The S&P 500 reached a new all-time high, but…

April 28th 2019

Market Review

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average remained nearly unchanged for the week (down less than 0.1 percent) and closed 1.5 percent below its all-time high at 26,543.33. The S&P 500 increased 1.2 percent for the week to a new all-time high of 2,939.88. The Nasdaq jumped 1.9 percent for the week to end also at an all-time high of 8,146.40. Among the key S&P sectors, the health care sector was the best weekly performer, while energy dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 12.7.

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Smells like further range bound trading ahead!

March 24th 2019

Market Review

U.S. stocks ended the week with losses. The Dow Jones Industrial Average fell 1.3 percent in five trading days to end at 25,502.32. The S&P 500 booked a 0.8 percent loss over the week and closed at 2,800.71. The Nasdaq dropped 0.6 percent for the week to 7,642.67. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged. The CBOE Volatility Index (VIX), increased to 16.96.

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Short-term breather possible but no reason to panic right now!

April 21st 2019

Market Review

U.S. stocks finished the holiday-shortened week nearly unchanged. The Dow Jones Industrial Average booked a weekly gain of 0.6 percent to close at 26,559.54. The S&P 500 slipped 0.1 percent during the week to end at 2,905.03. The Nasdaq eked out a little weekly gain of 0.2 percent to finish at 7,998.06. Among the key S&P sectors, the industrials sector was the best weekly performer, while health care dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed at 12.1.

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No major deal-breakers visible, although increased volatility looks quite likely!

April 14th 2019

Market Review

U.S. stocks finished the week mostly with gains. For the week, the Dow Jones Industrial Average lost 0.1 percent to close at 26,412.30. The S&P 500 booked a weekly gain of 0.5 percent to end at 2,907.41. The Nasdaq added 0.6 percent for the week to end at 7,984.16. Among the key S&P sectors, the financial sector 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 12.

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Expect new bull-market highs soon! PS: New high in our model portfolio!

April 7th 2019

Market Review

U.S. stocks rallied for the week. The Dow Jones Industrial Average surged 2.0 percent for the week to close at 26,424.99. The S&P 500climbed also 2.0 percent from last Friday’s close to end at 2,892.74. The Nasdaq booked a weekly gain of 2.7 percent and finished at 7,938.69. Most key S&P sectors ended in positive territory for the week, led by materials. Consumer staples and utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.8.

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