In observance of Good Friday, U.S. stock exchanges will be closed on Friday, April 2, 2021.
- Weekly summary and recap.
- Analysis of major indexes.
- Popular ETFs.
- Sector, Factor and Asset ETFs
- Commodity ETFs.
- Spot currency pairs.
- Chart of the week
1. Weekly summary and recap
- U.S. stocks were higher on the week.
- High beta large caps fell in volatile week.
- Bond yields were down and prices rose.
- Commodities were lower.
- Crude oil correction continued.
- The U.S. dollar ended the week higher.
Recap (March 22, 2021 – March 26, 2021)
Large caps gained on the week with S&P 500 rising 1.6% to new all-time highs. High beta large caps ended the week down 0.3% after falling as much as 6.4% on Tuesday. The recovery in high beta large caps from the lows was rare event. Since 1990, the high beta large cap index has made a similar recovery only on six other occasions and the last four were near the bottoms of 2009 (twice), 2011 and 2016.
High beta large cap rebound from lows of Tuesday at -6.4% from previous weekly close was remarkable. The index close only -0.3% down on the week. This has occurred only 6 times since 1990 and most were near major bottom. It's **unusual** for this to occur near ATH. $SPX $SPHB pic.twitter.com/6oWjcGt89S
— Michael Harris (@mikeharrisNY) March 28, 2021
Low volatility large caps rallied 3.6%. Dow 30 added 1.4%. NASDAQ-100 rose 0.9%. Bond prices were higher after a rebound from oversold territory. Precious metals were weak with the U.S. dollar index up nearly 1%. Commodities fell for a second week in a row but ended the week off their lows.
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