Tag: SPX

(1 February 2026)  Stocks were mostly lower last week amid market turbulence following the sudden crash of gold and silver prices.  While the blue chip S&P 500 managed to finish the week slightly higher, all the other major indexes lost ground including the small cap Russell 2000 which fell 2%. The decline broadly aligned with our model which suggested an elevated downside risk in and around the Mars-Pluto conjunction on Jan 27.  While our backtest showed only a modest average decline of -0.5% from this pairing, it nonetheless came very...