‘Be Patient’: Stock Market Update For The Week Ahead, , on October 4, 2020 at 8:20 pm

Financial News
By High West Capital Partners
On October 4, 2020
In Financial News
Tags:

The Past Week, In A Nutshell What Happened: Last week ended positive despite the uncertainty-driven news cycle.Remember This: “Market swings can be unsettling, and there’s a lot to think about with today’s headlines,” noted Lindsey Bell, chief investment strategist for Ally Inc-owned (NYSE: ALLY) Ally Invest.”However, history has proven to us repeatedly that it’s best to wait them out. The S&P 500 has moved 2% or more in 42 trading days this year, the most since 2008, yet the index is still up year-to-date. We’re also in the early innings of an economic recovery, so we believe stocks could run higher in the coming years. But investors need to be patient because it likely won’t be a straight line up.”Pictured: Profile chart of the Micro E-mini S&P 500 FuturesTechnical Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the September sell-off.During Last Week’s Action: Participants defended the low-volume area — which denotes upside directional conviction — below $3,320.Most notable was what happened after Thursday’s failure to extend past responsive selling at the $3,370 high-volume ledge. The lack of conviction resolved itself in Friday’s overnight liquidation on news that U.S. President Donald Trump contracted COVID-19, thus returning the market back into balance.Defense of the low-volume area, alongside the development of low-excess highs during the U.S. cash session, suggests the potential for further upside. Auctioning through the low-volume area, however, may trigger downside follow-through, with the S&P 500 moving as far as the $3,198 swing low.Scroll to the bottom of this story to view non-profile charts.Fundamental ARK Invest CEO and CIO Catherine Wood suggested another stimulus bill could be released prior to the election, with airlines being one major beneficiary. One problem with such a bill, however, is that the economy has hit escape velocity and some of the stimulus included may not be necessary.> “We also, in terms of fiscal policy, hope that these policies are not going to get in the way of so-called creative destruction,” said Wood. “What we mean by that is disruptive innovation tends to take off during difficult times. But, if companies and industries are being subsidized just to hang on a little longer, that’s probably not good for anyone.”Simply put, Wood theorizes the government’s stimulus of dying industries is a disservice, as it diverts resources to less productive areas of the economy.Key Events * Monday: Fed Barkin Speech, ISM Non-Manufacturing, Fed Evans Speech, Fed Bostic Speech. * Tuesday: Balance of Trade, Fed Chair Powell Speech, Fed Harker Speech, Fed Kaplan Speech. * Wednesday: MBA Mortgage Applications, Fed Barkin Speech, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, FOMC Minutes, Fed Williams Speech, Fed Kashkari Speech, Consumer Credit Change, Fed Williams Speech, Fed Evans Speech. * Thursday: Initial Claims, Continuing Claims, Fed Barkin Speech, Fed Kaplan Speech. * Friday: Wholesale Inventories.Recent News * U.S. election to supercharge structural trends, increased focus on sustainability. * Azerbaijan (Turkey-backed) and Armenia (close to Russia, Iran) conflict flares. * If the president holds onto Florida, then the entire election grows far closer. * The Treasury market’s size to outstrip dealer capacity to safely intermediate. * FAA Chief conducts two-hour evaluation of Boeing Co (NYSE: BA) 737 MAX. * Technology companies cozy up to Biden campaign with cash and connections. * U.S. auto sales stay on a path to recovery despite the tighter inventories. * Boeing Co (NYSE: BA) to move 787 production to South Carolina in 2021. * Fed’s Kaplan says he wants to be careful about further quantitative easing. * U.S. job growth slows; nearly 4 million Americans permanently unemployed. * Ford Motor Company’s (NYSE: F) auto sales recover on a demand pickup. * Uber Technologies Inc (NYSE: UBER) logistics division has raised $500M. * House Speaker Pelosi says airline aid deal is near, asks for halt to job cuts. * Tesla Inc (NASDAQ: TSLA) reports record deliveries, Model 3 underwhelms. * Lawmakers pressure U.S. trade representatives to strike Taiwan trade deal. * Tesla Inc (NASDAQ: TSLA) cut price on Chinese Model 3 with CATL battery. * Wall Street is preparing its systems for the election trading surge, volatility. * The COVID-19 vaccines further along in clinical trials are hardest to deploy. * China’s support for infrastructure investment will aid the economic recovery. * Structural shifts triggered by the pandemic to benefit a tech subsectors. * Senator McConnell cancels scheduled senate floor votes for two weeks. * ‘I wasn’t feeling so well. I feel much better now’: Trump’s address to America. * China’s economic recovery from the pandemic helps drive its stocks higher. * COVID-19 will lead to lasting behavioural changes in consumption and work.Key Metrics * Sentiment: 26.2% Bullish, 30.7% Neutral, 43.1% Bearish as of 9/30/2020. * Gamma Exposure: (Trending Lower) 921,593,487 as of 10/2/2020. * Dark Pool Index: (Trending Higher) 44.7% as of 10/2/2020.Product Snapshot S&P 500 E-mini Futures (ES) | SPDR S&P 500 ETF Trust (NYSE: SPY)Gold Futures (GC) | SPDR Gold Trust (NYSE: GLD)Crude Oil (CL) | United States Oil Fund LP (NYSE: USO) | Invesco DB Oil Fund (NYSE: DBO) | United States 12 Month Oil Fund (NYSE: USL)Treasury Bonds (ZB) | iShares 20+ Year Treasury Bond (NASDAQ: TLT)Photo by Pixabay from Pexels.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * ‘Natural Period Of Consolidation’: Stock Market Update For The Week Ahead * ‘Too Early For Victory Laps’: Stock Market Update For The Week Ahead(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.,

