Month: September 2023

September 24th 2023 |

Key Takeaways

• Market sentiment has not shown any signs of capitulation yet.
• Ingredients for an important low are still missing.
• Thus, expect further selling pressure ahead.

Market Review |

In line with our strategic outlook, U.S. stocks finished a tough week with losses. The Dow Jones Industrial Average declined 1.9% over the week to 33,963.84. The S&P 500 retreated 2.9% for the week to finish at 4,320.06. The Nasdaq posted a 3.6% loss for the week and finished at 13,211.81. The S&P and the Nasdaq recorded their third straight negative week and worst weekly performance since March. All key S&P sectors ended in negative territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 17.2. Read More

September 24th 2023 |

Key Takeaways

• Market sentiment has not shown any signs of capitulation yet.
• Ingredients for an important low are still missing.
• Thus, expect further selling pressure ahead.

Market Review |

In line with our strategic outlook, U.S. stocks finished a tough week with losses. The Dow Jones Industrial Average declined 1.9% over the week to 33,963.84. The S&P 500 retreated 2.9% for the week to finish at 4,320.06. The Nasdaq posted a 3.6% loss for the week and finished at 13,211.81. The S&P and the Nasdaq recorded their third straight negative week and worst weekly performance since March. All key S&P sectors ended in negative territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 17.2. Read More

September 17th 2023 |

Key Takeaways

• Trend quality is neglecting any stronger rally scenario
• Market looks outright vulnerable for stronger disappointments
• Keep the stop-loss at 4,320 (intraday)

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average eked out a small weekly gain of 0.1% to end at 34,618.24. The S&P 500 declined 0.2% from last week's close to finish at 4,450.32. The Nasdaq closed at 13,708.3, posting a 0.4% weekly gain. The S&P 500 and Nasdaq both suffered a second straight week of losses. Among the key S&P sectors, the utilities sector was the best weekly performer, while technology dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 14.8. Read More

September 9th 2023 |

Key Takeaways

• Trend quality is neglecting any stronger rally scenario
• Market looks outright vulnerable for stronger disappointments
• Keep the stop-loss at 4,320 (intraday)

Market Review |

The major U.S. indices finished the week in the red. The Dow Jones Industrial Average shed 0.8% over the week to 34,576.59. The S&P 500 booked a weekly loss of 1.3% to finish at 4,457.49. The Nasdaq plummeted 1.9% for the week to end at 13,761.53. Except energy and utilities, all key S&P sectors ended in negative territory for the week, led by the industrials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, treaded near 13.8.

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September 3rd 2023 |

Key Takeaways

• Market looks outright vulnerable for stronger disappointments
• Keep the stop-loss at 4,320 (intraday)
• New allocations in our Model Portfolios.

Market Review |

The market was in bounce mode last week as all major U.S. averages posted weekly gains. Adding 1.4% on a weekly basis, the Dow Jones Industrial Average closed at 34,837.71. The S&P 500 finished at 4,515.77 and increased 2.5% this week. The Nasdaq advanced 3.3% from last Friday’s close to end 14,031.81. Nearly all key S&P sectors ended in positive territory for the week, led by the technology sector. Utilities and staples were the only losers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.9.

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