Barron’s: “Dow Closed Up 400 Points. The Fear Gauge Is Cooling.”By datatrekresearch in IN THE NEWS
Excerpt from Barron's quoting DataTrek co-founder Nick Colas:
... "Nicholas Colas, co-founder of DataTrek Research, told Barron's that with stocks bouncing back from last week’s sell-off, he thinks it’s worth noting that the S&P 500 was outpacing the Nasdaq Composite.
“The Nasdaq’s had a very strong run, obviously, and the S&P has lagged, relatively speaking,” Colas says. “And we're entering two usually choppy months: August and September. One would expect some catch-up trades to work and the leadership to take a rest, and that's what we're seeing.”
Colas adds that earnings season has been fine, though companies are turning to cost containment and margin management, which is less exciting than stronger-than-expected revenue. Though that led to some volatility when paired with Fitch’s downgrade of U.S. debt last week, Colas notes that the market’s fear gauge is now dropping"....
Full article here on Barron's.