Key Takeaways
- Bounce was successfully running out of fuel last week
- Trend quality is neglecting any sustainable recovery scenario
- The current risk-/reward ratio still looks too low for a strategic bargain hunt
Market Review
All major indices finished the week deeply in the red. The Dow Jones Industrial Average shed 1.6% over the week to 33,127.28. The S&P 500 booked a weekly loss of 2.4% to finish at 4,224.16. The Nasdaq slumped 3.2% for the week to end at 12,983.81. Except energy and staples, all key S&P sectors ended in negative territory for the week, led by the real estate sector. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished the week increased to 21.7. Read MoreYou are currently viewing a placeholder content from X. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
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