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Will the risk for a stronger trend reversal remain high?

December 26th 2021 |

Market Review |

U.S. stocks closed out an extremely volatile week with gains. For the week, the Dow Jones Industrial Average rose 1.6% to end at 35,950.56. The S&P 500 gained 2.3% from last Friday’s close to end at a record of 4,725.79. The Nasdaq jumped 3.2% for the week to end at 15,653.37. Among the key S&P sectors, discretionary was the best weekly performer, while financials dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.0.

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Is it too early to get back into the market?

December 19th 2021 |

Market Review |

As expected in our latest Market Timing Forecast, U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 1.7% over the week to 35,365.44. The S&P 500 booked a weekly loss of 1.9% to close at 4,620.64. The Nasdaq plummeted 2.9% for the week to end at 15,169.68. Among the key S&P sectors, health care was the best weekly performer, while the energy sector dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended near 21.6.

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Does the bounce have legs?

December 12th 2021 |

Market Review |

U.S. rallied strongly bounced for the week, with some major indexes posting new record highs. Snapping a 4-week losing streak, the Dow Jones Industrial Average gained 4.0% to close at 35,970.99. The S&P 500 ended the week 3.8% higher at a record of 4,712.02. The Nasdaq closed at 15,630.60 and booked a weekly gain of 3.6%. All key S&P sectors ended in positive territory for the week, led by the technology sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.7.

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Further confirmation for a bear-case scenario?

December 5th 2021 |

Market Review |

U.S. stocks experienced a roller-coaster week that left major averages lower for the week. The Dow Jones Industrial Average dropped 0.9% for the week to finish at 34,580.08. The S&P 500 fell 1.2% in five trading days to end at 4,538.43. The Nasdaq finished at 15,085.47 and plummeted 2.6% this week. Nearly all key S&P sectors ended in negative territory for the week, led by communication services. The utilities sector was the only gainer. The CBOE Volatility Index (VIX) – seen by many investors as the best “fear gauge” on Wall Street – jumped to 30.7.

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