Jul 15, 2023 | Weekly Cache
Last week, Dow Jones rose 2.3%, and hit a 2023 high, just below its 52 week high, S&P 500 rose 2.4%, and Nasdaq composite was up, both setting fresh 52 week highs. It was the Nasdaq’s best weekly gain since the end of March. At the same time, according to...
Jul 8, 2023 | Weekly Cache
Last week, Dow Jones fell 2%, S&P 500 lost 1.2%, and Nasdaq composite gave up 0.9%, but held its 10-day moving average. Bitcoin has staged a comeback, rallying 25% since BlackRock filed for its crypto fund. Banks holding debt from Elon Musk’s Twitter buyout might...
Jul 1, 2023 | Weekly Cache
As H1 2023 came to an end this Friday, S&P 500 index hit a 14-month high, Dow Jones and Nasdaq are back near 2023 highs. Apple is at a US$3 trillion market cap, for the first time. CNBC highlighted that tech stocks closed out best first half in 40 years. Even more...
Jun 24, 2023 | Weekly Cache
The markets last week took a breather from multi week rallies, as we pointed out the NASDAQ looked a bit stretched last week. Dow Jones fell 1.7%, and S&P 500 and Nasdaq fell 1.4%. Tiger Global raised US$2.7 billion for its latest private tech fund, 55% less than...
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...
