Market Notebook

by Cory Haupt | Oct 8, 2023

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

TECHNICAL ANALYSIS:
SPY price action suggests that equities may be in consolidation.

The October 2022 lows in BND were breached in a significant way. Bonds appear to be established in a downward trend.

SENTIMENT:
Market participant sentiment suggests pessimism.

ECONOMY AND FUNDAMENTALS:
Economic indicators within the Market Notebook remain mixed.

Jobless claims are to be watched as an important indicator of a potential recession. Thus far, jobless claims are not indicative of a near-term recession.

All the best during the week ahead!

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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.

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