April 3rd 2022
|
Key Takeaways
- We stick to our strategic bullish outlook for the S&P 500 from January 20th.
- Quality of the current uptrend continued to improve (even on a mid-term time perspective)
- On a very short-term time perspective a sentiment-driven consolidation cannot be ruled out.
- We decided to stop publishing the long-term section in our Weekly Market Timing Forecast since it has no impact on our forecast.
Market Review |
Last week, all three major U.S. averages finished a turbulent week nearly unchanged. The Dow Jones Industrial Average lost 0.1% during the week to close at 34,818.27. The S&P 500 managed to eke out a weekly gain of 0.1% to close at 4,545.86. The Nasdaq gained 0.7% for the week to end at 14,261.50. Among the key S&P sectors, real estate was the best weekly performer, while the financial sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 19.6.
Read More