Since 1979
The Markets
The market, represented by the Standard and Poor’s 500 Stock Index (SPX) turned in a delightful 4.85 percent gain for the week ending November, closing at 2760.17. That still leaves it down 5.8 percent from its late September high but up 3.24 percent year-to-date.
The Markets
Traders were glad to see the US stock markets close early this shortened week as the S&P 500 Stock Index (SPX) closed down 3.58 percent at 2632.56. That close marks a 10.13 percent decline from its closing high back in late September. The year-to-date loss of 1.54 percent and even the one-year gain of 1.37 percent do not greatly subtract from the gloom. The good news is that the SPX is, by our reckoning, now low to fairly-priced and the abundance of pessimism is far more indicative of a market bottom than one that is spoiling for a crash. Our analysis suggests this correction remains just that and is primarily a result of a market correcting for its growth-stock asset-class excesses in preparation for a rotation to value-based, positive balance-sheet stocks. [Read more…]
The Markets
The venerable S&P 500 Stock Index (SPX) turned in an anemic 0.02 percent return for the week ending on Oct. 19 at 2767.78 but at least the score was not negative! That put it down 5.53 percent for one month, and down 1.22 percent for three months.
The Markets
It was the best of times; it was the worst of times. The S&P 500 Stock Index (SPX), after lingering within striking distance of its record highs for months, fell 4.10 percent in the week ending the 12th, closing the week at 2767.13.
The Markets
The stock market, as represented by the S&P 500 Stock Index (SPX), nosed down to 2885.57 closing the first week of the fourth quarter down 0.97 percent. It has struggled to rise to the record it set in mid-September or to do much better than where it was in late January but seems to hit a wall each time.
The Markets
The S&P 500 Stock Index (SPX) rose 0.75 percent for the week, turning in its fifth straight weekly gain at 2840.35. It is now up a respectable 6.24 percent in 2018 and well over 14 percent from a year ago.
The Markets
Our dearly beloved S&P 500 Stock Index (“SPX“) ended the week down 1.33 percent at 2718.37 on trade war fears, although it managed a gain of 2.93 percent for the second quarter and is up 1.67 percent year-to-date.
The Markets
The benchmark S&P 500 Stock Index (SPX) managed, with great effort, to eke out a gain of 0.31 percent during the week ending May 25, closing at 2721.33.
The Markets
The stock market continued to drift, this time to the downside, as the S&P 500 Stock Index (SPX) lost 0.54 percentage for the week, ending on the 18th at 2712.97.
The Markets
Our favorite stock index, the venerable Standard and Poor’s 500 (SPX) turned in a respectable gain for the week ending May 11, gaining 2.41 percent to end at the memorable number of 2727.72, demonstrating an economy in numeric usage that is almost elegant. More valuable was the fact that it is now up 2.02 percent year-to-date and 14.09 percent from this time last year.
