Stock Market News Update

Bank Of England In The Spotlight Last week, Ed Conway at Sky News noted that while the Bank of England had just cut interest rates, the borrowing costs were not falling. More specifically, borrowing costs were rising. Ed noted that the UK 30-year government bond yield...

S&P 500 Grinds Higher The S&P 500 reversed sharply to the upside on Friday after Jerome Powell's Jackson Hole speech was more dovish than expected. Powell indicated that the labour market weakness warrants interest rate cuts. The recent Nonfarm Payroll report,...

S&P 500 Grinds Higher For the last six weeks, we have cautioned that a correction in the S&P 500, based on probability balance, is likely. However, the index continues to defy gravity and grind higher. We were not surprised by the drawdown in April. In our 6...

S&P 500 Resists Downside Pressure The S&P 500 ended on a high note last week, albeit on low trading volume on Friday. However, there is downside most likely coming for the index. While there are no certainties in the financial markets, fundamental and...

S&P 500 Digests Payroll Revisions The S&P 500 corrected sharply lower on Friday. While the tariff announcement likely contributed to the correction, the announcement was overshadowed by economic data that is pointing to a weakening economy and the prospect of...

S&P 500 Underpinned By High Valuations At the start of the year, we noted that the S&P 500 was sensitive to economic data and earnings, whether on the fundamental, macro, or technical side. That the S&P 500 was priced to perfection. Valuations were high,...

S&P 500 Weakens After A Robust Start The S&P 500 had a robust start to last week; however, it experienced some weakness on Thursday and Friday. The main economic data released last week, including CPI, PPI, and retail sales, were broadly positive and suggested...

S&P 500 Driven By Retail Retail traders and corporate buy-backs continue to drive the S&P 500 and the broader market. Notably, over the last 4 weeks, Bank of America institutional clients and hedge fund clients have been net sellers. Tariffs continue to grab...