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Sentiment driven consolidation period remains quite healthy in its nature

October 25th 2020

Market Review

U.S. stocks finished the week with small losses. The Dow Jones Industrial Average dropped 1% over the week to 28,335.57. The S&P 500 booked a small weekly loss of 0.5% to finish at 3,465.39. The Nasdaq shed 1.1% for the week to end at 11,548.28. Among the key S&P sectors, commercial services led advancers, while technology led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 27.6.

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Sentiment driven volatility possible but no major deal-breaker visible so far!

October 18th 2020

Market Review

U.S. stocks finished a volatile week with small gains. For the week the Dow Jones Industrial Average eked out a small gain of 0.1% to finish at 28,606.31. The S&P 500 closed at 3,483.81 and recorded a weekly gain of 0.2%. The Nasdaq posted a weekly advance of 0.8% to end at 11,671.56. Both Dow and the S&P 500 notched their third straight weekly gain and the Nasdaq posted a four-week winning streak. Among the key S&P sectors, industrials 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 more than 9.5 percent lower, near 27.4

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Strong recovery all across the board – Time to get back into the market!

October 11th 2020

Market Review

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average gained 3.3% over the week to close at 28,586.90. The S&P 500 logged a 3.8% rise for the week to finish at 3,477.13. The Nasdaq ended at 11,579.94 and jumped 4.6% over the past week. All key S&P sectors ended in positive territory for the week, led by the materials sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 25.

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Do not get greedy as correction risk remains high!

October 4th 2020

Market Review

U.S. stocks wrapped a volatile week whereas all three major U.S. averages finally finished the week higher. The Dow Jones Industrial Average recorded a weekly increase of 1.9% to finish at 27,682.81. The S&P 500 added 1.5% for the week to finish at 3,248.44, ending four-week losing streaks. The Nasdaq also advanced 1.5% from the week-ago close to 11,075.02. Most key S&P sectors ended in positive territory for the week, the energy sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 27.3.

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