Equities closed mixed on Friday with the Nasdaq printing a 4th record high for the week up 0.12%. The S&P 500 was off 0.04% while the Dow gave back 0.23% to close out the week. CAT and BA dragged down the Dow while cruise lines were the worst performers in the S&P 500. Futures for […]
ETFsector.com Daily Trading Outlook, June 17, 2024 Read More »
The macro picture underpins a growing disconnect between the index level trends for equities and the breadth beneath the surface. Leadership is becoming narrow.
ETFsector.com Daily Trading Outlook, June 14, 2024 Read More »
Tech stocks led the advance with Semiconductor names up 4.5% on strength from NVDA and Taiwan Semi.
Setting up for Success | ETFsector.com Daily Trading Outlook, June 6, 2024 Read More »
Equities finished the week with the Dow on a rampage (+1.51%) while the S&P 500 finished higher (+0.80%) while the Nasdaq consolidated its near-term gains off -0.01%. Futures are up to start June with the small cap. Russell 2000 projected to open +1.29% and the Nasdaq100 Emini pacing large caps up + 0.52% before the
Setting up for Success | ETFsector.com Daily Trading Outlook, June 3, 2024 Read More »
Last month was more stalemate between Fed policy and Inflation gauges. Almost in the background, the equity markets continued higher. We are now in the summer of an election year which typically sees equity markets consolidate into November 5th. We will start the month positioned for rates to stay flat and for equities to grind sideways over the intermediate term while respecting the strongest longer-term outperformance trends in XLK and XLC.
XLK outperformance has persisted as inflation was not a negative event in May. We look for the outperformance trend to continue at the sector level given the absence of material headwinds and investor recognition of long-term leadership. Our new Elev8 Sector Model debuts with XLK as an OVERWEIGHT allocation of 2.92% for June
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