A review of the 10-year Treasury note’s weekly trading chart indicates that the secular bull market in bonds may have already concluded. Therefore, relief rallies should not be mistaken for encores and instead regarded as exit opportunities from the market gods. In fact, the most recent rally coming off of key support levels appears to […]
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 […]
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 […]
Treasury interest rates are starting to climb and may not necessarily wait patiently for economic data to justify their moves. The most recent news has given no alarm for an overheating economy, especially last week’s disappointing U.S. GDP report. Yet, thus far the 10-Year Treasury Rate has climbed
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
Today, Chairperson Janet Yellen forewarned that the low long term interest rates currentlly being enjoyed by the market could jump once the Federal Reserve begins raising interest rates. The bond market more or less said “So what?” to her comments and finished in positive territory when treasuries tend to reflexively retreat on such remarks. Below […]
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.