The Early Poll Results – Not Great
November 9, 2023 Good morning, Last Monday we reflected on the stock and bond market’s emphatic reversals of their respective downtrends. For stocks, the S&P 500 Index (SPX) was up +5.85%, its biggest weekly gain in a year. The Russell 2000 (small caps) soared +7.6%, its best week since February 2021. We suggested that the […]
Jumping Ahead
November 6, 2023 Good morning, That was quite a rally last week in stocks and bonds (but not commodities). The S&P 500 Index (SPX) jumped +5.85% and was the weakest major U.S. index on the week. International indexes were not able to keep pace with the SPX, however. There were several reasons for the strong […]