SampP

Global Markets, S&P Futures Flat With US Markets Closed For MLK Holiday

US cash markets may be closed for Monday’s MLK holiday, but US equity futures are humming and at last check they were unchanged from Friday’s close at 3, 762 after earlier dropping as much as 20 points. “Markets needed a breather or even a pull back to justify reflationary expectations,” said Ben Emons, managing director of…

ETFs And Passive Investing Have Wildly Distorted S&P 500 Valuations, Study Finds

Academics are starting to arrive at a conclusion we have been talking about for years: the influx of ETFs and passive investing in today’s market could be more trouble than its worth. Many people currently believe that larger companies are in a bubble – and that small caps are the place to look in 2021….

S&P Futures Hit Record High Above 3,800 Ahead Of Dismal Payrolls Report

While there is broad consensus that today’s payrolls report will be ugly, with economists expecting a sharp slowdown in December job growth in the U.S. due to the second wave of covid lockdowns and a quarter of those surveyed (including Goldman) predicting a negative print when the data is published at 8:30 a.m. ET, that…

S&P 500 Is Trading At Historical Extremes: "It's Not The Winning, It's The 'Not Losing' That Counts"

Authored by Lance Roberts via RealInvestmentAdvice.com, Welcome to 2021. As we kick off a new year, we begin with the S&P 500 trading at historical extremes. It is essential to have some perspective to set reasonable expectations for future returns and quantify the “risk” of something going wrong. As we discussed with our RIAPRO.NET subscribers yesterday, the real risk…

Hedge Funds May View Tesla's S&P Sell-Off As A "Negative Catalyst"

Tesla faced what appeared to be its first reality check in years in trading on Monday. After being included into the S&P 500 index, Tesla shares finished the day down 6.49%, falling $45 per share amid a coming implied volatility collapse and a liquidity triggered “normalization” that very well could prevent Tesla from being pushed higher…

Here Are The 3 Things That Can Blow Up Goldman's Euphoric 4,300 S&P Price Target

One month ago, Goldman’s chief equity strategist, David Kostin, decided that it was time to throw caution to the wind and in a note appropriately titled “The Roaring ’20s Redux“, raised his 2020 year-end price target from 3,600 to 3,700 and also forecast that the S&P would climb by 16% to 4300 at year end…

"Insane" S&P Rebalance Ends With Tesla Smashing All-Time Volume Record

Expectations were high that today’s quad-witching/S&P rebalancing combo would launch fireworks and, sure enough, that’s what happened. As our friends at SpotGamma wrote after the close, while the SPX closed off only 35bps “there were some insane movements, most notably in VIX and TSLA.” And nowhere was said “insanity” more obvious than the record $148…