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Thursday was a very strong day for stocks as the indices gapped up at the open and never looked back. It was one the best, if not the best, days in 2023 for some of the indices, and that is usually the case when you get a snap back rally after a long weak period. The Dow gained 565-points, and we saw gains near or above 2% in many of the broader indices. Small caps led as the Russell 2000 gained 2.7% while the S-fund jumped an impressive 2.4%.

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Stocks rallied early yesterday, before the FOMC meeting and the typical theatrics started that come afterward, but by the time the dust settled the Fed gave the bulls what they wanted to hear, even if it wasn't much. There were just no negative surprises, and with the market falling for three months, the recent snap back rally off the recent lows continued. The Dow gained 222-points and we saw gains of 1% or more in many indices. The back and forth small caps, mostly back, lagged again with a ...

Stocks rallied early yesterday, before the FOMC meeting and the typical theatrics started that come afterward, but by the time the dust settled the Fed gave the bulls what they wanted to hear, even if it wasn't much. There were just no negative surprises, and with the market falling for three months, the recent snap back rally off the recent lows continued. The Dow gained 222-points and we saw gains of 1% or more in many indices. The back and forth small caps, mostly back, lagged again with a ...

Stocks were slow to get out of the gate on Tuesday morning, but it didn't take long for the bulls to step up and start tacking onto Monday's rally. The Dow gained 124-points on the day and this time small caps came along for the ride and actually led on the upside. This 2-day rally in front of today's decision on interest rates by the Fed sounds optimistic, but it could all change in the blink of an eye once that policy statement is released at 2PM ET.

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Greetings

We finished October down -2.20%. From the 64 Months of October, this ranked as 13th worst. This is also the first time we've closed down 3 consecutive months since the pandemic low of Mar-2020. Additionally this is October’s 5th worst 3-Month performance at -8.61%.

From the chart below, our MTD high was 2.07% while our MTD low was -3.98%


While we have closed the last 3 months down, we are still up 9.23% YTD. ...