Although signs of distribution in equities have been emerging for several weeks, in the last week, downturns have become more decisive with breakdowns by the NASDAQ Composite indicating weakness in technology/communications stocks, and by the Russell 2000 indicating a broad-based aversion to small caps intensifying. In this issue of Equity Leaders Weekly, we dig deeper into the technology sector downturn, and at capital rotation into resource-sensitive emerging resource markets.
This year’s New Year’s rally, which extended the Santa Claus Rally that ran through the last ten days of 2021, has quickly come to a screeching halt. Investors appear to have quickly recognized that many of the issues which plagued sentiment in late November and early December not only haven’t gone away, they may actually be worsening. In this issue of Equity Leaders Weekly, we contrast recent action in the software and energy sectors as examples of rotation between equity market groups.
The Santa Claus Rally which started last week, has continued into this week but the initial rebound momentum has slowed. In this issue of Equity Leaders Weekly, we look at recent action in the Utilities sector and renewed interest in the UK market.
It has been another week of mixed action for equities and commodities. Stock markets in North America, Germany, and Japan retreated for much of the last week, then bounced back yesterday. In this issue of Equity Leaders Weekly, we look at recent action in the price of Lumber, and at how the retail sector has been reflecting changes in investor sentiment.
In this issue of Equity Leaders Weekly, we take our monthly look at Sector Scopes and investigate recent action in international markets.
The cautious turn in sentiment highlighted in last week’s edition of the Equity Leaders Weekly has accelerated in the last week with capital fleeing from equities and commodities and moving back into defensive havens including US bonds, the Japanese Yen, and gold. In this issue of Equity Leaders Weekly, we look at the state of the oil market amid recent volatility and at renewed interest in US bonds.
The tone of equity market trading over the last week or so has shifted from enthusiasm to caution. Part of this may be due to the usual US Thanksgiving week slowdown in trading activity but other factors appear to be at work as well. In this issue of Equity Leaders Weekly, we preview Canadian bank earnings week and what the price of platinum may be telling us about the future of the auto sector.
Broader equity market momentum has slowed in the last few days but a look beneath the hood indicates significant strength in several sectors. In this issue of Equity Leaders Weekly, we take a closer look at sector action in the marketplace, particularly US homebuilding and Canadian junior gold stocks.
In this issue of Equity Leaders Weekly, we look at major breakouts for Gold and other precious metals, and take a monthly look at what the sector scopes are telling us about equity market sentiment and capital flows.
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