S&P 500 climbed to a new record high → expect more to come
December 20th 2020
Market Review
In line with our recent call, U.S. stocks closed out a quite volatile week with gains, with all three major benchmarks reaching new records during the week. For the week, the Dow Jones Industrial Average eked out a small gain of 0.4% to end at 30,179.05. The S&P 500 gained 1.3% in that period to close at 3,709.41. The Nasdaq outperformed with a 3.1% gain for the week to end at 12,755.64. Nearly all key S&P sectors finished in positive territory for the week, led by the technology sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 21.8. Read MoreStay bullish, stay safe!
December 13th 2020
Market Review
U.S. stocks finished the week with small losses. The Dow Jones Industrial Average dropped 0.6% over the week to 30,046.37. The S&P 500 booked a weekly loss of 1% to finish at 3,683.46. Both the Dow and S&P 500 posted their first weekly declines in three weeks. The Nasdaq shed 0.7% for the week to end at 12,377.87. Of the S&P sectors, energy was the only gainer, while all other sectors declined. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.3. Read MoreNo game-changer visible as year-end rally looks broad based in its nature
December 6th 2020