Stronger tape recovery and a new all-time high in our Model Portfolio!

August 26th 2018

Market Review

U.S. stocks ended the week in positive territory, with the S&P 500 and the Nasdaq posting new record highs. The Dow Jones Industrial Average added 0.5 percent over the week to end at 25,790.35. The S&P 500 recorded a weekly 0.9 percent gain to close at a record high of 2,874.69, its first record since January. The Nasdaq advanced 1.7 percent from last Friday’s close to finish at a record of 7,945.98. Among the key S&P sectors, energy was the greatest gainer for the week, while utilities and consumer staples were the only negative sector for the week. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded higher, near 12.

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Slow growth period is slightly running out of fuel!

August 19th 2018

Market Review

U.S. stocks closed the week with a mixed performance. For the week, the Dow Jones Industrial Average gained 1.4 percent to 25,669.32, its highest close since February. The S&P 500 gained 0.6 percent to end at 2,850.13. The Nasdaq, in contrast, lost 0.3 percent during the week to finish at 7,816.33. Most key S&P sectors finished higher, led by consumer staples and utilities, while energy ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended near 12.6.

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Market entered a consolidation period!

August 12th 2018

Market Review

U.S. averages finished the week with a mixed performance. For the week, the Dow Jones Industrial Average fell 0.6 percent to close at 25,313.07. The S&P 500 posted a weekly loss of 0.3 percent closed at 2,833.28. The Nasdaq managed to end the week with a 0.4 percent gain at 7,839.11. Most key S&P sectors ended in negative territory for the week, led by consumer staples. The CBOE Volatility Index (VIX), the gauge of S&P 500 options known as the VIX, ended near 13.2.

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No major deal-breaker visible at the moment!

August 5th 2018

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average rose just 0.04 percent this week and finished at 25,462.58. The S&P 500 ended at 2,840.35 and booked a weekly gain of 0.8 percent, whereas most of the gains were made on Thursday. The S&P 500 and Dow also posted their fifth straight weekly gain. The Nasdaq gained 1.0 percent over the week to finish at 7,812.01. Most key S&P sectors finished higher, led by health care and consumer staples. Energy was the worst performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, held near 11.6.

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