Under uncertain yet seemingly improving economic conditions, the S&P 500 Index ((IVV)) has inched its way forward for much of the year, gaining just under 14% during this low-volume, low (but increasing) volatility period. The index bounced off support at the 1800 level and now finds itself at new all-time highs in a little over a month. The S&P 500 [...]
After a slow, stubborn march forward to the 2000 level, the S&P 500 Cap-Weighted Index ((IVV) had broken down in October before recovering to new all-time highs in a matter of weeks. Quite an impressive feat. The rate of increase has diminished in the past few days, though, as it appears that the market is tiring. The S&P 500 is up 12.26% for [...]
The GSCI Commodity Index ((GSG)) consists primarily of Energy, but also includes Agriculture, Industrial Metals, Livestock, and Precious Metals as part of its holdings. The index broke down during the month of July on the back of a stronger US Dollar. It failed a critical test once it broke through the 200-day moving average, and now is down for 14.79% [...]
Not even geopolitical events in Ukraine, Iraq, and Syria, nor a third European recession in five years, can dislodge the US markets. Two weeks after hitting the 1820 level, the S&P 500 Index (IVV) broke resistance at the 50-day and 200-day moving average on its way to a new all-time closing high. That's an 11% gain in 13 trading days! The [...]
Under uncertain yet seemingly improving economic conditions, the S&P 500 Index((IVV)) has inched its way forward for much of the year, gaining just under 8% during this low-volume, low (but increasing) volatility period. The index bounced off support at the 1800 level and now finds itself right under resistance at the 50-day MA. This week should determine if we're in [...]
After a slow, stubborn march forward to the 2000 level, the S&P 500 Cap-Weighted Index ((IVV) has broken down in the last couple of weeks. Although not exactly a surprise, the index broke both moving averages on its way to support. If it wants to limit the technical damage, which is already pretty grim, the index must get above the 1900 [...]
The GSCI Commodity Index ((GSG)) consists primarily of Energy, but also includes Agriculture, Industrial Metals, Livestock, and Precious Metals as part of its holdings. The index broke down during the month of July on the back of a stronger US Dollar. It failed a critical test once it broke through the 200-day moving average, and now is down for 11.49% [...]
It looks like geopolitical events in Ukraine, Iraq, and Syria are finally taking their toll on the world's markets. After making new all-time highs just two weeks ago, the S&P 500 Index (IVV) broke through the 2000 level and then its 50-day moving average. It bounced off support towards the end of last week, and now is sure to test resistance at the 1975 level [...]
Our Chief Investment Strategist: Structural vs Cyclical
Under uncertain yet seemingly improving economic conditions, the S&P 500 Index((IVV)) has inched its way forward for much of the year, gaining just over 10% during this low-volume, low-volatility period. The S&P 500 Value Index ((IVE)), which consists primarily of US large-cap value stocks in the financial services, industrial, and consumer cyclical industries, tend to have lower price to earnings [...]
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