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
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 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
MARKETS TODAY May 18th, 2023 (Vica Partners) Yesterday US Markets finished higher, S&P 500 +1.19%, DOW +1.24% and the Nasdaq +1.28%. 8 of 11 of the S&P 500 sectors higher, Energy +1.63% and Industrials +1.58% outperform/ Utilities -0.54% lags. Russel 2000 +2.21%. Treasury Yields. USD Index, Oil and Bitcoin gain. In economic news, Housing Starts/building … Read more
investors often make the mistake of assuming that a strong company trend will continue indefinitely. This phenomenon is known as “extrapolation bias” or “recency bias.” It refers to the tendency of individuals to assume that current trends and patterns will persist into the future. Investors may become overly optimistic when a company experiences a period … Read more
The opposite of “extrapolation bias” or “recency bias” is known as “mean reversion” or “regression to the mean.” Mean reversion suggests that extreme or outlier data points are likely to return to the average or historical norm over time. Instead of assuming that current trends will continue indefinitely, mean reversion recognizes that exceptional performance, whether … Read more
MARKETS TODAY May 17th, 2023 (Vica Partners) Yesterday US Markets finished lower, S&P 500 -0.64%, DOW -1.01% and the Nasdaq -0.18%. 10 of 11 of the S&P 500 sectors declined, Real Estate -2.30% and Energy -2.24% lagged/ Information Technology +0.09% outperformed. NYFANG+, Treasury Yields and the USD Index gained. In economic news, Retail sales increased … Read more