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Search resuls for: "seasonals"


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"You could say small cap value but you could also find within large cap, stocks that are relatively cheap. The S & P 500 , on track for a nearly 8% gain for October, was off 0.7%. But the small cap Russell 2000 and the S & P 600 small cap value were up slightly for the day. If the S & P 500 performs as it has on average, it could rise to 3,950, the analysts note. "My conviction is higher that [S & P 600] will outperform than it will go up in absolute terms," he said.
The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.
"Based on the combined inputs of the nominal 2-year and real 10-year, my best guess is that the S & P 500 is worth 14.3x fwd EPS. With the S & P closing at 3,693 Friday, that's about 8% lower. The big moves in the dollar are just killing emerging market funds. The largest, iShares Core Emerging Market ETF (IEMG), hit a better than 2-year low on Friday. And as the Dollar Index has risen roughly 4% this month alone, the emerging market ETFs have dropped too.
The S & P 500, Dow and Nasdaq were all down sharply for the week. The S & P was down 4.6%, ending the week at 3,693. Fed Vice Chair Lael Brainard , St. Louis Fed President James Bullard , San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman are among the speakers. Other global central banks joined the Fed in raising rates, and interest rates around the world rose in tandem. If those levels break, the S & P could touch 3,385 before the selling is over, he said.
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