As we’ve moved beyond the midpoint of 2024, it’s a great time to reflect on market trends and look ahead to key factors that will shape the second half of the year. Market Performance in the First Half of 2024 The year started strong for U.S. stock markets. The S&P 500 saw impressive gains, rising […]

And Then There Were None Part VI This week, the S&P 500 continued to slide from its near 5670 high. Meanwhile, the generals have corrected -11.74% so far from July 10th’s 20,691 highs to August 2nd’s low of 18,263. First of all, big thanks to all of you who have complimented us on our commentary […]

And Then There Were None Part V Last week, the markets continued to broaden, playing out our “And Then There were None” rotation theme from late June. The troops (IWM) once again cut into the general’s (NDX 100) leadership, finishing the week up 3.40% while the generals lost -2.56%. The S&P 500 started and ended […]

And Then There Were None Part III This past week, the generals continued their retreat on modest capital flows while the troops resumed their rally. The generals (NDX 100) lost -3.98%, while the troops (iShares Russell 3000 ETF, IWM) gave up much of their early week gains to finish up 1.74%. The S&P 500 ended […]

And Then There Were None Part III It was no longer the same old story; this past week, the markets sang a new tune and began a different dance, my friends. In a sharp reversal, the troops (iShares Russell 2000 ETF, IWM) woke up from their prior slumber to lead the broad market’s charge higher. […]

Although it was a shortened week due to Independence Day, Capital Weighted Volume remained strong, going against seasonal trends. The generals (Nasdaq 100) once again took control, finishing the week up 3.33%. The S&P 500 index closed the week at new highs, up 1.68%. However, it was once again a story of two markets, with […]

And Then There Were None Part II  Under the surface, last week the broad markets appeared dull and lifeless. Nevertheless, internally strong forces were once again lively at work. The S&P 500 closed the week essentially unchanged, up 0.05%. The generals (NDX 100) also eked out a slight gain of 0.13%, but the lagging troops […]

And Then They Were None It was a dull, short week in the markets last week, at least from a price perspective. Yet under the silent surface, something significant may be brewing. The S&P 500 closed up a modest 0.76%, while the lagging troops (iShares Russell 2000 ETF, IWM) finished up 0.82%. However, our leading […]

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]

It is the same old story, same old song and dance, my friend. This past week, the generals (NDX 100) led, up 2.50%, and the troops (iShares Russell 2000 ETF, IWM) retreated, down by -2.22%. However, during this segue, the mega-cap rally occurred on light volume. The S&P 500 finished the week up 1.32% on […]