Month: July 2023

July 30th 2023 |

Key Takeaways

• Further confirmation for our bull market scenario
• Trend quality remains outright strong
• Changes in the allocation of our WSC Model Portfolio Composite

Market Review |

In line with our recent outlook, U.S. stocks finished another week with gains. The Dow Jones Industrial Average booked a weekly gain of 0.7% to end at 35,459.29. The S&P 500 added 1.0% in that time to close at 4,582.23. Both gauges closed out their third winning weeks in a row. The Nasdaq advanced 2% for the week to finish at 14,316.66. Among the key S&P sectors, the comm. service sector was the best weekly performer, while utilities dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished at 13.3. Read More

July 23rd 2023 |

Key Takeaways

• Our positive outlook remains unchanged
• Trend quality looks quite high
• Allocation change in the WSC Sector Rotation Strategy

Market Review |

U.S. stocks ended the week mostly higher. The Dow Jones Industrial Average recorded a 2.1% weekly gain to end at 35,227.69. The S&P 500 increased 0.7% over the week to close at 4,536.34. The Nasdaq lost 0.6% from last Friday's close to finish at 14,032.8. Most key S&P sectors ended in positive territory for the week, led by the energy sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.5.market, traded near 13.3. Read More

July 15th 2023 |

Key Takeaways

• Our positive outlook remains unchanged
• Trend quality looks quite high
• Risk of sentiment driven washout-events/consolidation is increasing

Market Review |

U.S. stocks ended the week with hefty gains. The Dow Jones Industrial Average gained 2.3% over the week to end at 34,509.03, notching its best performance since March. The S&P 500 added 2.4% for the week and closed at 4,505.42. The Nasdaq rose 3.3% from last Friday’s close to finish at 14,113.70. All key S&P sectors finished positively for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3. Read More

July 9th 2023 |

Key Takeaways

• Our positive outlook remains unchanged
• Sentiment looks a bit stretched at the moment.
• Further consolidation into July possible

Market Review |

U.S. averages finished the week lower. The Dow Jones Industrial Average shed 2% during the week to close at 33,734.88. The S&P 500 fell 1.6% from last Friday's close to 4,398.95. The Nasdaq declined 0.9% in that time period and finished at 13,660.72. Except real estate, all key S&P sectors ended in negative territory for the week, led by the health care sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.8. Read More

July 2nd 2023 |

Key Takeaways

• Further confirmation for our bull-case scenario as trend quality improved
• New all-time high in the Sector Rotation Strategy
• Changes in the allocation of our WSC Model Portfolio Composite

Market Review |

U.S. stocks ended the week with solid gains. The Dow Jones Industrial Average increased 2% over the week to end at 34,407.60. The S&P 500 gained 2.4% for the week and closed at 4,450.38. The Nasdaq rose 2.2% from last Friday’s close to finish at 13,787.92. For June, the S&P 500 gained 6.5% for its best monthly performance since October. The Nasdaq advanced 6.6% in that month. Both indexes notched a fourth consecutive positive month. The Dow climbed 4.6% in June, for its best month since November. All key S&P sectors finished positive for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.6. Read More