Quick observations - Breadth strong - Bonds TLT +0.2% - US Dollar -0.4% - VIX -2% 21.2 - Crude -0.6% Nat Gas +4.7% - Bitcoin +0.3% Ether +1.2% Bottom Line: Equities opening up strong, then fading, and trading in a tight range since. In the indices, Dow stocks DIA +0.4% lagging and QQQs. In US Sectors, there is a more of a “risk on” tone with Metals & Mining leading XME +2.7% along w/ Clean Energy areas TAN PBW, and Defensive areas are lagging XLU -0.3% XLP -0.1%
TTG Market Observations & Charts 02-27-23
TTG Market Observations & Charts 02-27-23
Quick observations - Breadth strong - Bonds TLT +0.2% - US Dollar -0.4% - VIX -2% 21.2 - Crude -0.6% Nat Gas +4.7% - Bitcoin +0.3% Ether +1.2% Bottom Line: Equities opening up strong, then fading, and trading in a tight range since. In the indices, Dow stocks DIA +0.4% lagging and QQQs. In US Sectors, there is a more of a “risk on” tone with Metals & Mining leading XME +2.7% along w/ Clean Energy areas TAN PBW, and Defensive areas are lagging XLU -0.3% XLP -0.1%