Key Takeaways
- Our positive outlook remains unchanged
- Sentiment looks a bit stretched at the moment
- Consolidation into deeper July possible
November 5th 2023 |
U.S. stocks strongly bounced for the week and posted solid gains. Closing at 34,061.32, the Dow Jones Industrial Average finished up 5.1% for the week. The S&P 500 finished at 4,358.34 and jumped 5.9 this week. The Nasdaq rocketed 6.6% for the week and closed at 13,478.28. It was the best week for all three indexes since November 2022. All key S&P sectors succeeded to close in positive territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 14.9.
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.
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.
September 9th 2023 |
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.
September 3rd 2023 |
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.
August 27th 2023 |
U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 0.5% during the week to close at 34,346.90. The S&P 500 eked out a weekly gain of 0.8% to finish at 4,405.71. The Nasdaq advanced 2.3% for the week and closed at 13,590.65. 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 15.7.
August 20th 2023 |
U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell 2.2% this week to 34,500.66. The S&P 500 retreated 2.1% for the week to finish at 4,369.71. The tech-heavy Nasdaq posted a 2.6% loss for the week and finished at 13,290.78. Nearly all key S&P sectors ended in negative territory for the week, led by the discretionary sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.7.