Page 3 - Optuma Technical Analysis News Today

The last few weeks have been all negative for the markets.

The S&P 500 declined -3.37% on Friday.  After a +17% rally from the index’s low point in June, through mid-August, volatility reared its ugly head and brought the total number of outlier days (a trading day beyond +/-1.5%) in 2022 to 52, out of 164 trading days. 

Last week, Canterbury’s update focused on “what we know about the markets right now.”

After putting in a low in June, markets rallied in the month of the July.

When it comes to markets, history rarely repeats itself, but it can rhyme. 

After a federal holiday last Monday, the S&P 500 rallied for the week, and included two outlier days of +2.45% and +3.06%.  As a reminder, an outlier day is any single trading day beyond +/-1.50%.  As we wrote last week, “Through the first 6 months of 2022, you would expect see about 6 outlier daysRead More

If 2022 has proven anything, it’s that broad diversification doesn’t always work.  The traditional definition of a “conservative” portfolio has been anything but conservative.

Volatility continues to increase.  Last week was another eventful week in the markets. 

One week into the new year, and a new year has brought new market leadership.