Another holiday shortened week; the S&P 500 finished lower by less than -1%. The Index attempted a rally on Friday to erase the bulk of the weekly decline but was less than 1 point away from closing back above the 50-day moving average. Friday’s rally was on the back of NVDA, which contributed one-fourth of the 1.26% rise in SPX (43% was just the result of NVDA, TSLA, and MSFT). Maestro saw a small improvement by the end of the week and Risk Appetite also rose 1 point. VIX remains elevated but still well off its highs of the prior year. This week we’ll get December jobs numbers and begin getting Q4 earnings reports (notable companies this week will be Delta, Constellation Brands, Albertsons, and Walgreens). This week’s spotlight chart looks at a breadth thrust that developed in one sector at the end of last week.
Summary of Models
Index & Sector Performance Summary
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