Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
On February 18, 2025, I walked through a signal I got back on Valentine's Day. Now, it's just deciding whether to roll your put hedges down, close your VIX volatility spread, and begin to dip your toes in the water.
The recent rally in risk assets has confounded some analysts, but right or wrong the revival in animal spirits still has momentum, based on several proxies of market behavior via ETF pairs through yesterday’s close.
One of Wall Street’s famous maxims is that bull markets climb a wall of worry. On that score there’s no shortage of real and potential hazards lurking.
Yesterday’s news that US companies accelerated hiring in June strengthens confidence that the Federal Reserve will continue to lift interest rates to tame inflation.
Projections that foreign, small-cap, and value stocks are set to outperform their broad US, large-cap, and growth counterparts are facing new headwinds this year.
In the incessant chatter about inflation, interest rates and recession, continued job growth and the onward march of technology somehow seems to get lost in the discussion.
Market sentiment has improved recently, climbing a wall of worry and suggesting that investors are presuming that the worst has passed for the world economy, based on various ETF pairs.
The strong outperformance of high-beta stocks shows no sign of relinquishing leadership in the US equities market this year, based on a set of ETF proxies.
Just six months ago, the market slaughter of the first six months of 2022 was followed by a strong upsurge in the first six weeks of 2022 led by beaten-up growth stocks. It didn’t last.
How do the charts look after Friday's way-above-expectations jobs report? This week's video looks at a wide variety of charts, ratios, and data sets to assess risk vs. reward in the stock market.
