admin No Comments

Keep ignoring sentiment driven volatility as the tape remains robust

December 27th 2020

Market Review

Although we saw a stronger washout-event on Monday morning, U.S. stocks finished the holiday-shortened week nearly unchanged. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to close at 30,199.87. The S&P 500 declined 0.2% during the week to end at 3,703.06. The Nasdaq rose 0.4% for the week to end at 12,804.73. Among the key S&P sectors, the financial 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 21.5.

Read more

admin No Comments

S&P 500 climbed to a new record high → expect more to come

December 20th 2020

Market Review

In line with our recent call, U.S. stocks closed out a quite volatile week with gains, with all three major benchmarks reaching new records during the week. For the week, the Dow Jones Industrial Average eked out a small gain of 0.4% to end at 30,179.05. The S&P 500 gained 1.3% in that period to close at 3,709.41. The Nasdaq outperformed with a 3.1% gain for the week to end at 12,755.64. Nearly all key S&P sectors finished in positive territory for the week, led by the technology sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 21.8.

Read more

admin No Comments

Stay bullish, stay safe!

December 13th 2020

Market Review

U.S. stocks finished the week with small losses. The Dow Jones Industrial Average dropped 0.6% over the week to 30,046.37. The S&P 500 booked a weekly loss of 1% to finish at 3,683.46. Both the Dow and S&P 500 posted their first weekly declines in three weeks. The Nasdaq shed 0.7% for the week to end at 12,377.87. Of the S&P sectors, energy was the only gainer, while all other sectors declined. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 23.3.

Read more

admin No Comments

No game-changer visible as year-end rally looks broad based in its nature

December 6th 2020

Market Review

U.S. stocks continued to rally, pushing the major indexes to new record highs. The Dow Jones Industrial Average posted a weekly increase of 1% to finish at a record of 30,218.26. The S&P 500 gained 1.7% over the week to close at a record of 3,699.12. The Nasdaq advanced 2.2% during the week to 12,464.23, a record high as well. All averages booked their fourth weekly gain in five weeks. Most key S&P sectors ended in positive territory for the week, led by the energy sector. The utilities sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 20.8.

Read more