Month: January 2024

January 28th 2024 |

Key Takeaways

• Strategic positive outlook remains unchanged
• Recovery in trend quality is supporting positive outlook
• New allocations in our Model Portfolios

Market Review |

U.S. stocks finished another week with gains. The Dow Jones Industrial Average advanced 0.7% this week to end at 38,109.43, an all-time closing high. The S&P 500 recorded a weekly gain of 1.1% to close at 4,890.97. The Nasdaq advanced 0.9% for the week to close at 15,455.36. Among the key S&P sectors, energy was the best weekly performer, while discretionary dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3. Read More

January 21st 2024

Key Takeaways

• Markets reached all-time highs last week
• Strategic positive outlook remains unchanged
• Slowdown in trend quality as short-term warning signal

Market Review |

The U.S. stock market finished the week with gains. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 37,863.80. The S&P 500 advanced 1% over the week to 4,839.81, reaching an all-time high. The Nasdaq rose 2.1% over the past five days to 15,310.97. All three major averages are now in positive territory for 2024. Among the key S&P sectors, the technology sector was the best weekly performer, while utilities dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended at 13.3. Read More

January 14th 2024 |

Key Takeaways

• Strategic positive outlook remains unchanged
• Minor change in the WSC Sector Rotation Strategy
• Seasonal headwinds possible

Market Review |

All three major averages finished up for the week. The Dow Jones Industrial Average gained 0.3% for the week to close at 37,592.98. The S&P 500 soared 1.8% week to date to finish at 4,783.83. The Nasdaq jumped 3.1% over the week to end at 14,972.76. Among the key S&P sectors, the technology sector was the best weekly performer, while energies dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended at 12.7. Read More

January 7th 2024 |

Key Takeaways

• Strategic positive outlook remains unchanged
• Potential risk of a consolidation period is increasing
• Seasonal headwinds possible

Market Review |

U.S. stocks finished the week with a negative performance and the three major averages notched their first negative week in 10. The Dow Jones Industrial Average lost 0.6% over the week, to end at 37,466.11. The S&P 500 declined 1.5% from last week’s close to finish at 4,697.24. The Nasdaq closed at 14,524.07, posting a 3.3% weekly loss and its worst weekly performance since September. Among the key S&P sectors, the health care sector was the best weekly performer, while technology dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 13.4. Read More