Month: October 2024

October 27th 2024 |

Key Takeaways

• Further consolidation possible
• Positive outlook unchanged
• New allocation in our WSC Model Portfolio Composite

Market Review |

U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average lost 2.7% over the week, to end at 42,114.40. The S&P 500 declined 1.0% from last week's close to finish at 5,808.12. Both the S&P 500 and Dow snapped a six-week winning streak. The Nasdaq closed at 18,518.61, posting a 0.2% weekly rise and its seventh weekly gain. Nearly all key S&P sectors finished lower. The discretionary sector was the only gainer, while materials dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 20.3. Read More

October 20th 2024 |

Key Takeaways

• No major dealbreaker visible
• New all-time highs in three model portfolios
• Positive outlook unchanged

Market Review |

U.S. stocks finished another week with gains with the three major averages clinching their sixth straight positive week. The Dow Jones Industrial Average finished at a record of 43,275.91 and climbed 1.0% this week. The S&P 500 gained 0.9% over the same period and finished also at a record of 5,864.67. This week marked the longest string of weekly advances in 2024 for both the Dow and S&P 500. Closing at 18,489.55, the Nasdaq booked a 0.8% weekly rise. Most key S&P sectors ended in positive territory for the week, led by the utilities sector. The energy and the health care sectors were the only decliners. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dropped to 18. Read More

October 13th 2024 |

Key Takeaways

• Still no major dealbreaker visible
• New all-time highs in two model portfolios
• Positive outlook unchanged

Market Review |

U.S. stocks rallied for another week, with two benchmarks scoring all-time closing highs. The Dow Jones Industrial Average posted a weekly increase of 1.2% to finish at a record of 42,863.86. The S&P 500 rose 1.1% for the five days to a record closing of 5,815.03. The Nasdaq added 1.1% during the week to 18,342.94. Among the key S&P sectors, the technology sector was the best weekly performer, while the utilities sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded around 20.5. Read More

October 6th 2024 |

Key Takeaways

• No major dealbreaker visible
• New all-time highs in our model portfolios
• Positive outlook unchanged

Market Review |

U.S. stocks finished the week with small gains. For the week, the Dow Jones Industrial Average eked out a small gain of 0.1% to notch an all-time closing high of 42,352.75. The S&P 500 finished at 5,751.07 and recorded a weekly gain of 0.2%. The Nasdaq posted a tiny weekly advance of 0.1% to end at 18,137.85. Among the key S&P sectors, the energy sector was the best weekly performer, while the staples sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded more than 9.5 percent lower, near 19.2. Read More