MARKETS THIS WEEK April 22nd, 2023 (Vica Partners) Takeaways Mixed economic releases indicating more recessionary than inflationary Muted performance, S&P 500 -0.09%, Dow -0.36%, Nasdaq -0.30% Sectors, Consumer Staples +1.68%, Real Estate +1.59% outperform/ Communication Services -3.05%, Energy -2.54% lag SPDR S&P Regional Banking ETF ^KRE +1.75% … in the FDIC we trust! YTD … Read more
TECHNICAL ANALYSIS Major Indices Week of April 14, 2023 Stocks sold off on Friday to relieve some overbought short-term conditions, but the major indices all ended the week higher. The Dow closed up +1.20%, the S&P was up +0.80 and the Nasdaq up +0.30 for the week. Prices moved away from the key timing point … Read more
TECHNICAL ANALYSIS Major Indices Week of April 6, 2023 The Dow traded in an extremely tight, shortened weeks range, and closed up +0.63% in the middle of the weekly range. The S&P ended down -0.10% for the first lower close of the past four weeks. The Nasdaq closed down -1.07%. Sentiment has shifted to a … Read more
MARKETS TODAY March 23rd, 2023 (Vica Partners) Good Afternoon, Yesterday, the US equity markets sold off sharply late in the trading session, during following Fed Chair Powell’s press conference (as he did not discuss ’23 rate cuts?). Following his speech, Treasury Secretary Yellen’s press release that the administration was not considering expanding the FDIC’s insurance … Read more
TECHNICAL ANALYSIS Stocks traded a volatile week amidst continuing bank crisis talk coupled with Fed worries about overly aggressive rate hikes leading to the liquidity crunch. The news has created a flight to quality with some large rallies in both the bond and gold markets last week. The DJIA settled down -0.14% in the middle … Read more
MARKETS TODAY March 6 (Vica Partners Overview Through the first week of March the three major US indexes finished with gains on average of 2%, boosted by strong business/ services activity. Over the weekend global markets reacted positively as China set a 5% yearly GDP target. The Fed Team reiterated it’s 2% inflation target and … Read more
MARKETS TODAY Feb 28 (Vica Partners) Session Overview Economic data mostly soft and better than expected Indexes fall as they give back early session gains, Dow leads decliners Yields rise 9 of 11 S&P sectors lower: Utilities and Energy underperformed/ Materials and Financials outperformed Target (TGT), Bayer AG PK (BAYRY), AutoZone (AZO) with solid earning … Read more
MARKETS TODAY Jan 31 (Vica Partners) DOW (^DJI) 34,086 (+369), S&P 500 (^GSPC) 4,077 (+59), Nasdaq (^IXIC) 11,585 (+191), Russell 2000 (^RUT) 1,932 (+46), NYSE FANG+ (^NYFANG) 5,281 (+107), Brent Crude $84.49/barrel (-$0.41), Gold $1,927/oz (+$5), Bitcoin $23.1k (-$36) Session Overview The employment cost index, a metric the Federal Reserve watches closely for inflation had … Read more
MARKETS TODAY Jan 25 (Vica Partners) DOW (^DJI) 33,744 (+10), S&P 500 (^GSPC) 4,016 (-1), Nasdaq (^IXIC) 11,313 (-21), Russell 2000 (^RUT) 1,888 (+3), NYSE FANG+ (^NYFANG) 5,055 (-22), Brent Crude $86.41/barrel (+$0.28), Gold $1,946/oz (+$9), Bitcoin $23.0k (+$403) Session Overview Microsoft slower growth warning weighed on the markets, especially tech DOW ends higher, S&P … Read more
MARKETS TODAY Jan 6 (Vica Partners) DOW (^DJI) 33,631 (+701), S&P 500 (^GSPC) 3,958 (+87), Nasdaq (^IXIC) 10,569 (+264), Russell 2000 (^RUT) 1,793 (+40), NYSE FANG+ (^NYFANG) 4,402 (+108), Brent Crude $78.57/barrel (-$0.12), Gold $1,866/oz (+$33), Bitcoin 16.9k (+$93) Session Overview The Dow Jones Industrial Average ended 700 points higher today, rallying by 2.13% to … Read more