U.S. indices look to end the Q3 2018 period on a high note and as portfolio managers complete their respective quarterly rebalancing efforts and exercises. If you wondered as to why there was such outperformance from the FAANG stocks in Thursday’s trading action, wonder no more as many portfolio managers aim to show ownership of…
It’s not quite Monday Night Football, but Fed Chairman Jerome Powell’s press conference will prove to be “must see T.V.” shortly after the FOMC delivers a .25 bps rate hike today at 2:00 p.m. Easter Standard Time. The rate hike is not in question, but rather how the FOMC has parsed out its mandates on…
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…
Economic Data Strength Markets have been grinding higher in a low-volatility market for several weeks, months even. Improving economic data, which have pointed to strong economic fundamentals, particularly in contrast to other regions, where stocks have been struggling, has largely supported the gains. But last week even emerging markets began to rally after the latest…
Equity markets closed mostly higher Monday, with the S&P 500 and the Nasdaq each snapping a four-day losing streak. The Dow Jones Industrial Average was the lone decliner on Monday and is leading equity futures lower on this 9/11 trading day. Trade talks and tariff rhetoric continues to weigh on investors appetite for equities of…
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…
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…
You’ve likely heard a great deal about the most crowded trade in the market, FAANG. With that you’ve probably also heard how as FAANG goes the market goes. These comments have turned into colloquialisms seeing how heavily weighted within many ETFs the FAANG stocks have become in recent years… and rightfully so! Rightfully so and…
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 to halt a string of two straight weekly gains. A big nothing burger indeed! When it comes to the market and the bear vs. bull debate one…
