No reason to change our positive outlook

December 31st 2023 |

Key Takeaways

  • Further confirmation for our positive outlook
  • No major deal-breaker visible for now
  • Sentiment looks a bit stretched but not a major problem at the moment

Market Review |

Once again, U.S. stocks ended the week with gains. Dow Jones Industrial Average advanced 0.8% this week to end at 37,689.54. The S&P 500 added 0.3% for the week to close at 4,769.83. The Nasdaq eked out a small weekly gain of 0.1% to close at 15,011.35. The Dow finished the year with a 13.7% gain, the broad index with a 24.2% performance and the Nasdaq rose 43.4% year to date. Among the key S&P sectors, staples 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, traded near 12.5. Read More

Washout day leaves market better positioned for further gains!

December 24th 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now
  • Short-term washout-event leaves market better positioned – at least for now

Market Review |

U.S. stocks ended another week with gains. The Dow Jones Industrial Average booked a small weekly gain of 0.2% to end at 37,385.97. The S&P 500 added 0.8% in that time to close at 4,754.63. The Nasdaq recorded a weekly gain of 1.2% to finish at 14,992.97. The three major averages notched their eighth positive week in a row — a first for the S&P 500 since 2017 and for the Dow dating back to 2019. Most key S&P sectors ended in positive territory for the week, led by comm. services. Utilities were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

Outlook remains positive!

December 17th 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now
  • Sentiment looks increasingly stretched but has not reached critical levels yet

Market Review |

U.S. stocks posted strong gains for the week. The Dow Jones Industrial Average gained 2.9% week to date to close at 37,305.16. The S&P 500 advanced 2.9% as well and finished at 4,719.19, posting its longest weekly winning streak since 2017. The Nasdaq also gained 2.9% for the week and closed at 14,813.92. As of Friday, the Dow is higher on the month by 3.8%. The S&P 500 is up by 3.3%, while the Nasdaq Composite has climbed 4.1% so far in December. All key S&P sectors succeeded to close in positive territory 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 12.3. Read More

Seasonal Volatility Likely But Still No Major Dealbreaker Visible

December 10th 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now although sentiment is increasingly becoming a burden
  • Short-term seasonal driven volatility likely

Market Review |

U.S. stocks finished another week with small gains. The Dow Jones Industrial Average advanced less than 0.1% this week to end at 36,247.87. The S&P 500 eked out a small weekly gain of 0.2% to close at 4,604.37. The Nasdaq advanced 0.7% for the week to close at 14,403.97. Among the key S&P sectors, energy was the best weekly performer, while discretionary dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.4. Read More

No Dealbreaker Visible Although Sentiment Increasingly Becoming A Burden

December 3rd 2023 |

Key Takeaways

  • Expected year-end rally still in place
  • No major deal-breaker visible for now although sentiment is increasingly becoming a burden
  • Market pace is likely to slow down as market is heavily overbought

Market Review |

U.S. stocks ended another week with gains. The Dow Jones Industrial Average rallied 2.4% this week to end at 36,245.50. The S&P 500 booked a 0.8% gain over the week and closed at 4,594.63. The Nasdaq advanced 0.4% for the week to close at 14,305.03. For November, the S&P and Nasdaq rallied 8.9% and 10.7%, respectively, to notch their best monthly performances since July 2022. The Dow surged 8.8% for its best month since October 2022. Most key S&P sectors ended in positive territory for the week, led by the real estate sector. Comm. services were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 12.6. Read More