A Look to the Week Ahead: Now or Never
Everything, all at once.
Before we start, this one's on us.
Our automated posting system, which enables our "week ahead" posts to be sent to readers every Sunday afternoon suffered a server outage, delaying our publication process.
For that we sincerely apologize, and let's get into this week's analysis.
The Nasdaq closes out last week flat, but not before printing a new 52-week high. There are signs of a slowdown within this tech-heavy rally, but apart from a small midweek pullback, sell pressure remained minimal, leading to further drift.
However...
Small caps faired better last week, with the Russell 2000 printing its second solid green week in a row, and looking to be heading towards a breakout.
This is important because, as we have alluded to before, the overall breadth of markets has been extraordinarily weak, especially when considering the Nasdaq's staggering 35% YTD return.
We forecasted this trend in our last analysis piece, that is, a slowdown/chop in the Nasdaq, with heightened inflows into small caps and Dow Jones names, mostly industrials.
We are looking for this trend to largely continue this week, but given the sheer amount of economic data set to be released this week, there is a lot of room for big moves, both up and down.
With that being said, let's take a look at what investors can expect this week...
