The S&P 500 closed at an all-time high but …

October 29th 2017

Market Review

U.S. stocks ended the week with gains and new records. The Dow Jones Industrial Average gained 0.5 percent over the week to end at 23,434.19. The blue-chip index advanced for the seventh straight week and the weekly run is the longest since December. The S&P 500 closed at an all-time high of 2,581.07 on Friday. The broad index eked out a weekly gain of 0.2 percent and rose for the seventh consecutive week, its longest positive weekly streak since late 2014. The Nasdaq finished at a record of 6,701.26. It climbed 1.1 percent for the week and recorded its fifth consecutive weekly gain. Among the key S&P sectors, technology was the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.8.

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Smart Money is outright bullish at the moment!

October 22nd 2017

Market Review

U.S. stocks rallied for the week, lifting the major averages to new records highs. For the week, the Dow Jones Industrial Average added 2.0 percent, to 23,328.63. The S&P 500 advanced 0.9 percent during the week to end at 2,575.21. The Nasdaq gained 0.4 percent in five trading days to 6,629.05.

The Dow and the S&P 500 close out their sixth straight weekly gain, while the Nasdaq notched its fourth straight positive week. This is the longest stretch of weekly gains for the Dow since a seven-week rally that ended in December. Among the key S&P sectors, financials was the best weekly performer, while consumer staples dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 10.

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Further all-time highs for two of our model-portfolios!

October 15th 2017

Market Review

U.S. stocks finished the week with further gains. The Dow Jones Industrial Average added 0.4 percent for the week to end at 22,871.72. The S&P 500 advanced 0.2 percent from last Friday’s close to finish at 2,553.17. The Nasdaq climbed 0.2 percent over the week to 6,605.80. The technology-laden index booked its 57th record close in 2017. Most key S&P sectors finished higher, led by consumer staples, while health care and financials ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 9.6.

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No signs for a major deal-breaker visible!

October 8th 2017

Market Review

U.S. stocks finished the week with solid gains. For the week, the Dow Jones Industrial Average gained 1.7 percent to close at 22,773.67. The S&P 500 ended at 2,549.33 and booked a weekly gain of 1.2 percent. Both, the Dow and the S&P 500, have risen for four straight weeks. The Nasdaq logged a weekly return of 1.5 percent and finished at a record high of 6,590.18; its 55th all-time high of 2017. Nearly all key S&P sectors ended in positive territory, led by materials and financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 9.65.

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The S&P 500 reached a new all-time high!

October 1sth 2017

Market Review

U.S. stocks rallied for the week, lifting two major averages to new records highs. For the week, the Dow Jones Industrial Average added 0.3 percent, to 22,405.09, missing its own record by about 7 points. Over the past month, the Dow is up 2.1 percent while over the quarter it rose 4.9 percent. The S&P 500 advanced 0.7 percent to 2,519.36, closing at a record for the 39th time this year. The benchmark index gained 1.9 percent over the month and has risen for eight consecutive quarters, gaining 3.9 percent since July. The Nasdaq closed at a record for a 50th time this year, at 6,495.96. The tech-heavy index rose 1.1 percent over the week and is up 1 percent over the month, while its quarterly gain is 5.8 percent. Its fifth straight quarterly advance. Most key S&P sectors ended in positive territory for the week, led by energy. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 9.5.

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