There is a great deal to discuss in this week’s research report, but we would be remised if we didn’t apologize for the mere fact that we won’t be able to cover every topic within. As such, do continue to read our daily market dispatch for more relevant subject matter pertaining to the equity markets…...
Although it may have seemed a strong rally on Wall Street Monday, the reality is that it was a mixed bag given tech lagged. The Dow closed up almost 200 points, with the S&P 500 also rising, after headlines that Canada had joined the U.S. and Mexico in a new trade deal. While the new trade deal…
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…
Ahead of the rate hike announcement that was delivered Wednesday afternoon, Finom Group had anticipated and forecasted the post announcement move to our subscribers, as shown in the following screen shot from our private Twitter feed. After the end of a two-day meeting, the Fed increased its target for its benchmark-lending rate to a range…
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…
Good Sunday morning to all Finom Group subscribers! This week’s research reporting is delivered to subscribers with an emphasis on monthly retail sales and the general dynamics surrounding our neutral risk rating for the S&P 500 (SPX) in September. S&P 500 Expected Move & Lacking Moves of 1% As depicted in the chart above, the…...
U.S. equities finished higher Thursday, as the S&P 500 extended its winning streak to a fourth straight session and with technology stocks showing improved performance. The Dow Jones Industrial Average advanced 147.07 points, or 0.6%, to end at 26,145.99, its first close above 26,000 this month. The S&P 500 rose 15.26 points, or 0.5%, to…
Yesterday’s market activity was moving right along, swimmingly, with the Dow & S&P 500 slightly negative and the Nasdaq positive up until 2:00 p.m. EST. It was then that the major averages all took a sharp leg lower on reports from Bloomberg that President Trump was prepared and readying his administration to go forward with…
