Since hitting the Brexit-induced closing low of 2,000.54 on Monday, the S&P 500 has managed to rally 3%, essentially halving the losses since Thursday. Small caps, on the other hand, still continue to struggle a bit and are down 50 basis points on the week. While this quick retracement has worked off some of the oversold conditions,

There was only one issue that dominated the financial markets this week, and that issue was the historic vote by Great Britain to leave the European Union. United Kingdom citizens defied all of the conventional wisdom, the polling and even the betting odds by voting for a “Brexit,” and the surprise outcome of the referendum […]

By now, I suspect that the whole world is aware that the citizens of the United Kingdom voted to reject the rule of the elites at the European Union (EU) by opting for a “Brexit.” The surprising outcome of the U.K. referendum represents a strong stance in favor of populism, nationalism and self-determination. But for

Amid much surprise, the Brits decided to leave the European Union (EU) and weather the resulting storm. Markets are quite volatile, but the majority of our open positions are improving. So far, U.S. markets are back to the low end of the recent trading range above the 200-day moving averages for all major indexes. Our […]

There are few market data points that don’t get priced in prior to the data release. Generally when released, both sides of the trade are left to reconcile the grey of who is more right. With the “Brexit” vote tomorrow to let people in the United Kingdom decide whether to leave the European Union (EU),

Stocks saw some selling this week, as the market landscape was clouded by fears of a “Brexit,” i.e. an exiting of the European Union by Great Britain. The Brexit vote is on Thursday, and with the possibility growing that the “leave” camp may actually defeat the “remain” camp, traders understandably opted to take risk off […]

It has been a rough and volatile week for the equity markets as a bevy of growing concerns has set investors on edge. Some of those concerns are macro, including next week’s referendum in the United Kingdom over whether there will be a “Brexit,” i.e. whether Great Britain will exit the European Union. A Brexit

For the past two months, stocks have tried to break above their previous highs. The S&P 500 had rallied to within 1% of its high-water mark but also was unable to break out. Now the summer months have started to begin a traditionally challenging time for stocks. Economic and geopolitical news is starting to cause

Stocks gave back a little ground Friday, but for the week the major averages are just about flat. More importantly, the recent trend over the past several weeks in markets has been a slow grind higher. That push to the upside now has brought equities back toward all-time highs. Though the major averages continue to

Market Shows Resilience amid Strong Headwinds Since the beginning of 2016, the equity market may best be described as a case of taking one step backward, and one step forward. The year commenced with a furious sell-off prompted largely by China currency and market fears, and that led to the worst start for a calendar […]