Closing changes:
- S&P 500 +0.6%
- DJIA +0.7%
- Nasdaq Comp +.09%
- Russell 2000 +0.4%
- Toronto TSX Comp +0.5%
On the week:
- S&P 500 +0.8
- DJIA -0.4%
- Nasdaq Comp +2.3%
- Russell 2000 -0.4%
- Toronto TSX Comp -0.1%
The chart of the Russell 2000 is concerning. It looks topped out and the economy is weakening. There was a doji this week on an otherwise-decent week for risk trades. Maybe it can stabilize if yields come back down but four weeks in a row of declines isn’t promising.
This article was written by Adam Button at www.forexlive.com.