Jun 17, 2023 | Weekly Cache
The market had another strong week, especially the Nasdaq, even after some modest losses Friday. With the Nasdaq now appearing stretched from its moving averages, some caution may be warranted, especially with the handful names driving most year-to-date gains. Last...
Jun 10, 2023 | Weekly Cache
Last week, Dow Jones rose 0.3%, S&P 500 was up 0.4%, and Nasdaq composite was up 0.1%, the small-cap Russell 2000 rose 1.65%. As the S&P was just above the 20% rise threshold, it’s technically a new “bull market”. According to market...
Jun 3, 2023 | Weekly Cache
Last week Dow Jones rose 2%, S&P 500 was up 1.8%, Nasdaq was up 2%, and the small-cap Russell rose 3.3%. Market leadership remains concentrated in the AI, semiconductors and software space. 5 trillion-dollar companies — including Nvidia, Apple, and Amazon — have...
May 27, 2023 | Weekly Cache
Last week, Dow Jones fell 1%, S&P 500 was up 0.3%, and Nasdaq composite rose 2.5%. In a single session, Nvidia’s market cap swelled by US$184 billion, only Apple, Amazon and Microsoft have ever posted higher dollar gains in a single day, each by an extra...
May 20, 2023 | Weekly Cache
Last week, Dow Jones was up 0.4%, S&P 500 was up 1.65%, Nasdaq rose 3%. More data confirmed last week’s data of falling private valuations: For the first time in more than a decade, returns for venture funds were negative for three consecutive quarters last year,...
