Market Performance

Before we jump into the new highs, which are fantastic this week (I’m very impressed by Brazilian companies below), we must start top down. What are US indexes doing?

Friday was flat action. We saw each index with a return positive for the week. The .INX and .IXIC all had well above 1% weekly returns. DJI lagged the two other indexes. Are you BULLISH yet?

Volatility Corner:

VIX / VVIX improved! Blue up is good, blue down is bad. The blue line has a HIGH CORRELATION to overall markets. You see the up and down…things can get very choppy quickly in this market. The recent bottom we see in the blue line is 10/31/23. It appears we may be going for a new bottom very soon.

I suspect this falls, chops and then goes higher. But I’ll be data dependent watching.

MACRO INDICATOR:

• MACRO SEASON: BULLISH Since 12/2/22🟢

• MICRO WEATHER: BEARISH Since 7/27/23🛑

New Highs $5-$20:

1. UGP - Ultrapar Participações S.A. - Energy - 🇧🇷

2. SBS - Companhia de Saneamento Básico do Estado de São Paulo - Utilities - Regulated Water - 🇧🇷

3. EBR - Centrais Elétricas Brasileiras S.A. - Eletrobrás - Utilities - Regulated Electric - 🇧🇷

4. KURA - Kura Oncology, Inc. - Healthcare - Biotechnology - 🇺🇸

5. AKR - Acadia Realty Trust - Real Estate - 🇺🇸

6. KD - Kyndryl Holdings, Inc. - Technology - Information Technology Services - 🇺🇸

7. ETRN - Equitrans Midstream Corporation - Energy - Oil & Gas Midstream - 🇺🇸

8. TME - Tencent Music Entertainment Group - Communication Services - Internet Content & Information - 🇨🇳

9. CRBG - Corebridge Financial, Inc. - Financials - Asset Management - 🇺🇸

UGP - Ultrapar Participações S.A. - Energy - 🇧🇷

EBR - Centrais Elétricas Brasileiras S.A. - Eletrobrás - Utilities - Regulated Electric - 🇧🇷

KURA - Kura Oncology, Inc. - Healthcare - Biotechnology - 🇺🇸

AKR - Acadia Realty Trust - Real Estate - 🇺🇸

KD - Kyndryl Holdings, Inc. - Technology - Information Technology Services - 🇺🇸

ETRN - Equitrans Midstream Corporation - Energy - Oil & Gas Midstream - 🇺🇸

TME - Tencent Music Entertainment Group - Communication Services - Internet Content & Information - 🇨🇳

CRBG - Corebridge Financial, Inc. - Financials - Asset Management - 🇺🇸

New Highs $20+:

1. STEP - StepStone Group LP - Financials - Asset Management - 🇺🇸

2. IDYA - Ideya Biosciences Inc - Healthcare - 🇺🇸

3. GOLF - Acushnet Holdings Corp - Consumer Cyclical - Leisure - 🇺🇸

4. SFM - Sprouts Farmers Market Inc - Consumer Defensive - Grocery Stores - 🇺🇸

5. PSN - Parsons Corp - Technology - Information Technology Services - 🇺🇸

6. WM - Waste Management, Inc - Industrials - Waste Management - 🇺🇸

7. WDAY - Workday Inc - Technology - Software Application - 🇺🇸

8. BSX - Boston Scientific Corp - Healthcare - Medical Devices - 🇺🇸

9. ACN - Accenture - Technology - Information Technology - 🇮🇪

10. TRV - Travelers Companies Inc - Financial - Insurance - Property & Casualty - 🇺🇸

STEP - StepStone Group LP - Financials - Asset Management - 🇺🇸

IDYA - Ideya Biosciences Inc - Healthcare - 🇺🇸

GOLF - Acushnet Holdings Corp - Consumer Cyclical - Leisure - 🇺🇸

SFM - Sprouts Farmers Market Inc - Consumer Defensive - Grocery Stores - 🇺🇸

PSN - Parsons Corp - Technology - Information Technology Services - 🇺🇸

WM - Waste Management, Inc - Industrials - Waste Management - 🇺🇸

WDAY - Workday Inc - Technology - Software Application - 🇺🇸

BSX - Boston Scientific Corp - Healthcare - Medical Devices - 🇺🇸

ACN - Accenture - Technology - Information Technology - 🇮🇪

TRV - Travelers Companies Inc - Financial - Insurance - Property & Casualty - 🇺🇸

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