US stocks (^DJI, ^IXIC, ^GSPC) ended Friday’s trading session higher, capping off a week of gains as markets rebound from early September volatility (^VIX). Over the last five trading days, the S&P 500 saw gains of over 4% while the Nasdaq Composite surged by nearly 6%.
Market Domination Overtime Julie Hyman recaps the week’s trading trends, examining the Russell 2000 small cap index (^RUT), the S&P 500 Equal Weight Index (^SP500EW, ^SPXEW), and gold prices (GC=F).
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This post was written by Luke Carberry Mogan.
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From today’s session, we saw the rally continuing today and a strong week for particularly the S and P and the NASDAQ, both of them having their strongest week since November.
The NASDAQ.
Somehow I started here by X, but it’s up two thirds of 1%.
The S and P 500 up a half of 1% and the Dow up about 7/10 1%.
But we did see, as I mentioned that strong week for the S and P 500 up about 4% or so on the week.
So definitely seeing some strength there should mention the Russell 2000 also having a strong ending to the week here.
Interesting because it had been sort of lagging the other major averages.
It looks like the equal weights also besting the S and P 500 today, so a broader rally than we have seen in recent days.
One other stand out that I just want to point out that we alluded to earlier in our conversation with Matt Miskin what we’ve been seeing from gold prices gold ticking up again today to close at a record.
Gold has really been gaining in popularity here.
You know, we’ve talked to a lot of folks who have seen gold as something of a hedge here or giving a little bit of defensive insurance if you will.
So that’s part of what we’re seeing here as we see that 4% gain over the course of the week elsewhere in terms of sectors and areas that we’re watching today.
I wanted to look at this favourite of our Jared Blier, Um, which is the sort of leader board sentiment markers, things that are a little Meer perhaps.
And then we’re looking at a weekly chart once again.
G BT C actually big performer on the week of the grey scale Bitcoin trust arc also rising here.
So things that do tend to have a so called higher beta that are as a little bit higher risk.
We’re speculative doing well this week.
The Sox We talked about this before the Philadelphia Semiconductor Index, having a big week as well the magnificent seven or an older way to measure it.
The NY Fang.
So just giving an idea here, that momentum.
And there’s even an ETF called momentum, uh, having a strong week here as we saw a little bit of juice coming back to the market.
Of course, Josh, we’ll see what happens next week with the Fed decision on Wednesday.
