Update
Although the S&P 500 concluded the week with a modest 0.14% gain, capital flows exhibited a more significant surge. Capital inflows came in at $48.3 billion compared to only $34.3 billion in outflows. Both Capital Weighted Dollar Volume and Capital Weighted Volume closed the week at new all-time highs.
The Nasdaq 100, represented by the generals, and IWM, symbolizing the troops, delivered stronger performances. The NDX 100 experienced a 0.45% increase, while IWM (the iShares Russell 2000 ETF) surged forward by 1.02%.
Key levels for the S&P 500 include resistance at 4635 and minor support at 4527. Overall, the prevailing trend in capital flows continues to propel the markets higher as the markets broaden out, fostering a positive environment for bullish sentiments.
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