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Financial Research

The Wall Street Debrief

Key Takeaways The S&P 500 closed at 4,697.96 which was up from last week’s close of 4,682.86. Big tech stocks such as Apple and Nvidia have been holding the indexes as high levels despite some weakness in more beta-sensitive parts of the market. Earnings have...

Carl Solder BAfzYlMlQRs Unsplash

Market Moves Sideways After CPI, Closes Down For First Time In 6 Weeks

Key Takeaways S&P closed at 4,682.86 down from an ATH of 4,697.52 last week. This is the first losing week after 5 consecutive weekly gains and a strong move higher. Consumer sentiment hit a 10-year low as the University of Michigan Consumer Sentiment Index went down to 66.8 which was...

Positive Pfizer News Drives Rally in Energy and Reopening Names on Friday, S&P Closes at another All-Time High

Key Takeaways S&P closed at 4,697.52, an all-time high, which is up from last week’s close, also an all-time high, of 4,605.38. This morning’s job report was very positive. Nonfarm payrolls increased by 531,000 handily beating the 450,000 estimate. Leisure, hospitality and professional and business services led the broad-based gains...

All Three Major Indexes Close at All-Time High, October Strongest Month of 2021

Key Takeaways S&P 500 closed at 4,605.38, an ATH, up from 4,544.90. The last 10 days have marked the best reaction to earnings of S&P 500 components in the last two years. Our team noticed that companies that miss earnings appear to be getting more punished this season than in...

Earnings Are Trumping Headline Risks, Market Hits All-Time High and Settles Back

Key Takeaways S&P 500 closed at 4,544.90 up from 4,471.37 last week. The last 10 days have marked the best reaction to earnings of S&P 500 components in the last two years. Despite recent actions by the Biden Administration, clogs in the supply chain are still very bad issues. This...

Everything Rally Appears to Begin As Market Begins Seeing Through Headline Risks

Key Takeaways S&P 500 closed at 4,471.37 up significantly from the 4,391.34 last week. The start to earnings season has been strong. Retail numbers showed that Americans are ready to spend again, and this data is supportive of an element of our thesis that pent-up demand has been delayed, not...

S&P Finishes Slightly Down After Disappointing Jobs Report, But Finishes Week In The Green

Key Takeaways – S&P 500 closed at 4,391.34 which was up from 4,357.04 last week. – We understand there are a lot of headline risks, but we also see a pretty amazing setup for the market to climb a Wall Of Worry. – The VIX has not gone into backwardation...

September Was Worst Month of The Year, But First Day of October Was Strong

Key Takeaways – S&P 500 closed at 4,357.04 this week, which was down from 4,455.48 last week. – We explain why, like many things, the piece of wisdom that stock valuations have to decrease in the face of rising rates is not as simple as you’d like to think. Look...

Markets Stage Reversal After Broad Sell-Off, Risks Remain But Epicenter Holding Up Well

Key Takeaways – S&P 500 closed at 4,455.48 up from 4,432.99 last week. The closing level this week is within a few points of the close two weeks ago. – Monday saw a vicious sell-off with an intraday low of 4,305.91.  Markets closed up 3.4% from that level on Friday....

Markets Have Second Consecutive Week of Losses; Investing Lessons from The Yom Kippur War

Key Takeaways – S&P 500 closed at 4,432.99 down from 4,458.58 last week. The VIX again spiked just above 11% to settle under $21, just like last Frida – There was a spike in bearish sentiment in the AAII survey and a lot of analysts have been turning negative on...

Market Has Five Red Days in A Row As Risks Are Processed

Key Takeaways – S&P 500 closed at 4,458.58 down from 4,535.43 last week. The VIX spiked 11.44% and settled just under $21 after 5 straight red days – The market started the morning in the green, but appeared to have been spooked by the PPI coming in at a record...

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