer driven economy and as such labor and employment remains atop the economic indicator reports for Finom Group. Initial jobless claims were released yesterday and as they are every Thursday. Initial jobless claims…
