Key Takeaways
- Unchanged positive outlook despite short-term consolidation expected.
- No signs of capitulation; downside potential limited.
- Mid-term market condition remains robust, supporting positive tone.
April 1st 2023 |
The market recovered last week as all major U.S. averages posted decent gains for the week. The Dow Jones Industrial Average finished the week 3.2% higher to end at 33,274.15. The S&P 500 added 3.4% in that time period to close at 4,109.31. The Nasdaq advanced 3.4% from last Friday’s close to end at 12,221.91. All key S&P sectors ended in positive territory for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 18.7.
March 26th 2023 |
U.S. stocks ended the week with gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.4% to end at 32,237.53. The S&P 500 added 1.4% in that time period to close at 3,970,99. The Nasdaq increased 1.7% from last Friday’s close to 11,823.96. Most key S&P sectors finished positive for the week, led by the comm. services sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.7.
March 19th 2023 |
All three major U.S. averages finished a turbulent week with a mixed performance. The Dow Jones Industrial Average lost 0.2% during the week to close at 31,861.98. The S&P 500, in contrast, was 1.6% higher for the week to close at 3,916.64. The Nasdaq jumped 4.4% from last Friday’s close and finished at 11,630.51. 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, traded near 25.5.
March 11th 2023 |
U.S. stocks finished the week finally with deep losses. The Dow Jones Industrial Average slumped 4.4% over the week to 31,909.64. The S&P 500 retreated 4.6% for the week to finish at 3,861.59. The Nasdaq posted a 4.7% loss for the week and finished at 11,138.89. All key S&P sectors ended in negative territory for the week, led by the financial sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 24.8.
March 5th 2023 |
U.S. stocks closed the week with decent gains. The Dow Jones Industrial Average added 1.8% over the week to end at 33,390.97 and snapped a four-week losing streak. The S&P 500 recorded a weekly 1.9% gain to close at 4,045.64 and its first positive week in the last four. The Nasdaq advanced 2.6% from last Friday’s close to finish at 11,689.01. Most key S&P sectors ended in positive territory for the week, led by the materials sector. Staples and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 18.5.
February 26th 2023 |
U.S. stocks finished the week with losses. The Dow Jones Industrial Average fell almost 3.0% this week to 32,816.92. The S&P 500 retreated 2.7% for the week to finish at 3,970.04. The tech-heavy Nasdaq posted a 3.3% loss for the week and finished at 11,394.94. 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.
February 19th 2023 |
U.S. stocks finished the holiday-shortened week nearly unchanged. For the week, the Dow Jones Industrial Average lost 0.1% to close at 33,826.69. The S&P 500 declined less than 0.3% during the week to end at 4,079.09. The Nasdaq rose 0.6% for the week to end at 11,787.27. Among the key S&P sectors, the discretionary 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 20.
February 11th 2023 |
U.S. stocks finished the week lower. The Dow Jones Industrial Average slipped 0.2% over the week to 33,869.27. The S&P 500 edged 1.1% lower for the week to finish at 4,090.46. The Nasdaq closed out the week down 2.4% to end at 11,718.1. Nearly all key S&P sectors ended in negative territory for the week, led by the comm. services sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.5.
February 5th 2023 |
U.S. stocks ended the week mostly higher. The Dow Jones Industrial Average closed at 33,926.01 and finished the week nearly unchanged (down 0.15%). The S&P 500 recorded a 1.6% gain over the week to close at 4,136.48. The Nasdaq jumped 3.1% from last Friday’s close to finish at 12,006.95, posting its fifth-straight winning week. Among the key S&P sectors, the comm. services sector was the best weekly performer, while the energy sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.3.
January 28th 2023 |
In line with our latest call, U.S. stocks rallied strongly for the week. The Dow Jones Industrial Average gained 1.8% in the past five days to finish at 33,978.08. The S&P 500 added 2.5% over the week to finish at 4,070.56. The Nasdaq jumped 4.3% during the week to 11,621.71 and closed out its fourth week of gains. All three major averages are on pace for a month of gains. Nearly all key S&P sectors ended in positive territory for the week, led by the discretionary sector. Health care and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 18.5.
January 21st 2023 |
U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 2.7% over the week, to end at 33,375.49. The S&P 500 declined 0.7% from last week’s close to finish at 3,972.61. The Nasdaq closed at 11,140.43, posting a 0.6% weekly gain and its third positive week in a row. All of the major averages are still in positive territory for the year. Among the key S&P sectors, the comm. services sector was the best weekly performer, while industrials dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 19.9.
