Sentiment driven clouds gathering but still too early to get concerned!
February 16th 2020
Market Review
Despite Friday’s muted trading moves, U.S. stocks posted back-to-back weekly gains with two benchmarks reaching new records. The Dow Jones Industrial Average rose 1.0% from the week-ago close to 29,398.08. The S&P 500 climbed 1.6% for the week to 3,380.16 and hit a record closing. The Nasdaq gained 2.2% over the week to 9,731.18 and also hit an all-time closing high. All key S&P sectors ended in positive territory for the week, led by the utilities sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15. Read MoreThe S&P 500 jumped 3.2% – its best weekly performance since early June!
February 9th 2020
Market Review
Despite Friday's losses, U.S. stocks closed out the week with strong gains and with the three benchmarks reaching new records during the week. For the week, the Dow Jones Industrial Average soared 3.0% to end at 29,102.51. The S&P 500 jumped 3.2% to close at 3,327.71. The Nasdaq jumped 4.0% to end at 9,520.51. Nearly all key S&P sectors finished in positive territory for the week, led by the technology sector. Utilities were the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 15.5. Read MoreStay calm! Expected consolidation still remains constructive in its nature!
February 2nd 2020