Extreme Sentiment

Extreme Sentiment

OVERVIEW   Last week, U.S. stocks tumbled to their lowest level since November 2020. The S&P 500 fell 2.9% to close the week and is now down 25.2% from its January 3rd closing high. The Dow Jones Industrial Average also dropped 2.9% for the week, and the...
Revisiting the Low

Revisiting the Low

OVERVIEW   The S&P 500 index reentered bear market territory last week with a 4.65% weekly decline. The Nasdaq Composite, down more than 30% this year, fell 5.07%, and the Dow Jones Industrial Average dropped 4%. Foreign stocks had a rough week as well....
Looking for a Volatility Spike

Looking for a Volatility Spike

OVERVIEW   It was another rough week for the U.S. stock market. All three benchmark stock indices posted losses. The S&P 500 declined 4.8%, its worst week since mid-June. The Dow Jones Industrial Average lost 4.1%, and the Nasdaq Composite slid 5.5%....
Head, Shoulders – Knees and Toes?

Head, Shoulders – Knees and Toes?

OVERVIEW   The U.S. stock market snapped a three-week losing streak on a holiday-shortened week last week. The S&P 500 gained 3.65%, the Dow Jones Industrial Average rose 2.66%, and the Nasdaq Composite popped 4.14%. Growth stocks led the way, gaining 4.11%....
A Rude Awakening

A Rude Awakening

OVERVIEW   The U.S. stock market continued to sell off last week, with the S&P 500 falling 3.29%, the Dow Jones Industrial Average dropping 2.99%, and the Nasdaq Composite plunging 4.21%. Foreign stocks slipped up as well. Developed country stocks fell 3.13%,...