January 15th 2023 |
In line with our latest strategic call, U.S. stocks rallied for the week. The Dow Jones Industrial Average gained 2.0% from last Friday’s close to 34,302.61. The S&P 500 finished at 3,999.09 and surged 2.7% on the week. The Nasdaq jumped 4.8% during the week to 11,079.16. The S&P and Nasdaq each posted their second consecutive positive week and best weekly performance since November. Among the key S&P sectors, real estate was the best weekly performer, while staples dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 18.4.
January 8th 2023|
U.S. stocks closed the first week of the year with gains. The Dow Jones Industrial Average added 1.5% over the week to end at 33,630.61. The S&P 500 recorded also a weekly 1.5% gain to close at 3,895.08. The Nasdaq advanced 1% from last Friday’s close to finish at 10,569.29. Most key S&P sectors ended in positive territory for the week, led by comm. services. Health care was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 21.1.
January 1st 2023 |
U.S. stocks finished the final week lower. The Dow Jones Industrial Average closed at 33,147.25 and ended the week 0.2% down. The S&P 500 edged 0.1% lower for the week to finish at 3,839.50. The Nasdaq closed out the week down 0.3% to end at 10,466.88. Friday marked the final day of trading in what has been a painful year for stocks. All three of the major averages suffered their worst year since 2008 and snapped a three-year win streak. The Dow Jones Industrial fared the best of the indexes in 2022, down about 8.8%. The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq tumbled 33.1% (click here for more relevant market relevant statistics). Among the key S&P sectors, financials were the best weekly performer, while the materials sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 21.7.
December 25th 2022 |
U.S. stocks finished the week with a mixed performance. The Dow Jones Industrial Average gained 0.9% during the week to close at 33,203.93. The S&P 500 finished at 3,844.82 and ended the week down 0.2%, posting its third straight weekly decline. The Nasdaq Composite closed at 10,497.86 and lost 2% for the week, also for the third down week in a row. Among the key S&P sectors, energy was by far the best weekly performer, while consumer discretionary dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 20.9.
December 18th 2022 |
U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.7% over the week to 32,920.46. The S&P 500 retreated 2.1% for the week to finish at 3,852.36. The tech-heavy Nasdaq posted a 2.7% loss for the week and finished at 10,705.41. All averages notched a second consecutive week of losses. Nearly all key S&P sectors ended in negative territory for the week, led by the technology sector. Energy was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 22.6.
December 11th 2022 |
U.S. stocks finished the week with losses. The Dow Jones Industrial Average dropped 2.8% over the week to 33,476.46. The S&P 500 booked a weekly loss of 3.4% to finish at 3,934.38. The Nasdaq shed 4% for the week to end at 11,004.62. All key S&P sectors finished negative for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 22.8.
December 4th 2022 |
U.S. stocks ended a volatile week with gains. The Dow Jones Industrial Average eked out a small weekly gain of 0.2% to end at 34,429.88. The S&P 500 added 1.1% in that time period to close at 4,071.70. The Nasdaq increased 2.1% from last Friday’s close to 11,461.50. Friday’s close marked the first time the three major indexes notched back-to-back weekly gains since October. Most key S&P sectors finished positive for the week, led by the comm. services sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 19.
November 27th 2022 |
In line with our recent call, U.S. stocks finished the holiday-shortened week with stronger gains. The Dow Jones Industrial Average increased 1.8% during the week to finish at 34,347.03. The S&P 500 added 1.5% in the same timeframe to finish at 4,026.12. The Nasdaq gained 0.7% from last Friday to close at 11,226.36. Most key S&P sectors ended in positive territory for the week, led by the materials sector. Discretionary and comm. services were the only losers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 20.5.
November 20th 2022 |
U.S. stocks finished the week mostly lower. The Dow Jones Industrial Average closed at 33,745.69 and ended the week roughly where it started (0.01% lower). The S&P 500 edged 0.7% lower for the week to finish at 3,965.34. The Nasdaq closed out the week down 1.6% to end at 11,146.06. All three indexes are positive for the month, however. Among the key S&P sectors, staples were the best weekly performer, while the discretionary sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.1.
November 13th 2022 |
The market was in bounce mode last week as all major U.S. averages posted strong weekly gains (mainly driven by a strong up-day on Thursday). Adding 4.1% on a weekly basis, the Dow Jones Industrial Average closed at 33,747.86. The S&P 500 finished at 3,992.93 and jumped 5.9% this week. The broad index closed out its best week since June. The Nasdaq rocketed 8.1% from last Friday’s close to end 11,323.33. It was its best week since March. Among the key S&P sectors, technology 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, dropped to 22.5.
November 6th 2022 |
All major averages closed out the week with stronger losses. Ending four weeks of gains, the Dow Jones Industrial Average shed 1.4% over the week to 32,403.22. The S&P 500 booked a weekly loss of 3.4% to finish at 3,770.55. The Nasdaq slumped 5.7% for the week to end at 10,475.25. Both gauges broke two-week winning streaks. Most key S&P sectors ended in negative territory for the week, led by the comm. service sector. Energy was the best performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 24.6.
