Market Recap 18/10/2021

  • Market Recap 18/10/2021

    Market Recap

    October 18th, 2021


    Strong economic signals and positive earning surprises propelled a risk-on sentiment.  The S&P MidCap 400 (2.2%) broke an all-time (intraday) high, joining the rally of its large-cap (1.6-2.2%) counterparts.  The VIX (16.6%) dropped back to August levels of 16


    Materials (3.6%), real estate (3.5%) and consumer discretionary (3.5%) led the markets.  Communication services (0.4%) was the only sector to finish in red, weighed down by traditional media


    The US yield curve flattened as investors considered the spike in inflation as transitory.  The MOVE index (2.9%) notched higher


    Commodities & FX

    Oil (4.6%) rallied for the 8th week on the back of natural gas (2.8%) shortages in Europe.    Gold (0.6%) and silver (2.9%) rose, while the USD (0.2%) edged lower vs. major currencies basket

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    US CPI Inflation

    Source: Oxford Economics

    Israeli High-Tech Capital Raising (VC & Startups, Q1/2015 – Q3/2021)

    Source: IVC, Meitar

    Market Performance


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