Market Performance - The S&P 500 had a rough start to the week but finished up 0.1% from the previous Friday [1] - The S&P 500 is currently up 16.46% year to date, while the S&P Equal Weight Index is up 10.04% year to date [4] Historical Context - On October 9, 2007, the S&P 500 reached an all-time high of 1565.15, followed by a drop of approximately 57% to 676.53 on March 9, 2009, marking the Global Financial Crisis [1] - It took over 5 years for the index to reach a new all-time high on March 28, 2013, closing at 1569.19 [1] Volatility Insights - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018, which had a volatility of 19.10% [3] - The average percent change from the intraday low to the intraday high over the past 20 days is 0.96% [3] Moving Averages - The S&P 500 has been above the 50-day moving average since December 18, 2022, and above the 200-day moving average since May 12, 2023 [2] - The 50-day moving average has been above the 200-day moving average since July 1, 2023 [2]

Core Insights - The S&P 500 index has shown strong performance, closing the week on a four-day winning streak and nearing a new record high [1] - Historical data indicates the number of record highs reached each year since 2013, with 2023 currently at zero record highs [3][4] Performance Overview - The S&P 500 index reached a peak of 1565.15 on October 9, 2007, before experiencing a significant drop of approximately 57% during the Global Financial Crisis, closing at 676.53 on March 9, 2009 [6] - It took over five years for the index to recover and reach a new all-time high of 1569.19 on March 28, 2013 [6] Volatility Analysis - The S&P 500 has been above its 50-day moving average since November 24, 2022, and above the 200-day moving average since May 12, 2023, with the 50-day moving average surpassing the 200-day moving average since July 1, 2023 [10] - The index experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [13] Index Comparison - The S&P 500 is a market cap-weighted index comprising roughly the 500 largest U.S. stocks across 11 sectors, while the S&P 500 Equal Weight Index includes the same constituents but with equal weighting [14]

Core Insights - Bitcoin is experiencing a typical correction, with a 35% drawdown fitting within its historical norms, according to Anthony Pompliano [4] - The current market volatility is primarily affecting traditional finance investors who are not used to such fluctuations, especially during year-end portfolio adjustments [2] - Pompliano believes Bitcoin can deliver annual returns of 20%-35% over the next decade, despite not repeating its previous decade-long rally of 240x [4] Market Behavior - Over the past decade, Bitcoin has experienced 21 drawdowns of more than 30%, including seven drops exceeding 50%, which long-term holders view as routine [2] - The current volatility has been reduced by half compared to previous cycles, indicating a potential stabilization in the market [6] - Extreme fear readings in the market suggest capitulation, with Bitcoin at 8 and equities at 6 [6] Institutional Interest - Pompliano notes that while Bitcoin remains the dominant store-of-value asset, institutional interest is expected to broaden to other cryptocurrencies over time [5] - The leverage reset has already occurred, reducing the risk of cascading liquidations, which may encourage further accumulation of Bitcoin [3]

In the last decade, Bitcoin has fallen 30%+ more than 20 times.Bitcoin has dropped 50% or more on 7 different occasions.Basically a Global Financial Crisis every year and a half for a decade.Wall Street is not used to that.I explained on @SquawkCNBC this morning. https://t.co/euvGQWTrTa ...

Core Insights - The S&P 500 posted a minor weekly gain of 0.1%, marking the fourth weekly gain in the past five weeks [1] - The index has shown significant volatility, with the largest intraday price volatility recorded at 10.77% on April 9, 2023 [3] - Year-to-date performance shows the S&P 500 up 14.75%, while the S&P Equal Weight Index is up 7.12% [4] Weekly Performance - The S&P 500 experienced a volatile trading session on Friday, ultimately resulting in a slight weekly gain [1] - A historical perspective shows the index reached an all-time high of 1565.15 on October 9, 2007, followed by a significant drop of approximately 57% during the Global Financial Crisis [1] Volatility Analysis - The S&P 500 has been above its 50-day moving average since May 1, 2023, and above the 200-day moving average since May 12, 2023 [2] - The average percent change from intraday low to high over the past 20 days is 0.96% [3] Index Comparison - The S&P 500 is a market cap-weighted index, while the S&P Equal Weight Index gives equal weight to each constituent [4] - The performance disparity between the two indices highlights the strength of larger-cap stocks in the S&P 500 [4]

Core Insights - The S&P 500 index experienced a loss of 1.6%, ending a three-week winning streak [1] - Year-to-date performance shows the S&P 500 up 14.66%, while the S&P Equal Weight Index is up 7.33% [4] Group 1: S&P 500 Performance - The S&P 500 reached an all-time high of 1565.15 on October 9, 2007, before dropping approximately 57% to 676.53 by March 9, 2009, marking the Global Financial Crisis [1] - The index took over five years to recover, reaching a new high of 1569.19 on March 28, 2013 [1] - Recent selloffs in 2022 are noted, with a focus on the index's performance excluding the Global Financial Crisis [2] Group 2: Volatility and Trends - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [3] - The average percent change from intraday low to high over the past 20 days is 1.04% [3] - The index has remained above the 50-day moving average since May 1 and above the 200-day moving average since May 12, with the 50-day average above the 200-day average since July 1 [2] Group 3: Index Comparisons - The S&P 500 is a market cap-weighted index of the 500 largest U.S. stocks across 11 sectors, while the S&P Equal Weight Index gives equal weight to each constituent [4] - The performance disparity between the two indices highlights the strength of larger market cap stocks in the S&P 500 compared to the equal weight approach [4]

