Sentiment driven volatility possible but no major deal-breaker visible so far!
October 18th 2020
Market Review
U.S. stocks finished a volatile week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.1% to finish at 28,606.31. The S&P 500 closed at 3,483.81 and recorded a weekly gain of 0.2%. The Nasdaq posted a weekly advance of 0.8% to end at 11,671.56. Both Dow and the S&P 500 notched their third straight weekly gain and the Nasdaq posted a four-week winning streak. Among the key S&P sectors, industrials was the best weekly performer, while the energy sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 9.5 percent lower, near 27.4 Read MoreStrong recovery all across the board – Time to get back into the market!
October 11th 2020
Market Review
U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.3% over the week to close at 28,586.90. The S&P 500 logged a 3.8% rise for the week to finish at 3,477.13. The Nasdaq ended at 11,579.94 and jumped 4.6% over the past week. All key S&P sectors ended in positive territory for the week, led by the materials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 25. Read MoreDo not get greedy as correction risk remains high!
October 4th 2020