Market Strategy Radar Screen Weekly - November 16, 2015

Get Used to It

Transitions Are Complex and Unsettling

The only components of the CRB benchmark that were on the rise were Orange Juice, Sugar and Cocoa, respectively advancing 5.0%, 3.6% and 15.0%, while Cotton was relatively flat, up 2.3%.

Disappointing sales and near-term prospects at Macy’s as well as at a number of other well-known department stores that reported last week triggered a price decline in a sub-index of the Consumer Discretionary sector of the S&P 500 which includes some 20 department stores.

For the week through last Friday, the S&P 500, the S&P 400 (mid-caps) and the Russell 2000 (smallcaps) declined 3.63%, 3.91% and -4.4% respectively. For all the intra-week drama surrounding those respective declines, however, we’d note that the same three indexes as of last Friday were still up 7.5%, 3.94% and 5.13% respectively from a low on September 28..

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