A quick look at Gainesville High School’s Night of Tradition! This celebration was brought to City Park to give Gainesville fans a first look at the newly renovated stadium and facilities.
Our very own John Lilly helped to organize the event and make this a fun night for all in attendance!
With the finishing touches being completed soon, the entire Gainesville community is excited to see the renovated stadium shine on opening night, September 20th against Lanier High School!
Headline News: The S&P 500 futures are up 10 points and are trading 0.2% above fair value, the Nasdaq 100 futures are up 45 points and are trading 0.3% above fair value, and the Dow Jones Industrial Average futures are up 260 points and are trading 0.6% above fair value. There’s a positive bias in early action. After reporting earnings, a solid pre-open gain in a Dow component has boosted futures linked to Dow industrials. S&P 500 and Nasdaq 100 futures are also trading higher despite a pre-market decline in shares of a semiconductor company following its highly anticipated earnings report. Other mega-cap names are higher in early trading, contributing to the upside bias. Treasury yields are little changed. The 10-year note yield is down one basis point to 3.83%, and the 2-year note yield is down one basis point to 3.86%. (Michael Gibbs, Managing Director, Lead Portfolio Manager) Markets: The S&P 500 closed within the current trading range for the seventh day after briefly trading below the 5,566.16 level. The RSI index turned lower, suggesting that there could be more short-term weakness ahead. Nvidia’s earnings report was poorly received, and the stock was lower in pre-market trading. However, the S&P… Read More
Headline News: The S&P 500 futures are down six points and are trading 0.1% below fair value, the Nasdaq 100 futures are down ten points and are trading 0.1% below fair value, and the Dow Jones Industrial Average futures are down 11 points and are trading 0.1% below fair value. Equity futures trade was flattish. The market still lacks major directional drivers ahead of a major semiconductor company’s earnings report tomorrow afternoon. Investors are also in vacation mode in front of Labor Day. Today’s economic lineup features the release of the August Consumer Confidence Index at 10:00 ET, along with the June FHFA Housing Price Index and June S&P Case-Shiller Home Price Index at 9:00 ET. The 10-yr note yield is up three basis points to 3.85% and the 2-yr note yield sits at 2.95%, which is two basis points higher than yesterday’s settlement. (Michael Gibbs, Managing Director, Lead Portfolio Manager) Markets: The SP& 500 briefly traded above the resistance at 5,643.22, but the sellers came in, and the index closed at 5,616.84. So, this is the fifth day of trading in a base and inside the trading range, and we are hopeful the base will continue to build this… Read More
Headline News: The S&P 500 futures are up five points and are trading 0.1% above fair value, the NASDAQ 100 futures are up 18 points and are trading 0.1% above fair value, and the Dow Jones Industrial Average futures are down eight points and are trading fractionally below fair value. Contracts tied to the S&P 500, NASDAQ 100, and Dow industrials are flattish this morning after a big run in equity markets. The S&P 500 was 1.1% below its all-time high at yesterday’s close after flirting with correction territory earlier this month (i.e., a 10% decline from the recent high). Market participants are still in wait-and-see mode ahead of Wednesday’s release of benchmark revisions for nonfarm payrolls and the FOMC Minutes for the July 30-31 meeting. This will be followed by Fed Chair Powell’s speech on Friday at the Jackson Hole Economic Symposium. The 10-year note yield is unchanged at 3.87%, and the 2-year note yield is down two basis points to 4.05%. (Michael Gibbs, Managing Director, Lead Portfolio Manager) Markets: The S&P 500 rallied once again, but the volume continues to be below average, suggesting the rally is not broad-based. The index closed at 5,608.25, and the RSI index… Read More
Headline News: The S&P 500 futures are up three points and trading 0.1% above fair value, the NASDAQ 100 futures are up 11 points and trading 0.1% above fair value, and the Dow Jones Industrial Average futures are down five points and trading fractionally below fair value. Stock futures are flattish ahead of a busy week. Earnings reporting picks up steam, especially in the retail and tech spaces, and Fed Chair Powell will speak in Jackson Hole. On Wednesday, the market will receive the Minutes from the July 30-31 FOMC meeting. The 10-year note yield is down two basis points to 3.87%, and the 2-year note yield is down one basis point to 4.05%. Today’s economic data is limited to the July Leading Indicators Index at 10:00 ET. (Michael Gibbs, Managing Director, Lead Portfolio Manager) Markets: The S&P 500 rallied for the fourth day, closing at 5,554.25, and we are hopeful a new base to consolidate gains has started. The RSI index is solidly above the 50 level, but the internal indicators are now back in the overbought zone. So, the current potential resistance at 5,566.16 should be challenging to take out this week unless there is a new catalyst… Read More
