And Then There Were None Part IX While the S&P 500 managed to eke out a slight gain for the week, with the NYSE AdvanceDecline Line reaching an all-time high, the flow of capital continued to trickle out of the market. Despite the S&P 500’s modest 0.24% rise, there was noticeable divergence among market segments. […]

And Then There Were None Part IX The rotation trade saw a resurgence this past week, with the generals stepping aside as the troops led the charge. The troops, represented by the iShares Russell 2000 ETF (IWM), finished up 3.66%, while the generals (NDX) lagged behind, gaining just 1.09%. Market broadening was further evidenced by […]

And Then There Were None Part VIII – Return of the Generals The generals (Nasdaq 100) roared back this week, pulling other markets up with them. The generals finished up 5.38%, the S&P 500 rose 3.93%, and the troops (iShares Russell 2000 ETF, IWM) gained 2.97%. Rounding out the bull run, the Invesco S&P 500 […]

August 12, 2024 In recent weeks markets have been unusually active for summer. The final week of July saw numerous earnings reports, three central bank meetings, and significant labor-market data. Corporate earnings beat estimates overall, but stocks fell since the start of Q2 earnings season, as growth concerns reversed the rotation into small-caps and cyclicals, […]

And Then There Were None Part VII Last week, the markets started out deep in the gutter, with the market appearing to be heavily oversold. This oversold condition was evident from a VIX intraday high of 65 (the highest level since the pandemic), weakening sentiment, and my professional favorite, surging volume in the SPY ETF. […]

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. […]