New all-time high in our WSC Sector Rotation Strategy

March 31st 2024 |

Key Takeaways

  • Market is moving in line with our outlook
  • Strong trend quality is supporting strategic positive outlook
  • New allocation in our ETF Model Portfolios

Market Review |

U.S. stocks ended the week nearly unchanged, pushing two major indexes to new record highs. The Dow Jones Industrial Average closed at 39,807.37 and gained 0.1 % over the week. The S&P 500 also booked a 0.1% gain over the week to close at 5,254.35. Both indexes finished at records. The Nasdaq declined 0.1% from last Friday's close, ending at 16,379.46. On the month, the S&P 500 was higher by 3.1%. The Nasdaq added 1.8% in March, while the Dow climbed 2.1%. It was the fifth straight winning month for all three major averages. For the quarter, the S&P 500 added 10.2% for its best first-quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow advanced 5.6% during the period for its strongest first-quarter performance since 2021 when it jumped 7.4%. The Nasdaq ended the quarter with a 9.1% pop. Among the key S&P sectors, the utilities sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13. Read More

No major dealbreaker visible – at least for now

March 24th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Currently no deal-breaker visible

Market Review |

U.S. stocks finished the week with solid gains. The Dow Jones Industrial Average finished at 39,475.90 and climbed 2% this week. The S&P 500 gained 2.3% over the same period and finished at 5,234.18. Closing at 16,428.82, the Nasdaq rallied 2.9% for the week. Most key S&P sectors ended in positive territory for the week, led by the comm. services sector. Real estate was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 13.1. Read More

Increase in volatility likely but no reason to change our positive outlook!

March 17th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Short-term, the trend momentum is slowing down a bit

Market Review |

U.S. stocks finished the week mostly with small losses. Closing at 38,714.77, the Dow Jones Industrial Average inched lower by less than 0.1% on the week. The S&P 500 booked a small weekly loss of 0.1% to finish at 5,117.09. The Nasdaq shed 0.7% for the week to end at 15,973.17. Among the key S&P sectors, energy and materials led advancers, while real estate led decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 14.4. Read More

Healthy pause likely, whereas strategic positive outlook remains unchanged!

March 10th 2024 |

Key Takeaways

  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook
  • Short-term the market is vulnerable for a healthy pause

Market Review |

U.S. stocks finished a choppy week with a negative performance. The Dow Jones Industrial Average lost 0.9% over the week, to end at 38,722.69. The S&P 500 declined 0.3% from last week’s close to finish at 5,123.69. The Nasdaq closed at 16,085.11, posting 1.2% weekly loss. Among the key S&P sectors, the utilities sector was the best weekly performer, while discretionary dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 14.7. Read More

Solid trend quality all across the board

March 3rd 2024 |

Key Takeaways

  • Markets reached new record highs
  • Strategic positive outlook remains unchanged
  • Strong trend quality is supporting positive outlook

Market Review |

U.S. stocks ended the week mostly higher, pushing two major indexes to new record highs again. The Dow Jones Industrial Average closed at 39,087.38 and finished the week nearly unchanged. The S&P 500 booked a 1% gain over the week to close at 5,137.08. The broad-index recorded a new record high during the day and its first close above the 5,100 threshold. The Nasdaq advanced 1.7% from last Friday's close, finishing at 16,302.2. It also reached a new all-time high during the week. The S&P 500 and the Nasdaq notched their seventh positive week over the last eight. Among the key S&P sectors, the technology was the best weekly performer, while the health care sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.1. Read More