Wealth Management Firm Near Me - Facebook Icon IMG  Wealth Planning Near Me - Certified Financial Planners Twitter Icon IMG   Find A Financial Advisor Near Me - Wealth Planners Linkedin Icon IMG 

678.971.1337

Family Financial Portfolio Survey

Access Your Account Online

☰ Menu
Market Updates

Daily Commentary

October 6th, 2020

Financial Consultants Near Me - Windsor Wealth Planners and Strategists Logo IMG

Headline News:

U.S. equity futures are higher this morning despite renewed concerns that a new economic stimulus will not be passed anytime soon. House Speaker Pelosi and Treasury Secretary Mnuchin are set to continue negotiations today. The Wall Street Journal reported that ECB President Lagarde is prepared to add additional stimulus and cut rates to support a European economic recovery. Domestically, the Job Openings or JOLTS report will be released later today, and Fed Chairman Powell will be giving a speech about the economic outlook.

Markets:

The S&P 500 moved above resistance at 3399.54 and closed at 3408.60 on Monday. The trading came with average volume at 2,036,571,648, and the RSI index moved higher to close at 55.73. We are encouraged by the up move, but we would still like to see an up day with volume above three billion shares traded. Potential resistance could now come in at 3428.92 and possible support at 3399.54 and the 50-day moving average at 3365.46.

We are currently long-term bullish and short-term bullish.

Wealth Management Services Near Me - SP 500 retirement investment opportunities graph IMG 248a

Personal Financial Planners Near Me - SP 500 retirement investment opportunities graph IMG 248b

 

John N. Lilly III CPFA
Accredited Portfolio Management Advisor℠
Accredited Asset Management Specialist℠
Portfolio Manager, RJ
Partner, DJWMG
Windsor Wealth Planners & Strategist

Futures trading is speculative, leveraged, and involves substantial risks. Investing always involves risk, including the loss of principal, and futures trading could present additional risk based on underlying commodities investments.

 

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and changes of price movements.

 

The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S stock market. Past performance may not be indicative of future results. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investors’ results will vary. Opinions expressed are those of the author John N. Lilly III, and not necessarily those of Raymond James. “There is no guarantee that these statements, opinions, or forecast provided herein will prove to be correct. “The information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk, and you may incur a profit or loss. No investment strategy can guarantee success. The charts and/or tables presented herein are for illustrative purposes only and should not be considered as the sole basis for your investment decision. International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. Investing in emerging markets can be riskier than investing in well-established foreign markets.

 

This is not a recommendation to buy or sell any company’s stock mentioned above.

 

The Labor Department’s JOLTS report tracks monthly change in job openings and offers rates on hiring and quits. The reporting period lags other employment data including the employment situation report. The word JOLTS stands for Job Openings and Labor Turnover Survey.

Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Windsor Wealth is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.