Dow, S&P 500 fall, tech steadies to end rocky week
The Dow Industrials and S&P 500 fell on Friday while technology shares steadied to end a turbulent week for the market-driving AI trade, while investors looked ahead to a busy slate of corporate earnings and a Federal Reserve interest-rate policy meeting.
The Nasdaq Composite was little changed a day after the tech-heavy index suffered its biggest one-day drop since June,
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Read MoreThe Burst
Alert: Billionaire Bets BIG On Under-the-Radar Stock
Investment Alert: Buy Global Payments [GPN] Under $100/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Larry Robbins isn’t a name that most investors know well,
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Read MoreThe Ivy
Did This Weird Ratio Signal The Top?
Correlations are not causation but they can be helpful in spotting weird patterns that reveal where the market may be heading next. One such correlation pattern that has surfaced recently is that of the ratio between the DIA and QQQ.
One trader spotted that when the ratio, DIA/QQQ, hits a low, it has often preceded a correction in the QQQs.
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