For the week ending on 1/25/23, bearish became the top sentiment (36.7%; above average) & bullish remained the bottom sentiment (28.4%; below average); neutral became the middle sentiment (35.0%; above average); Bull-Bear Spread was -8.3% (below average). Investor concerns: Inflation (moderating but high); supply-chain disruptions; economy; the Fed (higher rates longer); dollar; crypto ice-age; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (48+ weeks); geopolitical. For the Survey week (Thursday-Wednesday), stocks were up, bonds down, oil up, gold up, dollar down. Notably, this Survey changed direction so soon (in 4 weeks). #AAII #Sentiment #Marketshttps://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=8&scrollTo=912
And thanks Yogi for the update.
Mild winter weather slow energy sector’s advance. The defensive sectors such as utilities and consumer staples are lagging behind. Quite a reversal from last year.
Biggest surprise are the bonds that are advancing across the board as if rate hike is near the top.
If this is bear rally, they are pretty broad.
Possibly what @Junkster referenced … S&P Value Index:
Ticker SVX - “We measure value stocks using three factors: the ratios of book value, earnings, and sales to price. S&P Style Indices divide the complete market capitalization of each parent index into growth and value segments. Constituents are drawn from the S&P 500®.”
Chart 1-Yr (Live)
Charts 01/2022- , Image https://i.ibb.co/v3tkp6B/Screenshot-2023-01-27-07-56-20.png
By Alex Eule Friday, January 27
"The January Effect. Stocks closed out another strong week, with the Nasdaq Composite, in particular, benefiting from the 2023 rebound. The tech-heavy index rose another 1% today, pushing its weekly gain to 4.3%. It's the Nasdaq's fourth-straight week in positive territory.
The S&P 500 rose 0.25% on the day and 2.5% on the week, while the Dow Jones Industrial Average was essentially flat on the day but still up 1.8% this week.
As investors look toward an end to rate hikes, growth-focused tech stocks have been the primary beneficiary. The Nasdaq is closing in on its best January in more than 20 years. With two trading days to go, the index is up 11% on the month, its best January since a 12.2% gain in January 2001.
For a lot of folks, the '01 callback will come with bad memories. At the time, the market was still dealing with the dot-com crash. After the strong January, the Nasdaq went on to fall 30% through the rest of 2001. Ultimately, the Nasdaq didn't find its bottom until October 2002."
Part due to Tsla good er sustain rally last few days
See what will uncle Powell say in two wks. Maybe another consecutive 0.25 0.25 then stop. Inflation appeared improved compared 6 months ago
It's been a reasonable onpar Earning weeks so far
Just like that everyone forgot we had massive draws down in tech -40 45% last year /68% retracement in cryptos
Nasdaq sp500 all past 200 days ma past 24 48 hrs... Most of my cover call options expired itm didn't expect 10 12% swing in few wks