MARKETS TODAY June 1st, 2023 (Vica Partners) Yesterday, US Markets finished lower, S&P 500 -0.61%, DOW -0.41% and the Nasdaq -0.63%. 7 of 11 of the S&P 500 sectors lower: Energy -1.88% underperformed/ Utilities +0.96% outperformed. Defensive Sectors and Gold gained. In economic news, Chicago PMI fell more than expected but JOLTS job openings unexpectedly … Read more
MARKETS TODAY May 31st, 2023 (Vica Partners) Yesterday, US Markets finished mixed, S&P 500 +0.00%, DOW -0.15% and the Nasdaq +0.32%. 7 of 11 of the S&P 500 sectors lower: Consumer Staples -1.08% underperforms/ Consumer Discretionary +0.76% outperforms. On the upside, FANG+, Gold, Oil and Bitcoin. In economic news, S&P Case-Shiller April home price index … Read more
MARKETS TODAY May 30th, 2023 (Vica Partners) Last Friday, US Markets finished broadly higher, S&P 500 +1.30%, DOW +1.00 and the Nasdaq +2.19%. 8 of 11 of the S&P 500 sectors higher: Information Technology +2.68% outperformed/ Energy -0.37% lagged. Gold, Oil and the Bloomberg Commodity Index gained. In economic news, multiple releases points to resilience … Read more
TECHNICAL ANALYSIS Major Indices Week of May 26, 2023 Stocks saw another extremely volatile week last week, once again led by tech stocks. The Dow saw a two-month trading low against lower trendline support in Thursday’s minor cycle timing point and then all indices rallied with the Nasdaq and the FANG leading the way, closing … Read more
MARKETS TODAY May 25th, 2023 (Vica Partners) On Thursday, US Markets finished mixed, S&P 500 +0.88%, DOW -0.11% and the Nasdaq +1.71%. 6 of 11 of the S&P 500 sectors lower: Energy -1.89% underperformed/ Information Technology +4.45% outperformed. Treasury Yields, USD Index, Bitcoin and WTI Oil all gained. In economic news, Initial weekly jobless claims … Read more
MARKETS TODAY May 25th, 2023 (Vica Partners) On Wednesday, US Markets finished lower, S&P 500 -0.73%, DOW -0.77%, Nasdaq -0.61%. 10 of 11 of the S&P 500 sectors lower: Real Estate -2.21% underperforms/ Energy +0.52% outperforms. Treasury Yields, USD Index and Oil all gained. In economic news, Mortgage Apps fell for 2nd consecutive week and Crude … Read more
MARKETS TODAY May 24th, 2023 (Vica Partners) On Tuesday, US Markets finished lower, S&P 500 -1.12%, DOW -0.69% and the Nasdaq -1.26%. 10 of 11 of the S&P 500 sectors lower: Materials -1.54% underperforms/ Energy +1.04% outperforms Oil, Gold, Bitcoin and USD Index all gained. In economic news, S&P flash U.S. services PMI came in … Read more
MARKETS TODAY May 23rd, 2023 (Vica Partners) On Monday, US Markets finished mixed, S&P 500 +0.02%, DOW -0.42% and the Nasdaq +0.50%. The Russell 2k outperformed +1.22% as SPDR S&P Banking ETF (KRE) was up 3.19%. 7 of 11 of the S&P 500 sectors higher: Communication Services +1.17% outperformed/ Consumer Staples -1.47% lagged. Treasury Yields, … Read more
MARKETS TODAY May 22nd, 2023 (Vica Partners) On Friday US Markets finished broadly lower, S&P 500 -0.14%, DOW -0.33% and the Nasdaq -0.24%. 7 of 11 of the S&P 500 sectors lower: Consumer Discretionary -0.84% lagged/ Energy +0.73% outperformed. The Greed Index, Treasury Yields, Gold Bitcoin and the Bloomberg Commodity Index all gained. In economic … Read more
MARKETS TODAY May 19th, 2023 (Vica Partners) Yesterday US Markets finished broadly higher, S&P 500 +1.19%, DOW +1.24% and the Nasdaq +1.28%. 7 of 11 of the S&P 500 sectors higher, Information Technology +2.06% outperformed/ Real Estate -0.68% lagged. On the upside, Greed Index, Treasury Yields and USD Index gain. In economic news, data was … Read more