TSLA on the cusp of a bullish break-out, US 10yr Yields on the cusp of a bearish break-out
Narrations of a Sector ETF Operator | Weekly Market Letter, October 27, 2024 Read More »
COMMENTARY: The S&P500 Index fell 0.96% this week, reversing recent streaks of positive results. A rise in 10-year yields, inflation and election concerns all played a role in the overall decline. Only one S&P sector rose, Consumer Discretionary was up 0.7%. Tesla was the main driver as it represents ~15% of the index and rallied
Performance Summary: Week ending October 25th, 2024 Read More »
Growth is back on top in the near-term, but rising interest rates remain a concern to monitor closely
Factor Friday: Growth Improving Despite Higher Yields, October 25, 2024 Read More »
S&P futures are higher Friday morning after a mixed-to-higher close on Thursday, where the S&P 500 snapped its three-day losing streak. Tesla (TSLA) led gains on strong earnings, while software, logistics, managed care, homebuilders, and hotels outperformed. Laggards included rails, hospitals, precious metals, and ride share. Overnight, Asian markets were mixed with Greater China up,
ETFsector.com Daily Trading Outlook, October 25, 2024 Read More »
USD failing at resistance and moving lower would be the most bullish scenario for equities. USD:JPY above 0.95 and US 10yr Yields above 4.3% would signal continuing USD strength moving forward based on our process.
S&P futures are up 0.5% in Thursday morning trading after US equities posted a third straight decline on Wednesday, the first such streak since early September. Laggards included big tech, semis, autos, retail, beverages, trucking, hotels, and industrial metals. Treasuries firmed as the curve bull flattened, and the Dollar Index fell 0.3%. Gold rose 0.7%,
ETFsector.com Daily Trading Outlook, October 24, 2024 Read More »
S&P futures are down 0.1% in Wednesday morning trading after mixed performance on Tuesday, where the S&P 500 logged its first back-to-back decline since early September. Builders, A&D, auto parts, and telecom lagged, while banks, cable, and tobacco outperformed. Asian markets were mixed overnight, with Hong Kong and South Korea up over 1%, while Japan
ETFsector.com Daily Trading Outlook, October 23, 2024 Read More »
Typically, we’ve used this serial to highlight overbought and oversold conditions on sector funds, thematic funds, macro indices and individual stocks to highlight short-term dislocations that we think investors can take advantage of. We wanted to switch gears to focus on longer-term themes that have alpha generating implications for equity and blended strategies. While themes
S&P futures are down 0.5% in Tuesday morning trading, following Monday’s mostly lower session where 10 of 11 sectors declined. Rate-sensitive stocks were notable laggards, though select big tech names outperformed. Treasuries weakened, with the 10-year yield hitting its highest level since late July. The Dollar Index is down 0.1%, gold is up 0.5%, Bitcoin
ETFsector.com Daily Trading Outlook, October 22, 2024 Read More »
S&P futures are down 0.2% in Monday morning trading, following last week’s gains where the Dow, S&P, and Nasdaq all extended their winning streak to six weeks, the longest in 2024. Big tech, banks, airlines, builders, retail, and utilities were standouts, while managed care, energy, machinery, chemicals, and China tech lagged. Asian markets were mixed
ETFsector.com Daily Trading Outlook, October 21, 2024 Read More »
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