Headline News: The S&P 500 futures are down nine and are trading 0.2% below fair value, the NASDAQ 100 futures are down 28 points and are trading 0.1% below fair value, and the Dow Jones Industrial Average futures are down 43 points and are trading 0.1% below fair value. Early trading has a slightly negative bias, but stock futures are mostly flat. The major indices are sitting on solid gains for the week heading into the session. Participants receive more market-moving data today: July Housing Starts and Building Permits at 8:30 ET, followed by the preliminary August University of Michigan Consumer Sentiment survey at 10:00 ET. Treasury yields are lower in front of the reports. The 10-yr note yield is down six basis points to 3.87%, and the 2-yr note yield is down six basis points to 4.04%. Elsewhere, commodity futures are trading lower. WTI crude oil futures are down 2.7% to $74.90/bbl, natural gas futures are down 1.3% to $2.17/mmbtu, and copper futures are down 0.9% to $4.11/lbs. (Michael Gibbs, Managing Director, Lead Portfolio Manager) Markets: The S&P 500 rallied for the third day and closed substantially higher at 5,543.22. The close was also above the resistance level at… Read More
Windsor Wealth is proud to congratulate our good friend Sammy Smith! The library at Gainesville High School was recently named in his honor. Sammy served on the Gainesville school board for 16 years and worked tirelessly to preserve and honor the high school’s history and traditions. Our own Anne Bleakley was there with her son Dub and mom “Needles,” who did Sammy’s wonderful oil painting for the event.
Headline News: Sales at U.S. retailers posted the biggest increase in July in a year and a half. Still, most of the gain was tied to a rebound in auto sales after dealers recovered from a nationwide cyberattack on their computer systems. The government said Thursday that sales surged 1.0% last month. Based on a Wall Street Journal poll of economists, they had been forecast to rise 0.3%. If autos are excluded, retail sales rose a more modest 0.4% last month, seasonally adjusted figures show. However, June sales were revised to show a 0.2% decline instead of no change. The exaggerated increase in sales in July does little to dispel the notion the economy has slowed from last year’s breakneck pace. High interest rates and several years of severe inflation have put more pressure on households, especially those with lower incomes. The jobs market has also weakened and made it harder to find work. (Jeffery Bartash MarketWatch) Markets: The S&P 500 rallied again, closing at 5,455.21 and just above the 50-day moving average at 5,455.21. The index has now rallied 6.6% off the 8/5/2024 low of 5,119.26, and we feel the buying can continue today. The only negative during… Read More
Headline News: On Wednesday, the Bureau of Labor Statistics said consumer prices increased 0.2% month over month in July. On an annualized rate, inflation ticked up 2.9%. Economists polled by Dow Jones expected a 0.2% increase from the prior month and a 3% gain year over year. So-called core inflation, which strips food and energy from the headline number, advanced by 0.2% in the month, which is also in line with expectations. The report comes a day after lighter-than-expected wholesale inflation figures boosted stocks. The Dow rose more than 400 points, or about 1%. The S&P 500 climbed 1.7%, while the Nasdaq Composite gained 2.4%. All three major averages are now above their Aug. 2 closing level, which was the session before the global market sell-off on Aug. 5 that appeared to be related to an unwind of trades in Japan and concerns about economic growth. (Brian Evans CNBC) Markets: The S&P 500 gapped higher at the open and rallied all day to close at 5,434.43. The RSI index also increased to support the rally, closing above the 50 level at 51.72. The trading action may have been traders’ pricing in a tame CPI report, so today’s trading could be muted. The S&P 500 is now back to… Read More
Headline News: U.S. stock futures were higher early Tuesday as investors parsed this week’s first batch of key inflation data and weighed fresh earnings. S&P 500 futures and Nasdaq-100 futures climbed 0.6% and 0.9%. Dow Jones Industrial Average futures added 129 points, or 0.3% The producer price index—a measure of wholesale prices—increased 0.1% last month. According to Dow Jones consensus estimates, economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month’s reading. The consumer price index, which is expected to be released on Wednesday, is expected to show an increase of 0.2% last month, up from a 0.1% decline in the prior month. The data could give an uncertain market some direction after last week’s wild moves. (Brian Evan and Sarah min CNBC) Markets: The S&P 500 traded in a tight range and closed lower at 5,344.39 but above the resistance level at 5,341.88. The trading was as expected as traders waited on the producer price index report out this morning, which showed inflation cooled in July. The S&P 500 futures moved higher on the news, and the index has a chance to take out potential resistance at 5,375.95 today. However,… Read More
