Apollo

Weekly Update

Wrestling With 2025 Uncertainties

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Published January 3, 2025

 

Below we provide another couple of 2025 outlooks. First from Jim Paulsen of The Leuthold Group. That is followed by investment house Apollo’s assessment of risks and opportunities. There is a heightened level of uncertainty, which markets have been responding to in recent weeks as the first commentary notes. Nonetheless, the strength of the Mag 7 has greatly overshadowed the market’s underlying weakness in recent weeks, leaving indexes largely near record highs and posting a strong 2024. (more…)

Weekly Update

An Overbought, Concentrated Market

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Published June 14, 2024

 

Below is a good overview of the state of the stock market from MarketWatch and Apollo.

“Twenty-nine. That’s how many new records the S&P 500 SPX has registered so far in 2024, having closed at a new peak on Thursday (though lower futures on Friday suggest it may not make 30 this session).

Hopes for interest rate cuts later this year and excitement over AI have helped propel the bull run.

And yet, there are many reasons to be wary right now, say the bears. First, an obvious short-term technical one. The 14-day relative strength index of the Nasdaq 100 NDX, whose big tech constituents have been powering the rally, has moved up to 77.5, well above the overbought threshold of 70. (more…)