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Michael P. Reinking, CFA
Sr. Market Strategist
The S&P 500 surged at the start of November but has been trading in a pretty tight range since. However, while it feels like we’ve been running on a treadmill, the music has started to change recently. The rally began to broaden out and there were more signs of speculative behavior. That broadening out has led to a rotation with prior leadership beginning to underperform and vice versa. In terms of speculative behavior, it’s like the greatest hits of 2020 are playing with a surge in crypto currencies, non-profitable tech stocks, sharp rallies in stocks with a heavier short base and the re-emergence of some of the old school meme stocks. The reversal in yields is fueling this increase in risk appetite. Sitting in the middle of those cross currents have been the mega-cap tech stocks which have started to level off after their meteoric rise this year.
Term of the Week from Investopedia
A greenshoe option is an over-allotment option
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Term of the Week from Investopedia
A greenshoe option is an over-allotment option
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.
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NYSE Senior Market Strategist, Michael Reinking, briefly reviews the third quarter in financial markets -- learn more about market expectations, key themes and what investors will be focused on this quarter, ahead of earnings season.
Participation in the NYSE Closing Auction remains very strong as D-Orders gain momentum. The last 5 minutes of trading see majority of D-Order order flow. The NYSE continues to provide exceptional price discovery and market quality at the NYSE Closing Auction.
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 third quarter in financial markets -- learn more about market expectations, key themes and what investors will be focused on this quarter, ahead of earnings season.
Participation in the NYSE Closing Auction remains very strong as D-Orders gain momentum. The last 5 minutes of trading see majority of D-Order order flow. The NYSE continues to provide exceptional price discovery and market quality at the NYSE Closing Auction.
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.
The NYSE Data Science team looked at the dollar cost saving for imbalance-offsetting auction orders and the likelihood of such orders being executed at favorable auction price.
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.
The NYSE Data Science team looked at the dollar cost saving for imbalance-offsetting auction orders and the likelihood of such orders being executed at favorable auction price.
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.
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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.
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ICE Vox
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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.