October 30th 2022 |
U.S. stocks posted strong gains for the week. Closing at 32,861.80, the Dow Jones Industrial Average finished up 5.7% for the week. The S&P 500 finished at 3,901.06 and increased 3.9% this week. The Nasdaq gained 2.2% for the week and closed at 11,102.45. Nearly all key S&P sectors succeeded to close in positive territory for the week, led by the industrials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 25.8.
October 23rd 2022 |
The market was in bounce mode last week as all three major U.S. averages posted strong weekly gains. For the week, the Dow Jones Industrial Average succeeded to gain 4.9% to close at 31,082.56. The S&P 500 finished at 3,752.75 and is up 4.7% for the week. The Nasdaq jumped 5.2% from last Friday’s close to end 10,859.72. It was the best week since June for all three major averages. Finally, all key S&P sectors ended in positive territory for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 29.7.
October16th 2022 |
U.S. averages finished a turbulent week mostly with a negative performance. The Dow Jones Industrial Average gained 1.2% during the week to close at 29,634.83. The S&P 500, in contrast, was 1.6% lower for the week to close at 3,583.07. The Nasdaq slumped 3.1% from last Friday’s close and finished at 10,321.39. Most key S&P sectors ended in negative territory for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 32.
October 9th 2022 |
Despite Friday’s strong declines, U.S. stocks finished the week with gains. Closing at 29,296.79, the Dow Jones Industrial Average added 2 % for the week. The S&P 500 booked a weekly gain of 1.5% and closed at 3,639.66. The Nasdaq finished at 10,652.41 and eked out a 0.7% gain this week. Most key S&P sectors finished higher, led by the energy sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, traded near 31.3.
October 2nd 2022 |
U.S. stocks finished another week with sharp losses. The Dow Jones Industrial Average decreased 2.9% in five trading days to 28,725.51. The S&P 500 lost 2.9% for the week as well and dropped to 3,585.62. The index closed out its worst month since March 2020. The Nasdaq tumbled 2.7% to close at 10,575.62. For September, the Dow tumbled 8.8%, while the S&P 500 fell 9.3% and the Nasdaq lost 10.5%. Quarter to date, the S&P 500 and Nasdaq wrapped up their first three-quarter losing streak since 2009, losing 5.3% and 4.1%, respectively. The Dow dropped 6.7% in the third quarter and saw a third-straight losing quarter for the first time since 2015. Nearly all key S&P sectors ended in the red for the week, dragged by the utilities sector. The energy sector was the only gainer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 31.7. Read More
September 25th 2022 |
In line with our strategic view, the carnage continued as U.S. stocks finished a brutal week with deep losses. The Dow Jones Industrial Average slumped 4.0% over the week to 29,590.4. The blue-chip closed below 30,000 for the first time since June 17. The S&P 500 closed at 3,693.23 and posted a 4.7% weekly loss. The Nasdaq plunged 5.1% this week to end at 10,867.93. All three averages capped their fifth negative week in six. All key S&P sectors were negative for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 29.9. Read More
September 18th 2022 |
In line with our strategic outlook. U.S. stocks finished the week finally with deep losses. Although the (corrective) bounce continued until Tuesday, the Dow Jones Industrial Average slumped 4.1% over the week to 30,822.42. The S&P 500 retreated 4.8% for the week to finish at 3,873.33. The Nasdaq posted a 5.5% loss for the week and finished at 11,448.40. The three major averages suffered their fourth losing week in five, and it was the worst week for the S&P 500 and Nasdaq since June. Moreover, all the gains from the previous bounce were literally wiped out in a few trading days. All key S&P sectors ended in negative territory for the week, led by the materials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 26.2.
September 11th 2022 |
U.S. stocks finished the holiday-shortened week with gains. Closing at 32,151.71, the Dow Jones Industrial Average added 2.7% for the week. The S&P 500 booked a weekly gain of 3.7% and closed at 4,067.36. The Nasdaq finished at 12,112.31 and jumped 4.1% this week. All three averages snapped a three-week losing streak. All key S&P sectors finished higher, led by the discretionary sector. The CBOE Volatility index (VIX), widely considered the best gauge of fear in the market, dropped to 22.8.
September 4th 2022Â |
U.S. stocks finished the week lower. The Dow Jones Industrial Average lost 3% over the week to 31,318.44. The S&P 500 retreated 3.3% for the week to finish at 3,924.26. The Nasdaq posted a 4.2% loss for the week and finished at 11,630.86. All averages closed out their third straight week of losses. All key S&P sectors ended in negative territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 25.5.