2/20/2024
By Charles Payne CEO & Principal Analyst

It was an intriguing week for the market, marking a turn of fortune - or simply solid and robust trends taking a long overdue hiatus.

• S&P 500 (SPX): -0.4%
• Nasdaq Composite (IXIC): -1.3%
• Dow Jones Industrial Average (DJIA): -0.1%
• iShares MSCI EAFE ETF (EFA): +0.6%
• CBOE 10-Year Treasury Yield Index (TNX): +0.1%
• West Texas Intermediate (WTI): +1.8%
• iShares 20+Year Treasury Bond ETF (TLT): -0.5%
• Bitcoin (BTC): +7.4%
• NYSE: Gold (GOLD): -0.6%
• iShares Russell 2000 ETF (RUT / IWM): +1.54%

Market Breadth

The NASDAQ Composite and the New York Stock Exchange (NYSE) had more advancers than decliners, even though the S&P 500 finished lower.

New highs swamped new lows, especially on the NYSE, as buying moved beyond mega-cap growth.  Then, there’s volume, which points to buyers having more conviction and urgency than sellers.  

To read full report contact your account representative or email Info@wstreet.com. 

Charles Payne
Wall Street Strategies

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