by Thomas Thornton | Apr 24, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures slightly lower after US equities were stronger on Tuesday with the S&P and Nasdaq closing at new record highs. Asian markets mixed overnight. China eked out a gain after underperforming over the first couple of days this week....
by Thomas Thornton | Apr 23, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures slightly higher +0.1%, near best levels, after US equities put in a mixed performance in uneventful trading on Monday. Asian markets mixed overnight. China underperformed again following Monday selloff. European markets mostly lower...
by Thomas Thornton | Apr 23, 2019 | Daily Note
The market continues to “melt up” which is a narrative heard at times when 1. People can’t explain the moves since they don’t mesh with current fundamentals 2. And near tops. The chart above is a Google Trends chart for “melt up” and there have been several periods...
by Thomas Thornton | Apr 22, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures down 0.35% after US equities finished mixed last week, with a number of cyclical plays outperforming, defensives lagging and healthcare coming under meaningful pressure. Asian equities mostly lower overnight with several markets...
by Thomas Thornton | Apr 22, 2019 | Daily Note
The strategy “Sell in May and go away” is a well-known financial-world adage, based on the historical underperformance of stocks in the “summery” six-month period commencing on May 1st and ending on October 31st, compared to the “wintery” six-month period from...
