Today marks the end of the historic Quantitative Easing version 3.0. Basically, the Federal Reserve has ended its balance sheet expansion, which has been supportive of our economy for the last several years.
Author Archives: Morgan Paxhia
Stocks resumed their recent risk on rally with strength in international, emerging, small and micro cap stocks. It is interesting to see strength in the technology sector despite the drubbing in price for micro-blogging site, Twitter.
Equities were generally quite tame today as we finished the day pretty much where it began. It wouldn’t be surprising to see the markets digest some of the recent snapback, especially without some positive catalysts.
Equity markets experienced its best weekly gain of the year. We are quickly erasing the recent correction and are now back to levels from two weeks ago. The S&P 500 closed with a gain of 0.73% to 1965.
Markets resumed their winning ways today, led by small and micro cap stocks. The S&P 500 surged back with a gain of 1.24% to end the day at 1951.
What’s up Wednesday? Not the S&P 500, which ended its recent four day winning streak with a decline of 0.74% to 1927. Small and micro caps declined in sympathy of the overall market weakness.
Today the S&P 500 caps the biggest rally in a year, up 1.9% to 1,941. Are we already heading back to record highs? If so, the recent correction will have been nothing more than a blip on the radar.
It is hard to say that the market was actually manic today, but we had a nice follow on from Friday’s bounce. Market breadth was quite strong, especially given weakness in bellwether blue chip, IBM.
Today we bounced, finally! Stocks surged higher right from the open lead by large capitalization stocks. The S&P 500 closed the day higher by 1.3% to 1887 though ended the week lower.
After several days of selling, investors finally had a day of relative calm. The S&P 500 barely managed to end the day with a small uptick to close at 1862.
Volatility is reaching levels not seen in equities in the last several months. U.S. stocks started out the day extremely weak, rallied, sold off and climbed back to end the day lower, but significantly off the daily lows. Talk about whipsaw action.
Another day of less-than-positive action across the investment landscape as international and emerging stocks were weak following yesterday’s sell-off.
Weakness continued on this light trading day, especially in the final hour of trading. The not-so-manic market activity was felt by traders. While Columbus Day is not a major or market holiday, it is still an excuse for a long weekend for many.
The global market weakness extended through today, as investors continued to sell stocks heading into the weekend. The S&P 500 is quickly approaching its 200 day moving average, which is being viewed as support to conclude the recent correction.
Broad market weakness returned today, wiping out all of yesterday’s gains and more. Uncertainty contributes to price confusion and volatility. This action indicates that investors are struggling with the current market and economic variables.
The S&P 500, Russell 2k and Russell MicroCap all experienced gains of > 1.7%. MJIC Marijuana Index and Benzinga 420 Marijuana Index both underperformed, with a gain of 0.09% and a decline of 1.51% respectively.