Spectrum Management Blog

By Spectrum Management Group | September 20, 2016

Video: Low Volatility Brings High Leverage to Markets

Today's video features Benjamin Bowler, the global head of equity derivatives research at Bank of America Merrill Lynch. He discusses the return of market volatility and the impact of last Friday's market selloff on "Bloomberg GO". 

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Topics: Market Recap

By Leslie D. Thompson | May 11, 2015

For the Week Ending May 8, 2015

Monday

The market opened the trading week on an upbeat note but a quiet pattern unfolded for most of the session as the S&P 500 finished up 0.29%. With the Japanese markets closed and the U.K. on hold waiting for elections later in the week, there was little activity to signal a directional move.  Encouraging data from the Commerce Department showed U.S. factory orders in March increased for the first time since last summer.  This news came on the heels of a string of uneven reports on the economy.

Tuesday

Tuesday opened weaker and traded lower throughout the session with the S&P 500 finishing down 1.18%. The U.S. Commerce Department reported that the U.S. trade deficit grew considerably to $51.4 billion, with a stronger dollar and recovering oil prices as the primary culprits.  Some took this report to suggest that the first-quarter GDP (the initial estimate was growth of .2%) would be revised to show a contraction.  However, good news from the National Association of Purchasing Managers reported positive non-manufacturing activity for April.  Improvement in the employment component, raised concerns that Friday’s job’s report may be strong, which could push the Federal Reserve to raise short-term rates earlier than expected. 

 

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Topics: Market Recap, Leslie D. Thompson

By Leslie D. Thompson | May 4, 2015

Markets Recap for the Week Ending May 1st, 2015

Monday

The market started on a weaker note after beginning with a pullback from the record levels printed the previous week. The S&P 500 registered its first down day in four sessions with a 0.41% decline. The NASDAQ continued to be weaker by leading the way down with a 0.6% decline. Although the market started out on a higher note, it began to fade midsession and continued to trade lower into the close.

Tuesday

The markets began on a mixed note and traded down sharply early in the session only to rebound in the next hour and trade higher for the balance of the session with the S&P 500 finishing up 0.27%. The sharp selloff was due to a rumor that a U.S. cargo vessel was seized by Iran. This proved to be incorrect and the market rebounded immediately. Even though the markets were able to move into positive territory, one of the key stocks, Apple, was unable to maintain a positive tone as it closed down 1.6% for the day in spite of beating its earnings and revenue estimates. The markets seemed to shrug off April’s negative Consumer Confidence Index report as it traded in a flat line for most of the afternoon finishing slightly higher.

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Topics: Market Recap, Leslie D. Thompson

By Leslie D. Thompson | April 20, 2015

Markets Recap for the Week Ended April 17, 2015

Monday

The trading session began on a slightly higher note and held in positive territory for the first two hours before beginning a decline with the S&P 500 finishing lower on the day by 0.46%. The overall session was very quiet as the S&P 500 was on track to finish higher for the fourth trading session in a row. The index traded in a 15 point range for the session before declining in the last two hours to finish lower. The financial sector was the only positive sector, up 0.3%. All other groups were flat to slightly lower.

Tuesday

The market opened flat and declined in the first two hours of the session. The market began a rebound to finish just slightly higher on the day with the S&P 500 up 0.16%. The big news of the day was March Retail Sales showing a +0.9% reading. This was just slightly lower than consensus but still positive. The driving force for the trading session was crude oil as it rallied 2.7% to $53.31 per barrel. This helped the energy sector move up 1.8%, which kept the market stable for the session.

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Topics: Market Recap, Leslie D. Thompson

By Leslie D. Thompson | April 13, 2015

Markets Recap for the Week Ended April 10, 2015

Monday

The market began on a downtick but shook off the losses after the disappointing jobs report released on Friday when the markets were closed for the Easter holiday. The report showed only 126,000 payrolls were added, which surprised the market as the expectation was for 250,000 to be created. Once again, weak data became a positive after the lower opening. The overnight futures market in the S&P 500 were down over 20 points coming into Monday’s open but this quickly dissipated and the market was positive shortly after the open. The market continued a steady climb throughout the session as all 10 sectors managed to finish positive. The S&P finished up 0.66%.

Tuesday

The market opened slightly higher on Tuesday and traded sideways for most of the day. The market sold off in the last hour of trading with the S&P 500 finishing down 0.21%. Only 2 sectors finished in the green; healthcare and biotech, which are obviously somewhat related. There were no key economic reports released.

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Topics: Market Recap, Leslie D. Thompson

By Leslie D. Thompson | April 6, 2015

Markets Recap for the Week Ended April 3, 2015

Monday

The week started off on a stronger note as the market continued to trade higher throughout the session with the S&P 500 finishing up 1.22%. With the final 2 days of trading left to square up the books for the quarter, there appeared to be quite a bit of window-dressing and short covering after the prior week’s 2% decline. This combined with a better than expected pending home sales number kept a solid bit throughout the session.
 

Tuesday

The market opened on a weaker note and continued to trade lower as the market was further dominated by quarter-end activity with the S&P 500finishing down -0.88%. Economic news was mixed with Consumer Confidence slightly better and Chicago PMI coming in slightly lower than expected. There was no real focus by the markets as we ended March flat on the month but closing higher for the quarter. This was the 9th quarter in a row of higher closes.
 
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Topics: Market Recap, Leslie D. Thompson

By Eric Kurth | September 23, 2014

Not all asset classes are experiencing prosperity in 2014

Summer is over, and as fall sets in I start to look at where 2014 has gone, as well as where we still might end up. My first impression is that many people are starting to take notice of the new highs being made in the S&P 500 Index, but might not be looking at the other asset classes. 2014 has not been as exciting for some other assets as it has been for large cap stocks (S&P 500 Index). To illustrate the point, I put together the year-to-date (ending 9/12/14) data for the major asset classes and the past 10 years of annual returns, using data from Morningstar Direct. I will showcase this image further down in the post.

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Topics: Markets and Investing, Market Outlook, Eric Kurth, Market Recap

By Leslie D. Thompson | November 4, 2013

In case you missed it: Week of October 28 market action

Looking back on last week's action:

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Topics: Markets and Investing, Market Recap, Leslie D. Thompson

By Leslie D. Thompson | October 28, 2013

IN CASE YOU MISSED IT: WEEK OF OCTOBER 21 MARKET ACTION

Looking back on last week's action:

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Topics: Markets and Investing, Market Recap, Leslie D. Thompson

By Leslie D. Thompson | October 21, 2013

In case you missed it: Week of October 14 market action

Looking back on last week's action:

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Topics: Markets and Investing, Market Recap, Leslie D. Thompson