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Small cap outperformed larger cap stocks for the fifth consecutive week; the
Russell 2000 added the most gains among major asset classes in January,
while bonds and commodities finished almost flat for the month. Economic
data lifted optimism on economic recovery last week, where nonfarm payrolls
surprisingly added more positions (243k vs. 121k est.) to the market in
January. The unemployment rate (8.3% vs. 8.5% est.) continued to decline
after the holiday season. The short-end of the treasury yield curve took off
led by superior data, while the long-term maturities remained almost
unchanged. Market focus is likely to point to the Euro zone: the ECB
announcement will be the key market mover next week.
Technical Highlights:
• Russell 2000 outperformed all other major benchmarks in January;
Bond traded lower after optimistic data.
• Nearly 90% of the NYSE stocks are now trading above their 50day
moving average; the NASDAQ composite reached a new high since 2000.
• The pullback may have happened based on the RSMC reading, new
uptrend formed?
• Financial, technology and industrial outperformed the S&P;
offensive stocks up a little along with the market rally.
• The upside momentum is still here based on historical returns;
most sectors show positive performance bias forward looking.
• The short-end treasury curve rallied after nonfarm payroll, the
long-term maturities remain relatively stable.
read more at...
http://www.alpbeta.com/p/plus.html
or
http://plus.alpbeta.com/report/201205.pdf
Please take a second to leave some comments @ http://www.alpbeta.com
Your opinions are important to me!
Russell 2000 added the most gains among major asset classes in January,
while bonds and commodities finished almost flat for the month. Economic
data lifted optimism on economic recovery last week, where nonfarm payrolls
surprisingly added more positions (243k vs. 121k est.) to the market in
January. The unemployment rate (8.3% vs. 8.5% est.) continued to decline
after the holiday season. The short-end of the treasury yield curve took off
led by superior data, while the long-term maturities remained almost
unchanged. Market focus is likely to point to the Euro zone: the ECB
announcement will be the key market mover next week.
Technical Highlights:
• Russell 2000 outperformed all other major benchmarks in January;
Bond traded lower after optimistic data.
• Nearly 90% of the NYSE stocks are now trading above their 50day
moving average; the NASDAQ composite reached a new high since 2000.
• The pullback may have happened based on the RSMC reading, new
uptrend formed?
• Financial, technology and industrial outperformed the S&P;
offensive stocks up a little along with the market rally.
• The upside momentum is still here based on historical returns;
most sectors show positive performance bias forward looking.
• The short-end treasury curve rallied after nonfarm payroll, the
long-term maturities remain relatively stable.
read more at...
http://www.alpbeta.com/p/plus.html
or
http://plus.alpbeta.com/report/201205.pdf
Please take a second to leave some comments @ http://www.alpbeta.com
Your opinions are important to me!
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