Financial Markets Newsletter

Chart of the S&P 500 Futures

Be Thankful for Change

The corner has been turned with the global pandemic as the vaccine calvary gallops towards defeating the coronavirus. I read that the first doses of the vaccine will be distributed in December with larger distributions projected in the April/May time period for the general population. Volatility metrics also kept declining this week which means the […]

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S&P 500 Index NOV 2020

Here Comes 2021…..

We got a new high on the S&P 500 on Friday’s close which means the stock market is looking past the global pandemic and towards the recovery of 2021. On Monday, Pfizer and BioTech announced that their preliminary work on a vaccine was highly effective which means that we are turning the corner on this […]

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S&P 500 Index - NOV 2020

Exhale…….

The market gave an exhale of relief this week despite a Presidential winner not being official. Markets are more concerned about policies over personalities so if the Senate remains republican then gridlock will keep large legislative changes at bay. The government will need to help rebuild the economy in 2021 which will be a bi-partisan […]

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S&P 500 Index - OCT 2020

Decision Time 2020

It is decision time for the S&P 500 and it is no surprise that the Presidential election coincides with a potential top given the policy divergence between the two candidates. If we ignore the politics and focus on the chart below, it looks as though the next move is going to be lower in the […]

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Trends in the S&P 500

Swells of Uncertainty

The waves of uncertainty are washing ashore as the path to 2021 is unclear. On one hand we are experiencing an economic recovery but on the other is a second wave of coronavirus cases (overseas and domestic) that may reverse the economic recovery over the past few months. There are drug companies manufacturing a vaccine […]

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The Fly

The Fly on Mike Pence’s head during the Vice-Presidential debate was the most exciting thing that happened this week. In turn, the S&P 500 continued its breakout from the falling wedge pattern in the chart below – a slow and steady climb. The technicals are not showing many negative signs and are indicating that a […]

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Fighting a Pandemic

A week of fatigue as the prospects for the economy, a vaccine and the petulant political landscape came to a convergence. It won’t last forever but it sure feels like that at times. Remarkably, the stock and bond markets have held up and are riding the wave of liquidity provided by central banks and governments […]

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S&P 500 Index September 2020

Navigating the Waves

There are waves of uncertainty circulating the news cycle every day. Presidential election, economy, recession, recovery, Fed policy, housing, riots, coronavirus, vaccinations and it gives everyone a headache. It is tough to get clarity on these matters these days and the stock has certainly reflected this sentiment these past three weeks. Many are calling for […]

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