MARKETS TODAY April 4th, 2023 (Vica Partners) Good Tuesday Afternoon, Yesterday, the S&P and DOW extended recent gains with the Nasdaq/ FANG+ declining. Of the S&P 500 sectors Energy and Healthcare outperformed/ Real Estate and Consumer Discretionary underperformed. Overnight, Asian markets finished mixed with the Shanghai Composite up 0.49% and the Nikkei 225 up 0.35% … Read more
MARKETS TODAY March 31st, 2023 (Vica Partners) Good Friday Afternoon, Yesterday, US equity markets ended higher extending the recent gains. The Nasdaq/FANG+ leading advancers for the 2nd consecutive day. All 11 of the S&P 500 sectors were higher/ Real Estate and Consumer Discretionary outperform, Financials Care lagged. The S&P 500 is up about 2.4% for … Read more
MARKETS TODAY March 30th, 2023 (Vica Partners) Good Thursday Afternoon, Yesterday, key Indices closed higher with Nasdaq/FANG+ leading advancers. All 11 of the S&P 500 sectors were higher/ Information Technology and Real Estate out preformed/ defensives lagged. Overnight, Asian markets finished mixed, the Shanghai Composite gained 0.65%, Hang Seng rose 0.49% and the Nikkei 225 … Read more
MARKETS TODAY March 29th, 2023 (Vica Partners) Good Wednesday Afternoon, Yesterday, major indices ended lower as the Nasdaq/FANG+ lead decliners. Energy, Materials outperform while Information Technology lagged. Overnight, Asian markets finished mixed as the Hang Seng gained 2.06%, the Nikkei 225 rose 1.33% and the Shanghai Composite lost 0.16%. Premarket, European markets closed higher today … Read more
MARKETS TODAY March 28th, 2023 (Vica Partners) Good Tuesday Afternoon, Yesterday, after opening higher major US indices ended the session mixed as DOW led gainers. Energy and Financials sectors were up >2% while Tech and mega-cap -growth lagged. Yields rose across the curve with 2/10 spread rising, Oil futures up >4%. Overnight, Asian markets finished … Read more
MARKETS TODAY March 27th, 2023 (Vica Partners) Good Afternoon, Last Week, The Fed, as expected raised rates by 25bps. Markets moved higher following but shortly pulled-back on news that no ’23 rate cuts were discussed. The S&P 500 closed <2.5%> off Friday session highs reversing most of the gains for the week. For the week … Read more
MARKETS TODAY March 24th, 2023 (Vica Partners) Good Afternoon, Yesterday, US equities bounced-back on a late day rally with S&P 500 ending the session up 0.30%. Tech/ Fang+ lead advancers driven by the mega caps. 7 of 11 of the S&P 500 sectors were lower with Energy and Financials as the biggest decliners. Yields dropped across … Read more
MARKETS TODAY March 22nd, 2023 (Vica Partners) A good Wednesday afternoon! Yesterday, US equities closed higher for a second consecutive day with the S&P 500 up 2.2% for the week and recovering from the level it was trading prior to SVB bank failure. Tech/ mega-cap rallied with NYSE FANG+ up 2.30% and re-testing February highs. Strength … Read more
MARKETS TODAY March 21st, 2023 (Vica Partners) A good Tuesday afternoon, Yesterday, US equities closed higher with S&P500 ending at 3952, above 200d (3936). All 11 of the S&P 500 sectors were higher. Materials and Energy outperformed, while mega cap-tech underperformed. Yields moved higher as the USD Dollar Index lower. Oil rose >1, Gold flat and … Read more
MARKETS TODAY March 20th, 2023 (Vica Partners) Happy Monday! Last week, even with the Banking failures the major US indices advanced. The S&P 500 up ended +1.4%, while the FANG+ index was +9%, as mega- and large-cap tech stocks continued to benefit from rotations out of financials and energy. The 2yr treasury yield declined 125bps … Read more