Breadth & Seasonality

Breadth & Seasonality

OVERVIEW   The U.S. stock market bounced back last week as expected volatility, measured by the VIX Index, fell about 11% to 20.42. The S&P 500 rose 1.5%, the Dow gained 1.8%, and the Nasdaq increased 0.7%. Foreign stocks, however, were mixed for the week....
Mixed Sentiment

Mixed Sentiment

OVERVIEW   The U.S. stock market had a down week, with the S&P 500 Index falling 0.69%, the Nasdaq Composite dropping 1.57%, and the Dow Jones Industrial Average down just 0.01%. Foreign stocks, on the other hand, were up for the week. The MSCI EAFE Index of...
Confirmation

Confirmation

OVERVIEW   The best week since June. That’s what the U.S. stock market delivered last week, as investors embraced the prospect of falling inflation and a potential deceleration in the Fed’s rate hike cycle. The S&P 500 Index of large-cap U.S. stocks surged...
Cumulative Tightening—But Not Yet!

Cumulative Tightening—But Not Yet!

OVERVIEW   U.S. stocks fell last week, with the S&P 500 declining by 3.4%. The index is now up 5.4% from its October 12 closing low of 3,577.03 and down 21.3% from its January 3 closing high of 4,796.56. The Dow Jones Industrial Average did relatively better,...
Trust but Verify

Trust but Verify

OVERVIEW   The Dow Jones Industrial Average rose 5.7% last week, capping its fourth consecutive week of gains and its best four-week stretch since April 2020. The S&P 500 Index rose 4%, notching its best two-week period since November 2020. And pulling up the...
Market Mourning

Market Mourning

OVERVIEW   A relief rally hit Wall Street last week as all three major U.S. stock indices ended in the green. The S&P 500 rose 4.7%, up two of the past three weeks. Same with the Nasdaq Composite, which rose 5.2% for the week. And the Dow Jones Industrial...