Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

3rd Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

The major stock market indexes finished mixed last week. The Dow Jones Industrial Average lost 0.7%, the S&P 500 Index fell 0.8%, the NASDAQ Composite rose 0.2%, and the Russell 2000 small-capitalization index rose 2.4%. The 10-year Treasury bond yield fell 7 basis points, and bond prices were up slightly. Last week, spot gold closed at $1,870.99, down $18.21 per ounce, or 0.96%.

Last week, the gold spot price was down 0.96% and the U.S. Dollar Index was down 0.39%.

Gold moved sideways last week, closing at $1,872.40 per ounce.

Last week, the gold spot price was down 3.18% and the U.S. Dollar Index was up 0.57%.

Gold climbed back from the steep decline it experienced on Monday (11/9) after U.S. drugmaker Pfizer said its COVID-19 vaccine was more than 90% effective based on initial trial results.

Last week, the gold spot price was up 3.86% and the U.S. Dollar Index was down 1.92%.

Gold broke back above both the $1,900-per-ounce support level and the 50-day moving average, closing the week at $1,951.70 per ounce.

The major stock market indexes finished to the downside last week. The Dow Jones Industrial Average lost 6.5%, the S&P 500 Index fell 5.6%, the NASDAQ Composite slipped 5.5%, and the Russell 2000 small-capitalization index lost ground at a 6.2% rate. The 10-year Treasury bond yield rose 3 basis points, causing Treasury bonds generally to fall. Last week, spot gold closed lower at $1,878.81, down $23.24 per ounce, or 1.2%.

Last week, the gold spot price was down 1.22% and the U.S. Dollar Index was up 1.37%.

Election uncertainty

Gold prices broke below the $1,900-per-ounce level, testing the previous lows that were reached in late September.

Last week, the gold spot price was up 0.15% and the U.S. Dollar Index was down 0.98%.

Last week, gold prices continued to find support around $1,900 per ounce.

After a rally on Monday, the major indexes pulled back and finished last week relatively flat.

Last week, the gold spot price was down 1.61% and the U.S. Dollar Index was up 0.67%.

Uncertainty ahead

Gold prices continued to stay around the $1,900-per-ounce support level, closing the week at $1,906.40 per ounce.

Last week, the gold spot price was up 1.61% and the U.S. Dollar Index was down 0.84%

The price of gold climbed back above the $1,900-per-ounce support level, closing the week at $1,926.20 per ounce.

The major indexes gained last week. The NASDAQ Composite finished the week up 1.48%, the S&P 500 gained 1.52%, the Dow Jones Industrial Average was up 1.87%, and the Russell 2000 small-capitalization index gained 4.37%. The 10-year Treasury bond yield rose 5 basis points to 0.70%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,899.84, up 2.06%.

Last week, the gold spot price was up 2.06% and the U.S. Dollar Index was down 0.84%.

2020 strikes again

Last week, gold bounced back after testing previous lows.

Gold broke out of its price consolidation pattern last week. However, instead of continuing the previous uptrend, it closed down for the week at $1,866.30 per ounce, testing the previous low of the formation set back in August.

Last week, the gold spot price was down 4.58% and the U.S. Dollar Index was up 1.85%.

Market Update 9/21/20

The major stock market indexes were mixed last week, with some further consolidating gains seen this year. The NASDAQ 100 Index (the laggard for the week) was down 1.4%, the S&P 500 Index fell 0.6%, the Dow Jones Industrial Average lost 0.03%, and the Russell 2000 gained 2.6%. The 10-year Treasury bond yield rose about 3 basis points, as Treasury bonds fell slightly for the week. Last week, spot gold rose slightly, gaining 0.4%.

Market Update 9/14/20

The major indexes posted losses last week. The NASDAQ finished the week down 4.60%, the S&P 500 lost 2.51%, the Dow Jones Industrial Average was down 1.66%, and the Russell 2000 small-capitalization index lost 2.48%. The 10-year Treasury bond yield fell 5 basis point to 0.67%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,940.55, up 0.34%.

Dollar woes

Gold closed last week at $1,947.90 per ounce.

Market Update 9/8/20

The major stock market indexes posted strong losses this week, consolidating some of the gains seen this year. The NASDAQ 100 (the laggard for the week) was down 3.1%, the S&P 500 Index fell 2.3%, the Dow Jones Industrial Average fell 1.8%, and the Russell 2000 fell 2.7%. The 10-year Treasury bond yield rose about ½ of a basis point, as Treasury bonds rose for the week. Last week, spot gold also fell somewhat as investors locked in returns, losing 1.6%. Year-to-date, the NASDAQ 100 is still up over 33% and gold is up over 27%, highlighting how well these asset classes have done.

Gold continued to consolidate around $1,950.00 per ounce last week, closing at $1,934.30 per ounce on Friday. This extended consolidation pattern provides a buying opportunity in the current gold bull market.

Gold continued to consolidate around $1,950.00 per ounce last week, closing at $1,974.90 per ounce on Friday.

