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Michael Reinking, CFA
Sr. Market Strategist
Last week I described the trading action as resilient. If I was to describe this week's action I would say, throwing caution to the wind. That statement may not apply to all aspects of the market but definitely describes the trading in growth/tech stocks and other more speculative pockets. Groundhog's Day was this week. First and foremost, condolences to our neighbors to the North who lost their Marmotte, Fred, during hibernation this year. I always associate the day with the classic 1998 Bill Murray film, which for those of you who haven't seen it is about a weatherman who relives the same day over and over again. Similar to that film this week's trading, had that 2020 Déjà vu sort of feeling. Speaking off Phil, he did see his shadow. We are feeling the immediate effects of that on the East Coast, hopefully the folklore prediction is incorrect, but it would be a welcomed development for traders that are long natural gas futures as the unrelenting decline since the middle of December continues. The commodity is down ~60% over that timeframe.
Term of the Week From Investopedia
A market index is a hypothetical portfolio of investment holdings that represents a segment of the financial market.
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As earnings season is about to get underway. Sr. Market Strategist Michael Reinking, CFA does a brief review of the past year in financial markets, followed by a discussion about the key themes investors will be paying attention to this quarter.
PIMCO’s Active Bond ETF (NYSE: BOND) recently transferred to the NYSE. Since the transfer, intra-day liquidity has improved, and auctions have experienced better pricing compared to key benchmarks.
NYSE Arca has reintroduced the Discretionary Pegged Order, featuring flexibility to determine execution price based on the contra-side order. NYSE Research highlights the superior execution experience when interacting with midpoint contra-side order flow compared to other flows, based on current NYSE Arca midpoint usage.
NYSE Senior Market Strategist, Michael Reinking, offers his weekly update on the market and a look to key upcoming catalysts.
When stocks have high rates of off-exchange trading at the closing price, that volume is not included in the exchange auction process. This results in higher volatility leading up to and during the auction.
We can all use a refresher from time to time, and Caroline Woods is here to explain how you may be able to make a more informed decision about the value of a stock you’re looking to buy by using simple math. Learn how a price earnings ratio works in the latest NYSE Briefs.
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