Healthy Breather Possible But Still No Major Dealbreaker Visible

November 10th 2024 |

Key Takeaways

  • No major dealbreaker visible
  • Positive outlook unchanged
  • New allocation in our WSC Sector Rotation Strategy

Market Review |

U.S. stocks posted strong gains for the week, with all three benchmarks scoring all-time highs. The Dow Jones Industrial Average posted a weekly increase of 4.6% to finish at 43,988.99. The S&P 500 rocketed 4.7% for the five days to 5,995.54. Both indexes notched their best week since November 2023. The Nasdaq jumped 5.7% during the week to 19,286.78. All three averages finished the week at record closing levels. All key S&P sectors ended in positive territory for the week, led by the discretionary sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded around 14.9. Read More

Further Healthy Consolidation at Work!

November 3rd 2024 |

Key Takeaways

  • Further (healthy) consolidation ahead
  • Positive outlook unchanged
  • New allocation in our WSC Sector Rotation Strategy

Market Review |

U.S. stocks finished a choppy week with a negative performance. The Dow Jones Industrial Average lost 0.2% over the week, to end at 42,052.19. The S&P 500 declined 1.4% from last week’s close to finish at 5,728.80. The Nasdaq closed at 18,239.92, posting 1.5% weekly loss. Nearly all key S&P sectors finished lower. The comm. services and the financials sectors were the only gainer, while utilities dragged the most. The Chicago Board Options Exchange Volatility Index, the gauge of S&P 500 options known as the VIX, ended at 21.9. Read More