Matthew Krumholz MARKETS TODAY May 11th, 2023 (Vica Partners) Yesterday, US Markets finished mixed S&P 500 +0.45%, DOW -0.17% and the Nasdaq +1.04%. 6 of 11 of the S&P 500 sectors higher: Information Technology outperforms/ Energy lags. On the upside, mega cap growth rallied continued with NY FANG+ > 1.9%, the Semiconductor ETF (SOXX) >1%. Treasury Yields, … Read more
A key indices analysis refers to the examination of various financial indices that are commonly used to measure the performance and trends of financial markets or specific sectors within the markets. Analyzing key indices over different time frames, such as one month and six months, can provide insights into short-term and medium-term market movements. However, … Read more
MARKETS TODAY May 10th, 2023 (Vica Partners) Yesterday, US Markets finished lower the S&P 500 -0.46%, DOW -0.17% and Nasdaq -0.63%. 9 of 11 of the S&P 500 sectors declined: Information Technology underperformed/ Industrials outperformed. Mega cap growth lagged as the Semiconductor ETF (SOXX) was off 1.70%. Yields, Oil and Gold advanced. Overnight/Premarket, Asian markets … Read more
MARKETS TODAY May 9th, 2023 (Vica Partners) Yesterday, US Markets finished mixed the S&P 500 and Nasdaq only saw moderate gains. Mega cap growth continued to outperform with NYFANG+ Index +1.6%. 6 of 11 of the S&P 500 sectors declined, Utilities lagged while Yields and Oil gained. In economic news, the Feds quarterly loan survey … Read more
MARKETS TODAY May 8th, 2023 (Vica Partners) Last Friday, US Markets finished sharply higher, the S&P 500 +1.85%, DOW +1.65%, Nasdaq +2.25%. All 11 of the S&P 500 sectors gained, Energy and Financials outperformed. Yields rose, Oil >4% and Bitcoin >2%. In economic news, U.S. job growth picked up in April while wage gains increased. … Read more
MARKETS TODAY May 5th, 2023 (Vica Partners) Yesterday, US Markets finished lower, the S&P 500 -0.72%, DOW -0.86%, Nasdaq -0.49%. 9 of 11 of the S&P 500 sectors declines, Industrials and Financials led underperformed/ Utilities outperformed. On the upside, Yields rise and Oil and Bitcoin had modest gains. In economic news, US Productivity declined more … Read more
MARKETS TODAY May 4th, 2023 (Vica Partners) Yesterday, US Markets finished lower, the S&P 500 -0.70%, DOW -0.80%, Nasdaq -0.46%. 9 of 11 of the S&P 500 sectors finished lower, Energy -1.50% led decliners/ Healthcare outperformed. Gold +1.7% and Bitcoin +1.5 while Yields moved lower. The Fed hikes by 25bps to 5.25% but acknowledged inflation … Read more
MARKETS TODAY May 3rd, 2023 (Vica Partners) Yesterday, US Markets finished lower for a 2nd consecutive day, the S&P 500 -1.16%, DOW -1.08%, Nasdaq -1.08% and Yields fell. All 11 of the S&P 500 sectors were off on the day, Energy -4.19% sharply led decliners/ Defensives outperformed. Gold +1.74% and Bitcoin +2.09%. In economic news, … Read more
MARKETS TODAY May 2nd, 2023 (Vica Partners) Yesterday, US Markets finished lower S&P 500 -0.14%, DOW -0.14%, Nasdaq -0.11%. 6 of 11 of the S&P 500 sectors declined on the day, Energy -1.04% and Real Estate -0.86% underperformed/ Healthcare outperformed. Yields rose across the curve. In economic news, S&P 500 Global Manufacturing PMI increased (MOM) … Read more
A double bottom pattern is a technical analysis charting formation showing a major change in trend from a prior down move. Its bullish reversal pattern, because it signifies the end of a downtrend and a shift towards an uptrend. The double bottom pattern looks like the letter “W.” The twice-touched low is considered a support … Read more