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Weekly Market Pulse: Stop Reading the News

From alhambrapartners.com

Stock markets the world over celebrated the end of the Iran War last week with many closing the week at all time highs: Large cap (S&P 500, Russell 1000), small cap (Russell 2000, S&P 600), NASDAQ, emerging markets, Asia ex-Japan, Latin America 40, Canada, Australia, Israel, Poland, Italy, Netherlands, Austria, Spain, Singapore, Taiwan and Brazil all closed at all time highs (based on their ETFs). The S&P 500 closed higher every day last week and is up 12 of the last 13 days. Crude oil, meanwhile, fell over 11% last week, closing at $85.57, down from $117 just 8 trading days ago. It is still up 27% from the pre-war ... (full story)

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  • Category: Fundamental Analysis