Commentary – Page 328 – Beacon Wealth Advisors, LLC

13 Sep

Assessing Friday’s Technical Damage on Equities

The S&P 500 Index sold off 2.45% last Friday (September 9, 2016) in what can be described as a major distribution day for market breadth. In technical analysis, distribution is defined as increased selling of stocks by large institutions on … Continue reading →

13 Sep

Market Update: Tuesday, September 13, 2016

Oil turns lower, equities follow. WTI crude oil is down this morning ($45/barrel) following an International Energy Agency report that suggested the global supply and demand imbalance may take longer to rectify than expected. The S&P 500 is down 1%; … Continue reading →

12 Sep

What Does a Big Drop on a Friday Mean?

For the first time in history, the S&P 500 moved on Friday from within a 0.5% of a new high one day (Thursday) to a new two-month low the next day (Friday). The 2.5% drop was the first move greater … Continue reading →

12 Sep

Market Update: Monday, September 12, 2016

Global markets slide on interest rate and monetary policy concerns. The S&P 500 is trading near flat after Friday’s sell-off, in which most sectors lost over 2%. Utilities and telecom led the decline, shedding 3.8% and 3.4%, respectively. Investors will … Continue reading →

09 Sep

What Does the VIX Say?

Think about this: Since the post-Brexit vote volatility, the S&P 500 has gone 51 straight days without a 1% drop. We are willing to guess no one (LPL Research included) would have ever expected that. Here are some other stats … Continue reading →

09 Sep

Market Update: Friday, September 9, 2016

Stocks’ slide continues; oil pares gains. U.S. equities are following overseas markets lower this morning as traders focus on a slate of Federal Reserve Bank (Fed) speakers ahead of next week’s policy meeting and eye falling WTI crude oil prices, … Continue reading →

08 Sep

What Happens After a Rate Hike?

Market expectations for Federal Reserve (Fed) rate hikes continue to be volatile. Expectations for a hike at the September Federal Open Market Committee (FOMC) meeting have fallen from 34% to 24% over the past week, after weaker than expected readings … Continue reading →

08 Sep

Market Update: Thursday, September 8, 2016

Markets unchanged as oil jumps. U.S. equities are flat in early trading, despite a 1.9% advance in the price of WTI crude oil ($46.35/barrel) on news that U.S. crude stockpiles plunged 12 million barrels last week. Yesterday’s session saw the … Continue reading →

07 Sep

Beige Book Observations

At 2 p.m. ET today, the Federal Reserve (Fed) released the latest edition of its Beige Book. The Beige Book compiles qualitative observations made by community bankers and business owners about economic and banking conditions in each of the 12 … Continue reading →

07 Sep

ECB: Going All In, or Drawing Dead?

Many of you know these poker references (not that anyone in LPL Research plays the game), but for those who do not, “going all in” refers to literally betting all your money on your current hand. As the name implies, … Continue reading →

Category Archives: Commentary