Market Notebook

by | Aug 20, 2023

Discussion – 

Equity prices, as measured by ticker SPY, and bond prices, as measured by ticker BND, closed lower on the week.

The continued slide in SPY price calls into question the status of the previous upward trend. SPY price appears to be established in a pull-back pattern. The longer-term upward trend is not necessarily invalidated but caution is likely prudent.

BND price remains in wide-ranging consolidation.

Market participant sentiment might be considered negative as downward pressure on equities continues.

Economic indicators within the Market Notebook remain mixed.

Jobless claims are to be watched as a key indicator of a potential recession. Thus far, jobless claims are not indicative of a recession.

All the best during the week ahead!

Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.