'Be Patient': Stock Market Update For The Week AheadThe Past Week, In A Nutshell What Happened: Last week ended positive despite the uncertainty-driven news cycle.Remember This: “Market swings can be unsettling, and there’s a lot to think about with today’s headlines,” noted Lindsey Bell, chief investment strategist for Ally Inc-owned (NYSE: ALLY) Ally Invest.”However, history has proven to us repeatedly that it’s best to wait them out. The S&P 500 has moved 2% or more in 42 trading days this year, the most since 2008, yet the index is still up year-to-date. We’re also in the early innings of an economic recovery, so we believe stocks could run higher in the coming years. But investors need to be patient because it likely won’t be a straight line up.”Pictured: Profile chart of the Micro E-mini S&P 500 FuturesTechnical Broad-market equity indices ended the week higher with the S&P 500 retracing 50% of the September sell-off.During Last Week’s Action: Participants defended the low-volume area — which denotes upside directional conviction — below $3,320.Most notable was what happened after Thursday’s failure to extend past responsive selling at the $3,370 high-volume ledge. The lack of conviction resolved itself in Friday’s overnight liquidation on news that U.S. President Donald Trump contracted COVID-19, thus returning the market back into balance.Defense of the low-volume area, alongside the development of low-excess highs during the U.S. cash session, suggests the potential for further upside. Auctioning through the low-volume area, however, may trigger downside follow-through, with the S&P 500 moving as far as the $3,198 swing low.Scroll to the bottom of this story to view non-profile charts.Fundamental ARK Invest CEO and CIO Catherine Wood suggested another stimulus bill could be released prior to the election, with airlines being one major beneficiary. One problem with such a bill, however, is that the economy has hit escape velocity and some of the stimulus included may not be necessary.> “We also, in terms of fiscal policy, hope that these policies are not going to get in the way of so-called creative destruction,” said Wood. “What we mean by that is disruptive innovation tends to take off during difficult times. But, if companies and industries are being subsidized just to hang on a little longer, that’s probably not good for anyone.”Simply put, Wood theorizes the government’s stimulus of dying industries is a disservice, as it diverts resources to less productive areas of the economy.Key Events * Monday: Fed Barkin Speech, ISM Non-Manufacturing, Fed Evans Speech, Fed Bostic Speech. * Tuesday: Balance of Trade, Fed Chair Powell Speech, Fed Harker Speech, Fed Kaplan Speech. * Wednesday: MBA Mortgage Applications, Fed Barkin Speech, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, FOMC Minutes, Fed Williams Speech, Fed Kashkari Speech, Consumer Credit Change, Fed Williams Speech, Fed Evans Speech. * Thursday: Initial Claims, Continuing Claims, Fed Barkin Speech, Fed Kaplan Speech. * Friday: Wholesale Inventories.Recent News * U.S. election to supercharge structural trends, increased focus on sustainability. * Azerbaijan (Turkey-backed) and Armenia (close to