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The historic move in the bond market continued to weigh on stocks last week as the S&P 500 lost 2.4%, the Dow fell 1.6% and the Nasdaq declined by 3.1%.

The historic move in the bond market continued to weigh on stocks last week as the S&P 500 lost 2.4%, the Dow fell 1.6% and the Nasdaq declined by 3.1%.

The market is retesting its January 20 lows this week, and some minor positive divergences could lead to another short-term bounce attempt. But the market’s major trends remain down, and our three key market-timing indicators are all bearish. Thus, you should remain mostly on the sideline as we patiently wait for a new bull move to develop. In the Model Portfolio, we sold Amazon (AMZN) on a special hotline Monday morning, leaving us with just two stocks and a cash position near 80%.

After a dominant run in 2023, are any of the Magnificent Seven stocks still worth buying today? For most of them, the technicals say “yes.”

Conan O’Brien was recently undone by his media-hopping fans, demonstrating the way the Internet is changing the way we watch TV.

The markets had a very good week, and so far, we are also seeing momentum in the first couple of trading days this week. These upward moves have taken the Dow Jones Industrial Average to just about where we started at the beginning of 2023.