Capital Markets Summary RS 1Yr Exchange Traded Fund Last Chg % Chg Equities 96 DJ-30 Industrials (DIA) 209.91 0.02 0.01% 96 SP-500 (SPY) 238.42 0.15 0.06% 98 Nasdaq-100 (QQQ) 131.02 0.24 0.18% 94 Russell-2k (IWM) 138.65 -0.10 -0.07% 98 EAFE (EFA) 60.93 0.36 0.59% 87 Emerging […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com Investment Market Commentary US stocks continued advancing despite the Fed’s having given several “last calls” in preparation to shut down this party. The Dow-30 Industrials (DIA), SP-500 (SPY), and Russell-2000 (IWM) made new record highs and the Nasdaq-100 (QQQ) finished just 0.13% within breaking its on […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary Probably the week’s most important economic data release was this Friday’s Employment Situation report, which gave us a positive surprise with unemployment dipping to 4.6% and the addition of 178k new jobs. Nevertheless, neither had any significant impact on the markets. With the […]
By J Clinton Hill, Capital Markets Strategist @ Hillbent.com ETF Market Commentary With exception to the Nasdaq-100 (QQQ), the Dow-30 Industrials (DIA), SP-500 (SPY) and Russell-2000 (IWM) continue to make new highs. Unlike most of the international markets, US stocks are trending upward and displaying remarkable relative strength. I am still of the opinion that […]
Market Condition Analysis It is fair to say that the rally in the S&P 500 is becoming a little overextended. Today, the percentage of its underlying component stocks trading above their 50 day moving average climbed to 56, which puts us into positive momentum territory. With that said, there is probably still more steam behind […]
Yesterday, we saw signs of weakness from consumer and retail bellwethers, Disney (DIS); Macy’s (M) and Fossil (FOSL). Although still at historically low levels, today’s unexpected increase in Jobless Claims (week of May-7-2016) @ 294k vs. consensus @ 267k and previous @ 274k, along with a 10k plus uptick in its 4-week moving average, […]
Market Summary The Bad that can be said about today’s market is that the Dow Jones Industrial Average was down more than 1000 points in its first 5 minutes of trading. The Good is that halfway through the session it rebounded to within less than 100 points from its opening price. However, Ugly showed up […]
Commentary Today’s market was a narrative of risk and flight to safety. The market is finally coming to terms with the realization that
Commentary Equities: The major stock indexes maintained their uptrends and spent most of the week consolidating their gains and establishing support. For the week, they were up as follows: SP-500 (SPY) +0.26%; Nasdaq-100 (QQQ) +0.81%, and Russell-2k (IWM) +0.63%.
Commentary Equities: It’s been a very choppy market over the last couple weeks with plenty of stocks churning on below average volume. On a positive note, there have been no violations of key support levels. The SP-500 (SPY), Nasdaq-100 (QQQ) and Russell-2000 (IWM) were
Commentary & Performance As Frozen’s Elsa would say: “nothing different”. The market condition for equities is unchanged. Large-cap indices such as the SP-500 (SPY) and Nasdaq-100 (QQQ) continue to show resilience relative to the small-cap Russell-2000 (IWM).
Commentary and Performance Summary Wednesday’s trading was relatively flat on once again on weaker than average volume for equities (SPY, QQQ, IWM). While corporate earnings are surprising to the upside, revenues are failing to meet expectations. As an asset class, volatility remains extremely oversold.