(28 June 2026) Stocks were generally lower last week as investors took profits in overheated technology and AI-related sectors. While the NASDAQ and S&P 500 were negative on the week, the rest of the market was actually higher as the Dow (DJIA), small cap Russell 2000 and NYSE Composite finished higher on prospects of lower oil prices and moderating inflation.
The tech pullback coincided with a period of relative weakness given the conjunction of Mars to Mercury in the NYSE chart. Based on our backtest of previous conjunctions, stocks tended to be modestly negative in the 12 or 18 days leading up to the June 24 conjunction. The updated cumulative chart below illustrates this period of relative weakness, even if...
(10 May 2026) US stocks finished higher again last week as optimism about AI-related earnings outweighed the underlying geopolitical uncertainty. The tech-heavy NASDAQ posted...
(9 April 2026) Stocks stayed in rally mode on Thursday with a strong follow-through after Wednesday's ceasefire surge. The scale of recent gains since...