Month: February 2024

February 25th 2024 |

Key Takeaways

• Market is moving in line with our outlook
• Strong trend quality is supporting strategic positive outlook
• New allocation in our ETF Model Portfolios

Market Review |

U.S. stocks finished the week with gains and with two major indexes posting new record highs. Closing at a record of 39,131.53, the Dow Jones Industrial Average rose 1.3% for the week. The S&P 500 booked a weekly gain of 1.7% and closed at 5,088.80. Earlier Friday, the broad market index broke above 5,100 for the first time. The Nasdaq recorded a weekly gain of 1.4% and finished at 15,996.82, notching a fresh 52-week high earlier in the session. All key S&P sectors finished higher, led by the staples sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.8. Read More

February 18h 2024 |

Key Takeaways

• Strategic positive outlook remains unchanged
• Strong trend quality is supporting positive outlook
• Latest weakness just part of a short-lived breather

Market Review |

U.S. stocks finished the week with a negative performance and the three major averages broke their five-week winning streaks. The Dow Jones Industrial Average slipped 0.1% over the week, to end at 38,627.99. The S&P 500 declined 0.4% from last week’s close to finish at 5,005.57. The Nasdaq closed at 15,775.65, posting a 1.3% weekly loss. Among the key S&P sectors, the energy 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 14.2. Read More

February 11th 2024 |

Key Takeaways

• Strategic positive outlook remains unchanged
• Strong trend quality is supporting positive outlook
• No changes in our Model Portfolios

Market Review |

The U.S. stock market finished another week with gains. For the week, the Dow Jones Industrial Average eked out a small gain of less than 0.1% to close at 38,671.69. The S&P 500 added 1.4% over the week to 5,026.61. The Nasdaq gained 2.3% over the past five days to 15,990.66. All three major averages posted new records on Friday, notched their fifth straight winning week and 14th positive week in 15. 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

February 4th 2024  |

Key Takeaways

• Strategic positive outlook remains unchanged
• Strong trend quality is supporting positive outlook
• No changes in our Model Portfolios

Market Review |

U.S. stocks finished the week with gains and with two major indexes posting new record highs. Closing at a record of 38,654.42, the Dow Jones Industrial Average rose 1.4% for the week. The S&P 500 also booked a weekly gain of 1.4% and closed at a record of 4,958.61. The Nasdaq finished at 15,628.95 and rose 1.1% this week. It was the fourth week in a row of gains for the major benchmarks after a stumble to start 2024. Most key S&P sectors finished higher, led by the discretionary sector. Energy and real estate were the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.9. Read More