Premium Updates

I hope you had a great week, here's a quick recap of last week's plan: Equities had a fairly strong week, as the S&P 500 (+1.3%) and Nasdaq 100 (+2.5%) both advanced. I say "fairly strong" because the Dow is still not keeping up, finishing the week +0.3%. The disconnect is especially pronounced when you compare the New York Stock Exchange (blue) to the S&P 500 … [Read more...] about Weekly Update – June 7th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities fell hard after an abysmal Chicago PMI on Friday, but heavy buying kept the Nasdaq from breaking below the May 17th follow-through day. With that being said, the indexes still closed the week negative, the S&P 500 (-0.53%) and Nasdaq 100 (-1.4%). I cautioned last week that the Dow … [Read more...] about Weekly Update – May 31st, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities fell hard after a strong jobs and PMI report, but Nvidia's earnings report helped both the S&P 500 (+0.03%) and Nasdaq (+1.4%) close positive. The Dow Jones Industrial Average, which does not have Nvidia, experienced a different week, down -2.3%. The question is whether or not the … [Read more...] about Weekly Update – May 24th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities had a good week, rallying after CPI met estimates. The S&P 500 closed +1.5%, and the Nasdaq 100 +2.1%. The Nasdaq logged a follow-through day after Wednesday's CPI data. Follow-through days near all-time highs should be viewed with more skepticism. Ideally, we would like heavy buying … [Read more...] about Weekly Update – May 17th, 2024

I hope you had a great week, here's a quick recap of last week's plan: Equities had a good week with no major economic data. The S&P 500 closed +1.9%, and the Nasdaq 100 1.5%. In other words, tech underperformed the general market, and that was even more pronounced in small caps. The IPO index finished down -0.7%, and Ark -5.6%. Given that small caps have … [Read more...] about Weekly Update – May 10th, 2024