Category: Equity Leaders Weekly

Markets fluctuated in January 2024, ending with modest gains for NASDAQ and declines in China’s markets. Crude Oil and Copper resisted the downtrend. The S&P 100 excelled, while the Russell 2000 struggled. Investors appear to be shifting focus, favoring less risky assets as central banks maintain a tight monetary stance. Despite mixed earnings reports, with some notable sell-offs, the markets are now eyeing major tech and energy firms’ upcoming financial disclosures. The S&P/TSX Composite Index hints at a rebound, particularly in Financials and Energy.

This week, while the Dow topped 38,000 and the S&P 500 set records, narrow market gains and lagging sectors like Financials and Real Estate hint at caution. China’s temporary economic boost and mixed earnings add uncertainty. Investors watch central banks closely, as interest rate decisions could pivot market sentiment.

In this edition of Equity Leaders Weekly, we take out monthly look at Sector Scopes and consider what forces are driving trading in USDCAD along with their wider implications.

In December, the equity market recovery broadened out and participation increased dramatically with the small and mid cap troops finally following the large cap generals higher. In particular, the Russell 2000 Index (RLS.I) staged a very strong rally, climbing up from a successful retest of its October 2022, and driving up through all of the trading range that has prevailed for the last eighteen months and snapping a downtrend line.

In this edition of Equity Leaders Weekly, we look at what the Sector Scopes are telling us about market sentiment and sector performance and also at recent action in the S&P/TSX Composite Index.

In this edition of Equity Leaders Weekly, we look at a big breakout by the NASDAQ and a resurgence in interest in the real estate sector.

In this edition of Equity Leaders Weekly, we look at the current state of the oil price and at capital rotation between large cap and small cap stocks in the US.

In this edition of Equity Leaders Weekly, we look at the Canadian banking sector moving into its earnings week, and at what recent gains in the gold price may be telling us about investor sentiment.

In this edition of Equity Leaders Weekly, we look at how the prospects for a recovering China appear to be having a positive impact on China-sensitive markets like Hong Kong stocks and copper.

In this edition of Equity Leaders Weekly, we take a look at the wide ranging implications of the recent drop in treasury yields, and what a turnaround in the Russell 2000 small cap index is telling us about market breath.