June 21, 2025
Financial Assets

Stock gains potentially poised for extension, building Momentum

Nasdaq-100 futures are currently approximately 3% below their all-time highs, while the S&P 500 is down by less than 2% from its highs. However, fear has been driving stock markets for over a month now, according to a widely recognised sentiment index. This divergence suggests further potential upside for stocks rather than indications of a

Read More
Financial Assets

SPY breadth and underperforming bonds

S&P 500 defended the post unemployment claims high ground in a no news Friday, market breadth further improved and VIX retreated. Also the opening flush to shake out retail has been weak, and both S&P 500 and Nasdaq overcame Wednesday‘s trappy highs – unlike the Russell 2000. Why did smallcaps have a harder time this

Read More