The major indexes posted mixed performance last week. The NASDAQ finished the week up 2.65%, the S&P 500 gained 0.72%, the Dow Jones Industrial Average was flat, and the Russell 2000 small-capitalization index lost 1.61%. The 10-year Treasury bond yield fell 8 basis point to 0.63%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,940, down 0.24%. Most notably, the S&P 500 traded above pre-pandemic highs set in February. This was the fastest bear market and second-fastest bear market recovery in U.S. history.

Last week, gold bounced back after a down week, reaching $2,000 per ounce before closing at $1,947 per ounce.

The major stock market indexes finished up last week. The Dow Jones Industrial Average gained 2%, the S&P 500 Index rose 0.7%, the NASDAQ Composite gained 0.08%, and the Russell 2000 small-capitalization index gained 0.55 %. The 10-year Treasury bond yield rose 17 basis points, as Treasury bonds lost nearly 0.9% for the week. Last week, spot gold closed at $1,945.12, down $90.43 per ounce, or 4.4%.

After setting new highs by breaking $2,000 per ounce the previous week, gold prices retraced, closing at $1,949.80 per ounce last week.

The price of gold climbed well past $2,000 per ounce last week, closing at $2,028 per ounce. Gold’s year-to-date gain as of August 7 was over 28%.

Gold set new all-time highs last week, finishing at $1,985.90 per ounce. The precious metal is now in position to reach $2,000 per ounce.

The major stock market indexes fell last week. The Dow Jones Industrial Average lost about 0.75%, the S&P 500 Index fell 0.28%, the NASDAQ 100 dropped 1.52%, and the Russell 2000 small-capitalization index fell 0.39%. The 10-year Treasury bond yield fell about 4 basis points, as Treasury bonds gained ground for the week. Last week, spot gold gained more than 5%, behaving like a safe-haven asset as stocks took a break from their recent climb.

Gold rose over 4.5% last week, approaching all-time highs in both spot prices and continuous futures contracts.

The major indexes posted mixed performance last week. The S&P 500 gained 1.25%, the Dow Jones Industrial Average rose 2.29%, the NASDAQ lost 1.08%, and the Russell 2000 small-capitalization index gained 3.57%. The 10-year Treasury bond yield fell 1 basis point to 0.63% as Treasury bonds rose slightly for the week. Last week, spot gold closed at $1,810, up 0.65%. Optimism about the coronavirus vaccine and positive economic data were the primary drivers behind investors’ short-term decision-making last week.

Gold prices closed slightly up at $1,810.00 per ounce on Friday (July 17), as the bull market continued for the precious metal.

The major stock market indexes finished mixed last week. The Dow Jones Industrial Average gained 0.9%, the S&P 500 Index rose 1.7%, the NASDAQ Composite climbed 4.0%, and the Russell 2000 small-capitalization index lost 0.6%. The 10-year Treasury bond yield fell 3 basis points, as Treasury bonds gained ground for the week. Last week, spot gold closed at $1,798.70, up $23.32 per ounce, or 1.3%.

Gold prices hit $1,829.80 per ounce last week, a nine-year high, before closing the week at $1,801.90 per ounce.

Gold prices hit $1,800 per ounce last week, a level last seen back in 2011. This occurred as COVID-19 cases in the U.S. increased, causing many states to pull back on reopening.

Gold moved up toward the top of its current trading range last week, building support within the current bull market. It closed the week at $1,753 per ounce.

Gold moved from the lower end to the middle of its current trading range last week. It closed the week at $1,737 per ounce. If this consolidation continues, it could provide support for more moves up in this bull market.

Gold stayed inside the trading range it has been in for the last eight weeks, closing last week at the lower end of the range at $1,688.00 per ounce. This consolidation can now provide support for another run-up in the current gold bull market.

The major stock market indexes finished up this week. The Dow Jones Industrial Average gained 3.7%, the S&P 500 Index rose 3.0%, the NASDAQ Composite climbed 1.8%, and the Russell 2000 small-capitalization index rocketed 2.8%. The 10-year Treasury bond yield fell 1 basis point, as Treasury bonds were mixed. Last week, spot gold closed at $1,731.71, down $2.97 per ounce, or 0.17%.

After breaking through the resistance line established over the previous weeks, gold prices held at the same line extension, which had now become a support line. Gold resumed its uptrend, finishing last week at $1,751.70 per ounce.

After breaking through the resistance line established over the previous four weeks, gold prices retraced to the same line extension, which has now become a support line (see the following chart). Gold finished the week at $1,735.59, still in an uptrend on the daily chart.

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Gold prices had been building a base of support around $1,700 per ounce for several weeks. Last week, prices began to break out from that base of support (see the following chart). Prices moved up steadily, closing at their weekly high of $1,756.30 per ounce.

The major stock market indexes finished the week with strong gains. The Dow Jones Industrial Average grew 2.6%, the S&P 500 Index rose 3.5%, the NASDAQ Composite rallied 6.0%, and the Russell 2000 small-capitalization index gained ground with a 5.5 % advance. The 10-year Treasury bond yield rose 6 basis points, sending Treasury Bonds generally lower. Last week, spot gold closed higher at $1,702.70, up $2.28 per ounce, or 0.13%.