S&P 500 recorded its best week of 2024!

September 16th 2024 |

Key Takeaways

  • Latest Pullback turned out to be limited in price and time – as expected!
  • New all-time high in our WSC Model Portfolio Composite
  • Further confirmation for our positive outlook!

Market Review |

U.S. stocks closed the week with strong gains. The Dow Jones Industrial Average added 2.6% over the week to end at 41,393.78. The S&P 500 jumped 4% for the week to close at 5,626.02. The Nasdaq rocketed 5.9% from last Friday’s close to finish at 17,683.98. Both the Nasdaq and the S&P 500 recorded their best week of 2024. Nearly all key S&P sectors ended in positive territory for the week, led by the technology sector. Energy was the only decliner. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 16.6. Read More

No need to panic right now as market internals still look robust for now

September 8th 2024 |

Key Takeaways

  • Sell-off based on singe heavy weighted tech stocks
  • Outlook remains positive
  • No need to panic, at least for now

Market Review |

U.S. stocks finished a rocky week with stronger losses. The Dow Jones Industrial Average slumped 2.9% over the week to 40,345.41. The S&P 500 closed at 5,408.42 and posted a 4.3% weekly loss. The Nasdaq plunged 5.8% this week to end at 16,690.83. Nearly all key S&P sectors were negative for the week, led by the technology sector. Staples and real estate were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, increased to 22.4. Read More

No major dealbreaker visible – at least for now!

September 1st 2024 |

Key Takeaways

  • Further confirmation for our positive outlook!
  • Seasonal headwinds possible but no major deal-breaker visible for now.
  • New all-time highs in two model-portfolios

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average advanced 0.9% during the week to close at new record of 41,563.08. The S&P 500 eked out a small weekly gain of 0.2% and closed to 5,648.40. The Nasdaq dropped 0.9% this week and finished at 17,713.62. Among the key S&P sectors, the financial 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 15. Read More