Market Sentiment Update 5/20/2013
Despite the lack of high-profile catalysts stocks rallied for the fourth straight week. Market breadth continues to widen as more stocks participate in the rally. The S&P returned 2.1% while the Russell 2000 was up 2.2%.
The big theme in the market last week was Fed “tapering.” Following some
Market Sentiment Update 5/13/2013
US equities extended their recent rally in fairly quiet trading last week. Easy global monetary policy continued to dominate the headlines and lead to broader market participation. The technicals held firm and the S&P returned 1.2% while the Russell 2000 advanced 2.2%.
We continue to have a
Where did all that Gold go?
While the stock market has quietly ticked to new highs, the metals markets have seen one of their most volatile periods in decades as gold declined 15% in just 2 days. The magnitude and swiftness of this decline mirrors the 1987 crash and other precipitous market crashes. Everyone is attemptingread more...
Market Sentiment Update 5/6/2013
Stocks extended their rally last week. Better than expected earnings and labor market data, as well as another round of supportive policy rhetoric, helped to push the S&P up 2.0%. There was broad participation in the rally and the Russell 2000 managed a 2.0% gain as well.
An expanding advance
Market Sentiment Update 4/29/2013
Stocks finished higher last week, rebounding from the biggest pullback of the year in the prior week. Fueled by expectations of additional policy support the technicals firmed up as the S&P returned 1.7% and the Russell 2000 advanced 2.5%.
Tactically, our near-term stance remains neutral. Withread more...