Market Notebook

by | Aug 6, 2023

Discussion – 

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

TECHNICAL ANALYSIS:
Even though last week’s price retraced sharply, SPY price appears established in an upward trend.

BND price remains in wide-ranging consolidation.

SENTIMENT:
Market participants soured on equities last week on concerns of a slowing real economy in the U.S.

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.

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.