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Breakfast Bites - Market sell-off takes a breather

Middle East tensions escalate; IEA oil report; TSMC earnings; Stocks to watch

Author

Ayesha Tariq
January 18, 2024

Rise and shine everyone.

Markets are taking a bit of a breather, after the “global” sell-off yesterday. What’s clear though is that investors are looking for quality amid uncertainty. We’re back to seeing the Mag 7 lead again, over the Russell 2000. The chart below is a comparison of the ETFs - MGC vs. IWM. Until December, the Mag 7 underperformed the IWM, but the tables have turned back again since January.

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