Core Insights - The S&P 500 finished October with a gain of 2.3% from September, marking its fourth weekly gain in the last five weeks [1] - Year-to-date, the S&P 500 is up 16.56%, while the S&P Equal Weight Index has increased by 7.53% [4] Performance Overview - The S&P 500 index recorded a weekly gain of 0.7% [1] - Historical context shows the index reached an all-time high of 1565.15 on October 9, 2007, before experiencing a significant drop of approximately 57% by March 9, 2009, during the Global Financial Crisis [1] - The index took over five years to recover and reach a new all-time high of 1569.19 on March 28, 2013 [1] Volatility Analysis - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [3] - The average percent change from intraday low to high over the past 20 days is 1.07% [3] Index Comparison - The S&P 500 is a market cap-weighted index, while the S&P Equal Weight Index gives equal weight to each constituent [4] - The performance disparity between the two indices highlights the stronger performance of the S&P 500 in 2023 [4]

Core Insights - The S&P 500 index reached a historic high of 6,800, closing at a record high and posting a weekly gain of 1.9%, marking its third gain in the last four weeks [1] - The S&P 500 has shown significant resilience since the Global Financial Crisis, with a notable recovery period that took over five years to reach a new all-time high [1][2] - Year-to-date performance shows the S&P 500 up 15.73%, while the S&P Equal Weight Index is up 9.45%, indicating a disparity in performance between market cap-weighted and equal-weighted indices [4] Group 1: Historical Performance - The S&P 500 reached an all-time high of 1,565.15 on October 9, 2007, before experiencing a decline of approximately 57% to 676.53 by March 9, 2009, during the Global Financial Crisis [1] - The index took over five years to recover, reaching a new high of 1,569.19 on March 28, 2013 [1] - Recent selloffs in 2022 are highlighted when analyzing performance excluding the Global Financial Crisis [2] Group 2: Volatility Analysis - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 24, 2018 [3] - The average percent change from intraday low to high over the past 20 days is 1.04%, indicating a trend in volatility [3] Group 3: Index Comparison - The S&P 500 is a market cap-weighted index comprising the 500 largest U.S. stocks across 11 sectors, while the S&P Equal Weight Index gives equal weight to each constituent [4] - The performance disparity between the two indices suggests differing market dynamics and investor sentiment [4]

Core Insights - The S&P 500 started the week with a significant gain, marking its largest daily increase in over four months, and finished the week up 1.7% from the previous Friday [1] - Historical context shows that the S&P 500 experienced a major drop of approximately 57% during the Global Financial Crisis, taking over five years to reach a new all-time high [1][2] - The S&P 500 has shown resilience, remaining above both the 50-day and 200-day moving averages since early May 2023, indicating a positive trend [2] Performance Analysis - Year-to-date, the S&P 500 has increased by 13.55%, while the S&P Equal Weight Index has risen by 7.61%, highlighting the performance disparity between market cap-weighted and equally weighted indices [4] - The S&P 500 has recorded a notable number of days with 1% or greater changes, reflecting its volatility and market dynamics [2][3] Volatility Insights - The S&P 500 experienced its largest intraday price volatility of 10.77% on April 9, 2023, since December 2018, indicating significant market fluctuations [3] - The average percent change from intraday low to high over the past 20 days has been 1.02%, showcasing ongoing volatility in the index [3]

Market Timing and Historical Context - The difficulty of timing the market is highlighted, emphasizing the need to exit and re-enter at the right times, which is challenging [1] - Historical stock market crashes illustrate the unpredictability of stocks in the near term, making market timing a risky endeavor [2] - The S&P 500 index's performance during the dot-com bubble and subsequent crash serves as a reminder of the potential for significant losses [3][4] Labor Market Insights - Private sector job losses were reported, with a decline of 32,000 jobs in September, primarily in small and mid-sized businesses [9] - Hiring intentions have weakened, with the lowest job addition plans for September since 2011, indicating a cooling labor market [10] - Job openings increased slightly to 7.23 million in August, suggesting ongoing demand for labor despite a cooling market [11] Consumer Confidence and Spending - Consumer confidence has decreased, with a notable drop in perceptions of job availability, reflecting a cooling labor market [14][15] - Despite weak consumer sentiment, consumer spending data remains strong, indicating a disconnect between sentiment and actual spending behavior [24] Economic Growth and Market Outlook - The long-term outlook for the stock market remains positive, driven by expectations of earnings growth [21] - While demand for goods and services is still positive, economic growth has normalized from previous high levels [23] - The U.S. stock market may outperform the economy in the near term due to companies adjusting cost structures and achieving positive operating leverage [25]