Month: October 2024

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