US Large Cap. outperformance vs. the MSCI World Index has plateaued. We think higher rates domestically would likely benefit ex-US equity performance as well as the average US stock pursuant to our big theme “Mega Cap. Growth vs. Everything Else”
S&P futures up 0.4% in Wednesday morning trading, building on Tuesday’s rally where strong breadth saw over 80% of the S&P 500 advance, with the equal-weight index outperforming. Asian markets were mixed overnight, with Japan gaining 1.5%, while Hong Kong and China declined. European markets are higher, up ~0.8%. Treasuries are slightly weaker, the dollar
ETFsector.com Daily Trading Outlook, January 22, 2025 Read More »
S&P futures up 0.5% Tuesday morning, continuing last week’s rally. Breadth remains a highlight with the equal-weight S&P outperforming by ~100 bp. Standout sectors include banks, builders, credit cards, commodity equities, and machinery. Asian markets mostly higher overnight, led by Hong Kong (+1%), while European markets are flat. Treasuries firmer with a bull flattening curve.
ETFsector.com Daily Trading Outlook, January 21, 2025 Read More »
Above 4.7% on the 10yr Yield, equities are likely to run into trouble. Below 4.5% is likely a green light for the bull.
COMMENTARY: The S&P500 got back into the green this week, up 2.91%. Wednesday the 15th was the best-performing day since November, driven by a tame inflation report, and a positive start of fourth-quarter earnings reports. Energy carried on from last week’s gains, up 6.3%, and continues to be the highest-performing sector so far this year.
Performance Summary: Week Ending January 17th, 2025 Read More »
The buyer has shown up at our support level, but the S&P 500 remains in a consolidation as we close out the week. We review factor performance to get a read on investor positioning after recent data releases have muddied the inflation picture again. Macro Equities have rallied since last week’s market tiff over inflation.
Factor Friday: Value in Favor in the Near term, January 17, 2025 Read More »
S&P futures are up 0.4% in Friday premarket trading, building on a week of healthy gains, particularly for the equal-weight S&P. European markets are higher, and Asia saw mostly positive sessions. Treasuries are slightly firmer with curve flattening. The dollar index is up 0.1%, gold is down 0.7%, and WTI crude is up 0.6%. A
ETFsector.com Daily Trading Outlook, January 17, 2025 Read More »
S&P futures up 0.3% Thursday morning after a strong rally Wednesday, with the S&P, Nasdaq, and R2K posting their best sessions since November 2016. Big tech, banks, builders, semis, and software led gains, supported by cooler inflation data and strong bank earnings. Asian and European markets traded higher overnight, with notable strength in Taiwan, Australia,
ETFsector.com Daily Trading Outlook, January 16, 2025 Read More »
S&P futures are up 0.3% in Wednesday morning trading after US equities closed mostly higher on Tuesday. Gains were led by small caps, banks, commodity equities, capital goods, builders, and airlines, while big tech and healthcare continued to lag. Treasuries are firmer across the curve, the dollar index is down 0.2%, gold is up 1%,
ETFsector.com Daily Trading Outlook, January 15, 2025 Read More »
The macro picture changed last week as persistently strong economic data has driven interest rates above 2024 highs to start the new year. Crude and Commodities prices have firmed in the near-term as investors position for a more inflationary environment and Growth areas of the equity market come under renewed pressure. At the sector level,
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