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Saturday, April 17, 2021
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US Stocks Finished Mixed Monday in a “Pause to Refresh” Session

#stocks

$DIA $SPY $QQQ $RUTX $VXX

The NAS Comp closed at record high in mixed session:

DJIA -148.47 to 30069.73, NAS Comp +55.71 at 12519.86, S&P 500 -7.16 to 3691.97

Volume: Trade on the NYSE came in at 927-M/shares exchanged.

The S&P 500 declined 0.2% Monday to ease back from record territory, while the NAS Comp (+0.5%) closed at a new record high on relative strength in growth stocks. The DJIA (-0.5%) and Russell 2000 (-0.1%) finished in negative territory after marking intraday record highs in the morning. 

  • NAS Comp +39.5% YTD
  • S&P 500 +14.3% YTD
  • Russell 2000 +13.4% YTD
  • DJIA +5.4% YTD

Generally, the large-cap value/cyclical stocks struggled Monday after outperforming growth stocks and the S&P 500 since the end of October.

The energy sector saw a 2.4% decline, although it remained up 30% this Quarter and no other sector declined more than 1.0% Monday.

The IT sector (+0.3%) provided support, while communication services (+0.6%) and utilities (+0.6%) sectors outperformed.  

Reviewing Monday’s US economic data, as follows:

  • Consumer credit increased by $7.2-B in October (consensus $9.0-B) after increasing by a downwardly revised $15.1-B from $16.2-B in September.
    • The Key takeaway from the report is that revolving credit decreased for the 7th time over the last 8 months dating to February, which preceded the initial virus epidemic lockdown frame taking in the US.

Looking Ahead: Investors will receive revised figures for Q3 Productivity and Unit Labor Costs and the NFIB Small Business Optimism Index for November Tuesday.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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