Commentary

1000 Point Gain in DJIA is… Bearish? We hope everyone had a nice holiday and is looking forward to the new year. The market recently bounced off lows with all major indices posting at least 4.5% gains the day after Christmas, a substantial of which was realized towards the end of the trading session. The following day, every index appeared ready to head their way back towards the open of the 26th, but once again

A Poker Game — Featuring the Two Largest Economies This past week we have seen some positive price action take the market by force, driving the S&P 500 back above break-even for the year (Figure 1). The broader equity market posted a strong rally on Wednesday following two words (yes… two words) spoken by Jerome Powell, head of the Federal Reserve, “just below”. This implied that the previously hawkish stance of the Fed was being toned down

Navigating a Continued Slide In our previous post the S&P 500 had just slid 3% and FY18Q3 earnings were just about underway. Today, the S&P 500 closed 27 points below the close of the original 3% slide and it has been quite a choppy ride since then, to say the least. We advised a sideline/neutral mentality as volatility in the market and indecision across investors began to ramp up. In that time, there was a

Equity Sell Off – What’s to Come? There was a significant sell off that shook equity markets during today’s trading session. S&P 500 closed down 95 points (-3.29%), the Dow closed down 830 points (-3.15%), and the NASDAQ 100 closed down 315 points (-4.08%) with the bulk of the losses being posted towards the end of the session. The question remains, what is to come? Futures markets on the S&P, Dow, and NASDAQ continued to slide