Russia, Iran) conflict flares. * If the president holds onto Florida, then the entire election grows far closer. * The Treasury market’s size to outstrip dealer capacity to safely intermediate. * FAA Chief conducts two-hour evaluation of Boeing Co (NYSE: BA) 737 MAX. * Technology companies cozy up to Biden campaign with cash and connections. * U.S. auto sales stay on a path to recovery despite the tighter inventories. * Boeing Co (NYSE: BA) to move 787 production to South Carolina in 2021. * Fed’s Kaplan says he wants to be careful about further quantitative easing. * U.S. job growth slows; nearly 4 million Americans permanently unemployed. * Ford Motor Company’s (NYSE: F) auto sales recover on a demand pickup. * Uber Technologies Inc (NYSE: UBER) logistics division has raised $500M. * House Speaker Pelosi says airline aid deal is near, asks for halt to job cuts. * Tesla Inc (NASDAQ: TSLA) reports record deliveries, Model 3 underwhelms. * Lawmakers pressure U.S. trade representatives to strike Taiwan trade deal. * Tesla Inc (NASDAQ: TSLA) cut price on Chinese Model 3 with CATL battery. * Wall Street is preparing its systems for the election trading surge, volatility. * The COVID-19 vaccines further along in clinical trials are hardest to deploy. * China’s support for infrastructure investment will aid the economic recovery. * Structural shifts triggered by the pandemic to benefit a tech subsectors. * Senator McConnell cancels scheduled senate floor votes for two weeks. * ‘I wasn’t feeling so well. I feel much better now’: Trump’s address to America. * China’s economic recovery from the pandemic helps drive its stocks higher. * COVID-19 will lead to lasting behavioural changes in consumption and work.Key Metrics * Sentiment: 26.2% Bullish, 30.7% Neutral, 43.1% Bearish as of 9/30/2020. * Gamma Exposure: (Trending Lower) 921,593,487 as of 10/2/2020. * Dark Pool Index: (Trending Higher) 44.7% as of 10/2/2020.Product Snapshot S&P 500 E-mini Futures (ES) | SPDR S&P 500 ETF Trust (NYSE: SPY)Gold Futures (GC) | SPDR Gold Trust (NYSE: GLD)Crude Oil (CL) | United States Oil Fund LP (NYSE: USO) | Invesco DB Oil Fund (NYSE: DBO) | United States 12 Month Oil Fund (NYSE: USL)Treasury Bonds (ZB) | iShares 20+ Year Treasury Bond (NASDAQ: TLT)Photo by Pixabay from Pexels.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * ‘Natural Period Of Consolidation’: Stock Market Update For The Week Ahead * ‘Too Early For Victory Laps’: Stock Market Update For The Week Ahead(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

,

Instant Quote

Enter the Stock Symbol.

Select the Exchange.

Select the Type of Security.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select the Loan Purpose.

Please select if you are an Officer/Director.

High West Capital Partners, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

High West Capital Partners, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with High West Capital Partners, LLC’s internal lending policies. High West Capital Partners, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Singapore

+65 3105 1295

Taiwan

Coming Soon!

Hong Kong

R91, 3rd Floor,
Eton Tower, 8 Hysan Ave.
Causeway Bay, Hong Kong
+852 3002 4462

Follow Us

Market Coverage