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
MARKETS TODAY May 1st, 2023 (Vica Partners) Last Friday, US Markets finished higher with the 3 major Indices all returning a Weekly gain. The Nasdaq was up 1.3% over the past 5 days as Big Tech reported solid Q1 earnings while the S&P 500 was up 3% in the final two days with Exxon and … Read more
MARKETS TODAY April 28th, 2023 (Vica Partners) Yesterday, US Markets sharply rose as strong earnings reversed the early Week selloff. The DOW gained +500 points with Nasdaq/Tech leading advancers. All 11 of the S&P 500 sectors finished higher, Communications outperformed/ Energy lagged. Treasury Yields rose across the curve, Bitcoin jumped >4%. Overnight, Asian markets finished higher, … Read more
MARKETS TODAY April 27th, 2023 (Vica Partners) Yesterday, US Markets finished mixed with The NY FANG+ up 2%/ Mega Cap Growth +>1.2% leading gainers. 2 of 11 of the S&P 500 sectors finished higher, Information Technology outperformed. The Cboe Volatility Index steadied, Treasury Yields rose across the curve and Meta beat earnings in afterhours. In … Read more
MARKETS TODAY April 26th, 2023 (Vica Partners) Yesterday US Markets finished lower. All 11 of the S&P 500 sectors fell, Materials and Information Technology led decliners. SPDR S&P Banking ETF (KRE) was down >4%. Treasury Yields across the curve fall. Oil and the Bloomberg Commodity Index sharply decline. On the upside Bitcoin and Gold gain and … Read more
MARKETS TODAY April 25th, 2023 (Vica Partners) Yesterday, US Markets finished mixed with DOW leading. 6 of 11 of the S&P 500 sectors finished higher, Energy outperformed/ Information Technology lagged. Treasury yields, USD Index, Bitcoin dropped. Oil, the Bloomberg Commodity Index and Gold rise. Dallas Fed Index declined indicating that the manufacturing contraction. Overnight, Asian … Read more
MARKETS TODAY April 24th, 2023 (Vica Partners) Last Week, Indices mostly unchanged, the S&P 500 -0.09% the smallest weekly range in 19 months. We did see broader market upsides as the Volatility Index @15 week low while greed continues to dominate buying sentiment. Earnings summary to date, 18% of S&P 500 companies reported with 75% … Read more
MARKETS TODAY April 21st, 2023 (Vica Partners) Good Friday! Over the past 5 days DOW, S&P 500 and Nasdaq Composite declined 0.71%, 0.40% and 0.88% respectively. Yesterday, the Cboe Volatility Index rose sharply >4% on recessionary concerns. Consumer Discretionary and Communication Services underperformed as Tesla and AT&T missed on earnings. Jobless claims and new employ … Read more
MARKETS TODAY April 20th, 2023 (Vica Partners) Good Thursday! Yesterday, Indices closed broadly lower with Nasdaq and Russell 2000 leading gainers, defensive sector Utilities outperformed. Morgan Stanley (MS), U.S. Bancorp (USB) earning beats boosted the Regional Banking ETF (KRE) up 3.94%. Tech earnings continue to come in soft. Bloomberg Commodity Index, Oil, Bitcoin and Gold … Read more