As US markets have pulled back, many investors are already looking for a bottom. Investment strategists feel confident the S&P500 will reach new highs by year end 2020. However, September and October are troubling times for the markets usually. Market indicators show US stocks have room to fall.
US stock markets continue to see an extreme concentration of interest in a small number of stocks. Does this signal an imminent sell off or will market participation broaden?
Today we look at Ruble softness along with emerging market weakness in August. Turkey’s issues are highlighted. USD strength pressures a rebound in gold. Market indicators get more bearish. September seasonality is discussed.
Portfolio managers returning to work after Labor Day tend to clean house. Since 1950, September is the worst performing month of the year. A bullish election-year does little to improve on September’s poor overall performance.
S&P 500 has declined 9 of the last twelve years on the first trading day. Options Expiration week (Triple Witching for September) is usually bullish, but beware after that!
Reviewing this week’s sell off in gold and US government bonds, we notice new investor attention on small cap stocks with IWM outperforming the tech laden NASDAQ and S&P 500 indexes. Mercado Libre (MELI) traded down after it posted excellent Q2 results – a case of ‘buy the rumor, sell the news’ and using strength Read more ➝
As we discussed at the end of July, the August rally in US small cap stocks has taken hold. Can this continue as major indexes close in on all time record levels?
The month of August is usually one of the worst months of the year for US stocks. In years of a US presidential election (like 2020), August holds a special spot in the calendar for certain stocks.
Friday Investment Talk: Gaming Companies and TAM, Momentum Stock Sell Off, Hedging with ETFs, Natural Gas and Gazprom
We cover everything from gaming market size to natural gas prices. We even give a glimpse of some of the research tools we use to find secor based ETFs. Momentum stocks and hedging ideas are also tossed around in this week’s short session.
RingCentral joined hands with Atos to market its products worldwide. The opportunity looks big according to 3 investment banks. The stock chart is set up for a break out.