Despite it being a QT day of significance and without the benefits of U.S. Treasury issuance offsets, the major averages still rallied and after the FOMC minutes were released. The minutes proved innocuous by and large, inline with what most economists, strategists and analysts had previously assumed. The assumption was that there would be some…
Here we are, ready to close out the trading week and with the S&P 500 (SPX) quite literally exactly where it started the week, 2,706. Pretty unusual to find 4 trading days having been completed with a flat result, but nonetheless here we are. And with that being said thousands of options are set to…
In the following video, Wayne Nelson discusses the Technology Select Spider ETF (XLK). He offers some technical analysis that may be bombarded with some near-term fundamental earnings headlines from the tech sector. Some of those earnings will come from Apple Inc. (AAPL) after the closing bell on 1/29/19 and Microsoft (MSFT) in the days to…...
The U.S. economy is like a ship trying to navigate its way through difficult waters, JP Morgan Chase (JPM) chief Jamie Dimon said Wednesday. I would tend to agree with Jamie if not for the prolonged government shutdown, which hits its 34th day of being closed and with seemingly no end in sight. And this is not to say…
The two biggest stories from Tuesday’s market trading came from the late afternoon Brexit vote, which failed to pass, and Netflix (NFLIX) choosing to raise prices. The bill was rejected by 432 votes to 202. The 230-vote defeat is thought to be the largest in U.K. political history. Following a controversial amendment, the U.K. government…
2018 could easily be characterized as the year that volatility came back into the market place due to Quantitative Tightening and geopolitical/macro concerns. Asset prices reached record levels in 2017 and through much of 2018, but as the Fed ratcheted higher its rate hikes (4 rate hikes in FY18) the market became increasingly fearful that…
Everything bounced on Monday on… well there really wasn’t any significant news for which the market could reactively bounce. Sure the UK and EU agreeing on a Brexit format/plan was a positive, but it’s highly unlikely that would cause a greater than 1.5% move higher in the S&P 500 (SPX). No, we simply found some…
FEWER S&P 500 COMPANIES HAVE DISCUSSED TARIFFS ON EARNINGS CALLS FOR Q3 COMPARED TO Q2 COMPANIES AND EARNINGS By John Butters | November 9, 2018 During each corporate earnings season, it is not unusual for companies to comment on subjects that had an impact on their earnings and revenues in a given quarter or may have an…
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…...
Back when I was in high school, oh soooo many years ago, a top-10 rap song by Ice Cube was popular. The title of the song was “Today was a good day”. What made the song so popular was the melody and the opening verse: Just waking up in the morning gotta thank God, I…
