Market Notebook

by Cory Haupt | Jan 6, 2025

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

SPY -0.51%
BND +0.14%

TECHNICAL ANALYSIS:
SPY price appears to have established a long-term upward trend, with a period of potential consolidation beginning in early November and continuing through the end of last week.

BND price appears to be experiencing a short-term pullback within a long-term upward trend

SENTIMENT:
Equity investor sentiment has cooled in the short term, with rising volatility. Market participants appear uncertain about the near term.

Bond investor sentiment has also cooled, with prices retreating from September highs to an area of significant support from July.

ECONOMY AND FUNDAMENTALS:
The U.S. real economy appears well-positioned for continued growth in 2025.

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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