Weekly Market Summary: U.S. Stocks Kick Off April With Winning Streak

Our Archive

Search completed

The Contrary Investing Report > NASDAQ:WBA

The domestic stock market averages started April on a positive note and on Thursday, the S&P 500 index achieved its longest winning streak in over a year.

Taking a bit further look back, Bespoke Investment Group noted this week that it’s now been 100 days since the major U.S. indexes bottomed in late December. Highlighted in the following table, Industrial and Technology names have led the average 22% gain in the S&P 500 since then, while healthcare stocks have lagged.

Source: Bespoke Investment Group  

Full Slate of Economic News

In overseas news this week, Theresa May suffered yet another defeat in Parliament, regarding the Brexit process.… Read more

Read More

Investors shrugged off an inversion of the U.S. Treasury yield curve and domestic stock market averages ended the first quarter with 10%-plus gains across the board.

Trade talks resumed with China this week, as a U.S. delegation, including Treasury Secretary Steven Mnuchin, visited Beijing. The sides are expected to continue discussions next week in Washington D.C.

Inverse Reaction

There was a negative initial reaction to the 3-month U.S. Treasury yield falling below that of the benchmark 10-year note, but rates and investor sentiment leveled off throughout the week.

An inversion of the yield curve often (but not always) predicts an upcoming economic recession.… Read more

Read More

Don’t take any dividends for granted today. Business disruption is accelerating as entire industries are being eaten alive.

Uber and Lyft? Killed cabs.

Amazon (AMZN)? It’s crushing retail, and starving their REIT landlords right before our very eyes.

And soon, these disruptors might team up to offer more same day deliveries – and make more rivals obsolete!

These types of disturbances have added a new layer to contrarian investing. In years past, it was as simple as buying stocks when they were out-of-favor and holding them until they became back in vogue. The “Dogs of the Dow” strategy, for example, usually beat the market by banking the highest blue chip dividend yields – a sign that the tide was ready to turn back in the dogs favor.…
Read more

Read More

Categories