Key Takeaways
- Our positive outlook remains unchanged
- Sentiment looks a bit stretched at the moment
- Consolidation into deeper July possible
October 29th 2023 |
Expect further (stronger) selling pressure down the road
Trend quality is neglecting any sustainable recovery scenario
The current risk-/reward ratio still looks too low for a strategic bargain hunt
In line with our strategic outlook, U.S. stocks finished another week with brutal losses. The Dow Jones Industrial Average slumped 2.1% over the week to 32,417.59. The S&P 500 closed at 4,117.37 and posted a 2.5% weekly loss. The Nasdaq plunged 2.6% this week to end at 12,643.01. Besides the utilities sector, all key S&P sectors were negative for the week, led by energy. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.3.
October 8th 2023 |
Mainly due to a stronger bounce on Friday, U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.3% during the week to close at 33,407.58. The S&P 500 eked out a small weekly gain of 0.5% to finish at 4,308.50. The Nasdaq climbed 1.6% for the week and finished at 13,431.34. Among the key S&P sectors, the technology sector was the best weekly performer, while energy dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 17.5.
September 24th 2023 |
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.
April 30th 2023 |
U.S. stocks finished the week higher. For the week, the Dow Jones Industrial Average eked out a gain of 0.9% to close at 34,098.16. The S&P 500 also gained 0.9% during the week to end at 4,169.48. The Nasdaq rose 1.3% for the week to end at 12,226.58. Among the key S&P sectors, the comm. services 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, closed at 15.8.
April 23rd 2023 |
All major indices finished the week in the red. The Dow Jones Industrial Average shed 0.2% over the week to 33,808.96. The S&P 500 booked a small weekly loss of 0.1% to finish at 4,133.52. The Nasdaq declined 0.4% for the week to end at 12,072.46. Among the key S&P sectors, the staples sector was the best weekly performer, while comm. services dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 16.8.
April 16th 2023 |
Major U.S. averages finished the week higher. The Dow Jones Industrial Average advanced 1.2% during the week to close at 33,886.47. The S&P 500 gained 0.8% for the week to close at 4,137.64. The Nasdaq managed to eke out a small weekly gain of 0.3% to end at 12,123.47. Among the key S&P sectors, financials were the best weekly performer, while the real estate sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 17.1.
April 9th 2023 |
U.S. stocks finished the holiday-shortened week mainly with a negative performance. While the Dow Jones Industrial Average squeaked out a small gain of 0.6% to close at 33,485.29, the S&P 500 declined 0.1% during the week to end at 4,105.02. Also, the Nasdaq lost 1.1% for the week to end at 12,087.96. Among the key S&P sectors, the health care sector was the best weekly performer, while industrials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 18.4.