A Snoozer of a Week, The Market Cha-Cha, and Low Volume (Again)
The Money Wise guys are back in the studio, kicking off the show with last week’s numbers from Wall Street. The Dow was down, the S&P 500 was down, and the NASDAQ was down, though all three indices were down by less than half a percent. Year-To-Date the Dow is up, the S&P 500 is up, up the NASDAQ remains up by a pretty massive 15.3%. Overall, it was a snoozer of a week, and the Money Wise guys analyze the lighter volume trends we’ve seen going back to the beginning of April. In fact, they haven’t seen volume consistently this low for more than a year. So, where is everybody? Are investors sitting on the sidelines trying to handicap the un-handicapable? The guys discuss whether the market is waiting for Big Cap Tech numbers next week to increase volume, or further commentary from the Fed on interest rates. Regardless, we seem to be in a holding pattern at the moment, still caught in a technical trading range – a market cha-cha, you might say!
Let’s Talk About Volume
What does “volume” mean when we’re talking about the markets anyway? The Money Wose guys use the term frequently, and it’s a simple concept. Volume is the number of shares traded in a particular stock, index, or type of investment over a period of time. In this case, the Money Wise guys are referring to low volume across the three major indices. Low trading volume can indicate a lack of interest in either buying or selling, and you can learn more in this Investopedia article.
In the second hour, the Money Wise guys take you through 10 Myths of Retirement Planning. Are they throwing YOU off course? You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.