Still too early to get back into the market as downside risk remains high!
December 19th 2021 |
Market Review |
As expected in our latest Market Timing Forecast, U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.7% over the week to 35,365.44. The S&P 500 booked a weekly loss of 1.9% to close at 4,620.64. The Nasdaq plummeted 2.9% for the week to end at 15,169.68. Among the key S&P sectors, health care was the best weekly performer, while the energy sector dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended near 21.6. Read MoreBeware, as the quality of the latest recovery was outright poor!
December 12th 2021 |
Market Review |
U.S. stocks strongly bounced for the week, with some major indexes posting new record highs. Snapping a 4-week losing streak, the Dow Jones Industrial Average gained 4.0% to close at 35,970.99. The S&P 500 ended the week 3.8% higher at a record of 4,712.02. The Nasdaq closed at 15,630.60 and booked a weekly gain of 3.6%. All key S&P sectors ended in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.7. Read MoreFurther confirmation for our bear-case scenario!
December 5th 2021 |