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 …
Equity markets shrugged off Mr.Buffet's recent dumping of his airlines stocks (mentioned at his annual shareholder's meeting last Saturday) and reversed what looked like a serious selloff int the making.
Oil and energy bounced off very depressed prices ignoring the …
After devouring the bears this month (+13% on average), the bulls needed some Tums to digest overeating this week. What happens next seems to be a coin toss.
However, two things are clear. First, there has been a rotation to …
Risk Gauges backed off to neutral as U.S. equities put in a rather muted week, with the NASDAQ 100 down -.63% while Grandpa Russell (IWM) picked up some lost ground by closing +.29%.
Both the NASDAQ 100 and the S&P …
U.S. stock indexes extended their rally for the most part with the NASDAQ 100 (QQQ) up +1.3% YTD and +6.9% for the week.
However, small caps Grandpa Russell (IWM) closed -1.5% for the week and down -26.3% for the year.…
US stock indexes reversed last week’s downdraft (up between +7.9 to 14.9%) after getting massive injections of liquidity from the Fed and more stimulus from Capitol Hill. Small caps and value started to visibly outperform signaling the bottoming process is …