Economic Activity

  • The ECRI Weekly Leading index dropped 1.1 this week and is down -1.26% year over year.

  • ISM Manufacturing dropped to 52.1 from 52.8 previously.

  • ISM Non-manufacturing picked up to 56.9 from 55.5.

  • Non-farm payrolls grew by only 75k from 224k in the previous month.

 

Equity Markets

  • Broad markets had a good week. The Dow was the leader, gaining 4.85% (DIA).

  • The VIX closed the week down -12.83% at 16.30.

  • We mentioned a sellable bounce could materialize. We are in that bounce. Markets are no longer oversold.

 

Factors

  • High Beta and momentum were the top performing factors last week, up 5.13% and 5.11% respectively. Dividend growth was also up 4.98%, showing strong relative strength.

 

Sectors

  • Materials gained over 9% last week. Semiconductors had a good week as well, finishing up 5.98%.

 

Intermarket

  • Lumber gained 0.68% against Gold last week.

  • Copper declined -3.06% against Gold last week.

  • High Yield bonds (JNK) gained 1.72% against Treasuries (TLT)

  • Stocks gained against bonds and gold last week (VT:IEF = 3.23%) (VT:GLD = 1.07%).

 

Fixed Income, Commodities, Currencies

  • The 10 year yield was down 5 basis points to 2.09%

  • Precious metals were up 2.73% for the week.

  • Industrial metals were down -1.32%.

  • Emerging market bonds rallied 1.88% (EMB).

  • The Euro gained 1.50% against the dollar and 1.21% against the Yen.

Download The Full Market Outlook

WealthShield is a division of Emerald Investment Partners, an SEC Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where WealthShield and it’s representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WealthShield unless a client service agreement is in place. Before investing, consider your investment objectives and WealthShield’s charges and expenses.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD struggling to hold onto 1.10 as USD gains ground

EUR/USD is trading close to 1.10, as the US dollar gradually advances. Two White House advisers expressed contradicting accounts of US-Sino trade talks, causing confusion. Germany refrained from adding fiscal stimulus.

EUR/USD News

GBP/USD trades around 1.25 as EU pours cold water on Brexit hopes

GBP/USD is trading around 1.25, off the two-month highs of 1.2582 as EU officials cast doubts about the seriousness of the new UK proposals on Brexit. 

GBP/USD News

USD/JPY drops to one-week lows on trade war headlines

The USD/JPY fell during the American session following reports that the Montana Farm Bureau said China's delegation has canceled a planned trip to view US agriculture.

USD/JPY News

Top 3 price prediction Bitcoin, Ripple, Ethereum: Ethereum points to the Moon as Bitcoin takes a break

ETH/USD exceeds $220 and is bidding to lead the market. Bitcoin sets a bear trap and recaptures $10,000. XRP stalls between technical levels and fails to consolidate $0.30.

Read more

Gold climbs further beyond $1500 mark, lacks follow-through

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so.

Gold News

Forex Majors

Cryptocurrencies

Signatures