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More pain ahead?

January 23rd 2022  |

Market Review |

U.S. stocks finished the shortened week with deep losses. The Dow Jones Industrial Average slumped 4.6% over the week to 34,265.37. The S&P 500 retreated 5.7% for the week to finish at 4,397.94. The Nasdaq posted a 7.6% loss for the week and finished at 13,768.92. Both the Dow and S&P 500 closed out their third straight week of losses and their worst weeks since 2020. All key S&P sectors ended in negative territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, advanced to 28.9.

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Time to get nervous?

January 16th 2022 |

Market Review |

U.S. stocks wrapped a volatile week that left the major averages mostly unchanged for the week. The Dow Jones Industrial Average lost 0.9% for the week to close at 35,911.81. The S&P 500 eked out a small weekly loss of 0.3% and finished at 4,662.85. The Nasdaq declined 0.3% over the week to end at 14,893.75. Most key S&P sectors closed lower for the week, dragged by the real estate sector. Energy was the best weekly performer. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed below 19.2.

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What does the weak start really mean for the market!

January 9th 2022  |

Market Review |

U.S. stocks finished the week with losses. The Dow Jones Industrial Average lost 0.3% over the week to 36,231.66. The S&P 500 booked a weekly loss of 1.8% to close at 4,677.03. The Nasdaq dropped 4.5% for the week to end at 14,935.90. Among the key S&P sectors, energy was the best weekly performer, while the real estate sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 18.8.

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Is the recent all-time high sustainable?

January 2nd 2022  |

Market Review |

U.S. stocks finished the final week with a mixed performance. The Dow Jones Industrial Average gained 1,1% over the week to close at 36,338.30. The S&P 500 recorded a weekly gain of 0.7% and finished at 4,766.18. The Nasdaq ended at 15,644.97 and dropped 0.3% over the past week. All three benchmarks hit new records during the week and finished the month higher. December marked the Dow’s fifth-straight monthly gain and the Nasdaq recorded a six-month winning streak. In addition, all major indexes finished 2021 solidly. The S&P 500 rose 26.9% in 2021, marking the benchmark’s third straight positive year. The Dow and Nasdaq also notched three-year winning streaks, gaining 18.7% and 21.4% for the year, respectively. Nearly all key S&P sectors ended in positive territory for the week, led by the real estate sector; the comm. services sector was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, closed near 17.2.

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