Cocktail Investing

  Download Episode   Last week the S&P 500 enjoyed the biggest one-week advance since 2013, gaining 4.3%. The index began 2018 with its best start to the year since 1987 followed by a 10% decline in just 9 trading days, and then proceeded to bounce off its 200-day moving average, reversing roughly half its losses in the process. Quite a quick, volatile ride unlike anything we’ve seen in more than a year. We’ve gone from overbought to oversold and back to overbought again, but with volumes 22% lower on the move back up than during the slide down. It would seem not everyone is convinced the rebound will stick. Adding to the renewed sense of volatility, following its disappointing December quarter results, Walmart (WMT) shares fell 10% on Tuesday, as Tematica’s investing mixologists Chris Versace and Lenore Hawkins discussed what is likely to drive the markets in the coming weeks and months and what data they will be looking for to confirm or refute their outlook. Tematica’s dynamic duo point out that much o