Euclid Investment Advisory Blog

Review & Analysis at Close December 27, 2021

Comments

The Santa Claus finally arrived, no doubt delayed by flight cancellations and availability of sleigh rentals. Nevertheless, the rise in Tech and Large Cap Growth stocks are most welcome gifts.

Equities

The S&P 500, the NASDAQ Composite and the NASDAQ 100 indices resumed strategic Bullish trends; Europe's uptrend stalled; Emerging Markets, China are Bearish.

  • Equity Style Tech Score Ranking: Large Cap Growth continues leading Large Cap Value and Mid and Small caps.

  • Sector Tech Score Ranking: Technology, Real Estate, Health Care, Consumer Discretionary, Staples, Utilities, Materials, Energy, Financial, Industrial, Communication Services.

Bonds

The30-yr US Treasury yield in Long Term downtrend; the 10-year US Treasury yield Long Term trend sideways; 2-year US Treasury yield rising, Long Term trend is up.
The Yield Curve's flattening increased. The spread narrowed to 0.72 from 0.78 last week.

 

Currencies

Currencies vs. US Dollar: The downtrends of Australian Dollar, the Euro, the British Pound and Yen appear to be bottoming.

US Dollar vs. basket of Major currencies: US Dollar paused its uptrend as it approached 97.

Gold rose slightly but remains in long-term trading zone of 164 to 170.

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