Category: Commentary

Last week in our quarterly review, we noted that the S&P 500 in June managed to squeak out a monthly gain of 0.1%, thanks to a huge comeback the last few days. Turning to July, this is historically the best … Continue reading →

Monthly Review/Preview The S&P 500 gained 0.1% for the month, just squeaking out the fourth straight monthly gain for the first time in two years. Considering it was down 4.6% with three days to go, closing green for the month … Continue reading →

Markets trading near flat after third consecutive days of gains. After getting off to a shaky start on Thursday, global equities ended the session with solid gains as traders’ expectations for expanded stimulus measures from central banks in Europe boosted sentiment, … Continue reading →

Today is the last day of the month for June. It has been a wild month, as Brexit talk dominated the first three weeks of the month, then the wild volatility after the surprise vote to leave caught many off … Continue reading →

Rally sputters as equities, oil fall. U.S. equities are largely unchanged to start the final day of the quarter as traders continue to focus on uncertainty around Brexit, while WTI crude oil pulls back from a two-day surge. The pause … Continue reading →

Equities post a second day of solid gains, oil spikes. Major U.S. indexes followed European markets higher on Wednesday in a repeat of Tuesday’s action. Bargain hunting again pushed financials to the top of the sector rankings, while a 3.3% … Continue reading →

Yesterday was a historic day, as the CBOE SKEW Index hit an all-time high. This index looks at S&P 500 tail risk and is calculated by how much investors are willing to pay to be hedged. When demand to be … Continue reading →

Where does the Brexit-induced equity drop (so far) rank? On Friday and Monday, the S&P 500 dropped more than 5.3% for its worst two-day sell-off since late August 2015. The immediate- and long-term ramifications of this development are increasing uncertainty—the … Continue reading →

Stocks add to gains on stimulus hopes. Global equities are again moving higher on Wednesday as traders turn optimistic about the potential for added central bank stimulus in the wake of Brexit. S. markets are poised to add to Tuesday’s … Continue reading →

Stocks bounce as bargain hunters jump in. Stocks bounced back more than 1% today as market participants got a bit more comfortable with Brexit-related uncertainty, looked for bargains, and took advantage of a technically oversold market. Gains in key European … Continue reading →