Market Notebook

PRICE ACTION:
Equity prices, as measured by ticker SPY, and bond prices, as measured by ticker BND, closed higher on the week.

TECHNICAL ANALYSIS:
SPY price appears established in an upward trend.

BND price appears to be in an area of consolidation.

SENTIMENT:
Market participant sentiment suggests equity optimism and bond indecision.

ECONOMY AND FUNDAMENTALS:
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.

INTERESTING INSTRUMENTS:
A new ETF has recently come to market, TFPN. The fund is the brainchild of Jerry Parker, of whom I am a big fan. Jerry’s investing philosophy is one of pure trend following across a wide selection of instruments with little or no concern for the sharpe ratio of the fund. This should differentiate TFPN from most Commodity Trading Advisor offerings. I feel that Jerry, executing this strategy within an ETF wrapper, is a gift to investors. It will be pretty interesting to track the performance of this fund. You can check Jerry out on Twitter, @rjparkerjr09.

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.