Small Stocks (SM75) futures have made new all-time highs 5 of the last 9 trading days (56%). For context, SM75 made new highs just 5% of days going back to 2017. The phenomenon known as “positive drift” dictates that stocks move higher more often than not.
The 2010s have not been kind to the companies that profit from doing your dirty work. In fact, the energy sector (XLE) has been reelin’ in the years to the tune of a -41% decline in the last decade.
If anything can be gleaned from the intersection of markets and politics over this election, it’s that stocks delight in stability and abhor chaos.
The path for USD has been rocky since its highs of mid-March, but the degree of rockiness depends on the path you’re taking.
Gold’s summer, one of its most volatile in decades, has included a 10% rise, high prices not seen in decades, and multiple short-term outliers in both directions.
Small Technology 60 (STIX) simplifies things for the modern trader: 100% technology stocks with relatively equal exposure across tech companies in information, media, retail, and biotechnology.
The technology sector is up 400% in the last decade, and, while there’s no telling where tech stocks go from here, it’s evident that they are some of the most prominent names in the market. In 2010, Exxon (XOM) was the S&P 500’s largest component, and Apple (AAPL) and Microsoft (MSFT) were the only technology… Read more.
It’s no secret that the technology sector has outperformed its counterparts in energy and finance, but the degree to which this divergence has occurred is extreme. Technology has outperformed energy by more than 60% in 2020, which is far beyond the normal yearly push and pull between these markets of +/-26% going back to 2000.… Read more.
Silver is up 20% in the last week – a feat it has accomplished twice in the last three weeks and only twice more in the last three decades. This precious metal often plays second fiddle to gold in people’s minds, but it has shown truly captivating price action compared to most other markets in… Read more.
The US dollar (USD) is in a bit of a downward spiral in recent trade as it closed lower yesterday for the thirteenth time in the last seventeen trading days. More than 6% off its highs of mid-March, USD has fallen at the hands of a few different characters that mainly include the Australian dollar… Read more.