Category: Commentary

Stocks sustain late day gains, finish modestly higher. Indexes bobbed in and out of positive territory on Thursday as a number of catalysts pulled equities in opposite directions including: a volatile session for WTI crude oil, another round of mixed … Continue reading →

Yesterday was an incredible day. Here we present some of the statistical highlights. Crude oil gained over 10% for its largest one-day move since March 2015. It was also the second-largest gain since 2009. Think about this, crude oil has moved 5% (up … Continue reading →

Indexes finish mixed amid choppy trading. Equities got off to another rocky start but staged an afternoon rally on the heels of a 10% spike in WTI crude oil, which followed dovish comments out of the Federal Reserve Bank (Fed) … Continue reading →

The Arms Index (also known as the TRIN) was above 2.0 yesterday for the first time this year. This is significant because previous spikes above this point have marked some near-term lows. The Arms Index is an indicator that compares … Continue reading →

We were recently asked a question regarding New York Stock Exchange (NYSE) margin debt, which we felt warranted a closer a look at this topic. Total NYSE margin debt in December fell to $461 billion, down 2.5% from the previous … Continue reading →

Stocks, oil tumble amid heavy selling pressure. After starting the session notably lower thanks to disappointing earnings from energy juggernaut Exxon, which included a gloomy outlook and a 25% cut to capital expenditures, the sell-off continued to the final bell; … Continue reading →

One sign of this recent bull market has been incredible resiliency. After going nearly four years without a 10% correction, the S&P 500 finally pulled back during the volatility of last fall. What is important to remember, however, is that … Continue reading →

Afternoon buyers retreat, stocks end flat. Indexes shook off early selling pressure stemming from weak economic data at home and abroad to stage an afternoon rally as investors instead focused on the week ahead, but equities failed to hold gains … Continue reading →

After the worst start to a year for the S&P 500 since 2009, the big question is: What could happen in February? Will the weakness continue, or could we see an oversold bounce? After all, going back to 1928, February … Continue reading →

Stocks end bearish month on bullish note. Equities finished the week strong with the S&P 500 closing at its high for both the day and week, though the index fell 5.1% on the month. Spurred by a surprise interest rate … Continue reading →