Research & Market Insights Market Insights

01.26 2009

Weekly Market Update – January 26, 2009

Last week stocks continued the new year’s march downward even as the country celebrated the historic inauguration of President Barack Obama. In fact, markets greeted the inauguration with a 5% plus decline before rebounding later in the week. Plenty of disappointing corporate news played a significant role last week, including Bank of America’s need for…

Read More
01.04 2009

Weekly Market Update – January 5, 2009

Global stock markets welcomed the new year with strong advances on the first day of 2009 trading, extending the gains achieved during the last week of 2008. The S&P 500 rose nearly 7% last week and is up 24% since the late-November bear market low. While stocks rallied, some of the shine came off U.S….

Read More
12.13 2008

Weekly Market Update – December 15, 2008

Investors digested yet another dose of astounding news from the financial markets last week. Demand for U.S. Treasuries is so strong that yields on T-bills went negative for the first time ever. Imagine that: paying the U.S. government to hold your cash in an era of an exploding budget deficit. Treasury yields further out the…

Read More
12.08 2008

Weekly Market Update – December 8, 2008

After a post-Thanksgiving holiday decline of over 7%, equity markets spent the rest of last week rallying in the face of ugly economic news. Last Monday, the National Bureau of Economic Research (NBER) announced the peak of economic activity occurred in December 2007, thus making the official declaration of a recession. Of course, the NBER…

Read More
11.24 2008

Weekly Market Update – November 24, 2008

Amid additional weak economic data, the prospect of bankruptcy for one or more U.S. automakers, and a 60% one-week decline in Citigroup’s stock, the Dow and S&P blew through previous support levels last week to touch lows not seen since April 1997. For several weeks, we have discussed the October 10th low of 840 on…

Read More
11.17 2008

Another Retest – Third Time The Charm?

Following another late day selloff, the S&P 500 closed within one point of its 2008 low at 850.  This is the third time the index has visited this support level in just over a month.  We have been writing that a bottoming process has been underway, and that S&P 840 had strong potential as a…

Read More
11.10 2008

Weekly Market Update – November 10, 2008

Stocks endured yet another tumultuous week influenced by new data indicating the U.S. economy is in recession as well as sweeping changes in the political landscape following a historic election. After enjoying a 4% rally on Tuesday (the biggest election day rally in history), stocks proceeded to lose 10% over the next two days for…

Read More
11.03 2008

Weekly Market Update – November 3, 2008

Global stocks rallied strongly last week as panic selling began to ebb, the Federal Reserve lowered interest rates, and the credit crisis showed signs of easing. The S&P 500 posted its best weekly gain in 34 years, rising 10% to 968.75, while the Dow Jones Industrial Average climbed 11% to close on Halloween at 9,325.01….

Read More
10.27 2008

Market Outlook

Global stocks endured another volatile week of losses, with many indices closing at a 5-1/2 year low. The selling pressure began outside the U.S. amid growing fears that the world economy is entering recession. However, the real story is the massive mutual fund and hedge fund redemptions that are driving forced liquidation of assets. Over…

Read More
10.16 2008

Nice Close with Positive Implications

Market action today was encouraging and supportive of our case that last Friday marked at least a short-term low for equities.  An early plunge of nearly 400 points on the Dow this morning gave way to an upward move of nearly 800 points.  Market internals were positive as well, as advancing stocks exceeding declining stocks…

Read More

Subscribe To Our Blog

Get the latest research and market insights from Kanaly Trust.