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Michael P. Reinking, CFA
Sr. Market Strategist
Most major US indices fell for the third consecutive week. The negative seasonality that we highlighted coming into August has been playing out. Over that two month window the S&P 500 has fallen nearly 6%. The clouds historically tend tend to linger into early October before lifting in anticipation of the holiday season as we approach November.
This week was all about central banks with over 10 rate decisions. Markets have been on a treadmill where the focus shifts from the labor market data, to inflation data followed by the central bank response. Unfortunately that is a dynamic that is likely to continue for the foreseeable future as central banks take a data dependent approach (calendar of key eco data through year end below).
Term of the Week from Investopedia
The prime rate is the interest rate that commercial banks charge their most creditworthy customers.
Market Insights
As the world’s largest stock market where an average 2.4 billion shares exchange hands each day, the NYSE is also powered by a cutting-edge, dynamic technology infrastructure that is unrivaled in the financial markets. Learn more about our innovative trading technology and what it can do for your business.
Term of the Week from Investopedia
The prime rate is the interest rate that commercial banks charge their most creditworthy customers.
Market Insights
As the world’s largest stock market where an average 2.4 billion shares exchange hands each day, the NYSE is also powered by a cutting-edge, dynamic technology infrastructure that is unrivaled in the financial markets. Learn more about our innovative trading technology and what it can do for your business.
We believe in the value of educating, informing and providing insights to all market participants. Whether you’re an institutional user of our technology, an experienced trader or a retail investor starting out, the New York Stock Exchange provides expertise to connect you to opportunity.
NYSE Senior Market Strategist, Michael Reinking, briefly reviews the second quarter in financial markets -- learn more about market expectations, key themes and what investors will be focused on this quarter, ahead of earnings season.
NYSE Group, Inc., Charles Schwab & Co., and Citadel Securities are pleased to present a consensus position to the Securities and Exchange Commission on its recent equity market structure proposals. We share a commitment to ensuring that the U.S. equities market remains the most liquid, efficient, and competitive in the world, thereby strengthening our economy, supporting issuers, and helping to secure the retirement futures of everyday Americans.
Although the S&P 500 has made strong gains this year, much of the momentum has been driven by a limited number of mega-cap technology stocks. We review trading activity in the S&P large-cap (500), mid-cap (400) and small-cap (600) indices in search of clues that could suggest a more sustainable wider market rally, possibly driven by individual investors.
NYSE Senior Market Strategist, Michael Reinking, briefly reviews the second quarter in financial markets -- learn more about market expectations, key themes and what investors will be focused on this quarter, ahead of earnings season.
NYSE Group, Inc., Charles Schwab & Co., and Citadel Securities are pleased to present a consensus position to the Securities and Exchange Commission on its recent equity market structure proposals. We share a commitment to ensuring that the U.S. equities market remains the most liquid, efficient, and competitive in the world, thereby strengthening our economy, supporting issuers, and helping to secure the retirement futures of everyday Americans.
Although the S&P 500 has made strong gains this year, much of the momentum has been driven by a limited number of mega-cap technology stocks. We review trading activity in the S&P large-cap (500), mid-cap (400) and small-cap (600) indices in search of clues that could suggest a more sustainable wider market rally, possibly driven by individual investors.
NYSE Senior Market Strategist, Michael Reinking, offers his weekly update on the market and a look to key upcoming catalysts.
Closing auction orders as large as 2.5% of CADV for Russell 1000 stocks result in an immediate price move of around 0.3X the daily average spread; the thresholds that could trigger large and lasting market impact are found in last three minutes before the closing auction.
The NYSE Closing Auction remains the largest liquidity event in the equities market, with an average notional value traded of more than $18bn per day during the full year of 2022. Closing Auction informational imbalance messages provide users with vital details about the Closing Auction order flow and the potential closing price of a security.
NYSE Senior Market Strategist, Michael Reinking, offers his weekly update on the market and a look to key upcoming catalysts.
Closing auction orders as large as 2.5% of CADV for Russell 1000 stocks result in an immediate price move of around 0.3X the daily average spread; the thresholds that could trigger large and lasting market impact are found in last three minutes before the closing auction.
The NYSE Closing Auction remains the largest liquidity event in the equities market, with an average notional value traded of more than $18bn per day during the full year of 2022. Closing Auction informational imbalance messages provide users with vital details about the Closing Auction order flow and the potential closing price of a security.
NYSE Research explores market trends, analyzes exchange products and trading situations, and offers data-driven perspectives on key policy matters.
Exchange Traded Products
Exchange-traded products are one of the fastest growing investment products in the world, combining the simplicity of stocks with the diversified risk of mutual funds.
Options
Through a dual options market structure, traders and brokers have choice and flexibility that comes from a mixture of electronic trading and open outcry interaction.
NYSE Pillar®
Our new integrated trading technology platform that will enable member firms to connect to all of our equities and options markets using a single specification.
ICE Vox
Get news and insights from ICE.
Exchange Traded Products
Exchange-traded products are one of the fastest growing investment products in the world, combining the simplicity of stocks with the diversified risk of mutual funds.
Options
Through a dual options market structure, traders and brokers have choice and flexibility that comes from a mixture of electronic trading and open outcry interaction.
NYSE Pillar®
Our new integrated trading technology platform that will enable member firms to connect to all of our equities and options markets using a single specification.
ICE Vox
Get news and insights from ICE.