The Weekend Rip: Sunday Football 🙏

Stocktwits

6 years ago

Welcome back, everyone.

In case you missed it, the Nasdaq had its worst week since March. The Dow was the best performing index. Will this action continue? Time will tell.

It should be a light earnings week, we’ll see numbers from FedEx and Adobe on Tuesday.

The Federal Reserve will meet for the last time before the US presidential election.

Nomura economist Lewis Alexander wrote:

We do not expect major policy innovations at the September FOMC meeting

Here’s the S&P 500 weekly chart and last week’s changes:

S&P 500	3,340	-2.51%
Nasdaq	10,853	-4.06%
Russell 2000	1,497	-2.48%
Dow Jones	27,665	-1.66%

What Everyone Should Know About the Stock Market

Last Thursday, Nasdaq Chief Economist, Phil Mackintosh shared the following piece, What Everyone Should Know About the Stock Market.

Phil provides knowledge on diversification, the importance of earnings, and how the economy affects companies.

Here’s a snippet from the post:

The importance of earnings to company valuation is one of the reasons that financial statements showing company profitability and historic growth are so important. It’s also why a lot of investors look at the Price-to-Earnings (PE) ratio and might say that stocks with a high PE ratio are “rich.” But sometimes those high PE ratios will be justified by a company’s strong future earnings. Investors need to determine if growth forecasts are accurate.

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Trading may be easy, but successful investing is hard

Read the full post here.