** This week both Mish and Keith reviewed the big picture together. Market Outlook commentary was done by Mish, with highlights and video contributed by Keith.
With Daily’s recently titled “Granny Retail Hangs Tough” and “Granddad Russell 2000 Takes the …
US equities once again put in a mixed performance with small caps (IWM) lagging, down -.76% for week, while NASDAQ 100 was up +4.67 % and registered yet another new All-time high on Friday. Breath figures (SPY) show the number …
The NASDAQ 100 (QQQ) closed the week at new all-time highs, +1.65%, while the Dow Industrials (DIA) was down -.2%. In fact, YTD, the Dow is down -9.36% while the Nasdaq 100 is up 18.62%, certainly a tale of two …
The easing of the lock down has resulted in a huge spike up of infections and a corresponding spike down in stock prices. Equities closed down about -3% on average and are now mostly down over the last month.
Stepping …
US Equity Markets closed up on the week, led by the NASDAQ 100 which was up +3.5%. The news of a spike in the spread of the virus, triggered Apple to close stores in several states. That hit the tape …
US Equity Markets reversed course and closed down -5% for the week on average. Risk gauges followed suit and closed in risk off mode. The selloff was largely a reaction to the Feds plans regarding rates heading into in 2022. …
US Equity Markets yet again tacked on some serious gains led by IWM (Grandpa Russell) which was up more than 8% for the week. It reduced its YTD loss to just- 9.355 while the S&P500 is now basically flat. The …
U.S. equity markets improved their footing with most key benchmarks gaining more than 3% for the week. The NASDAQ 100 is up over 9.76% YTD, and the S&P 500 regained its 200-day moving average.
This recovery of the S&P 500 …
US Equity markets regained its footing with most key benchmarks gaining 3% for the week. The NASDAQ 100 is up over 8% YTD while the IWM (Grandpa Russell) is down -18.58% during the same period. This divergence in price action …
US Equity markets retreated this week down between -.7 to -5.5%, but found support at their 50 day moving averages, preventing what was looking like a meltdown in the making. One short term sentiment indicator hit oversold levels which helped …