1.Small Cap Stock Beat Down….Russell 2000 Small Cap Goes Negative for the Year and Breaks thru 200 day to Downside.
IWM Russell Small Cap-Closes Below 200day on Good Volume.
Topley’s Top Ten – August 18, 2017
1.It May Be A Slow IPO Market But Venture Capital Backed Tech Breaks Out to New Highs.
Funding Conditions for Tech Startups Soar to a New Record
An index tracking business conditions for U.S. private companies surged 44 percent from a year earlier.
By
Isabel Gottlieb
August 11, 2017, 8:00 AM EDT
There’s rarely been a better time for American technology startups.
The Bloomberg U.S. Startups Barometer, which tracks the business conditions for U.S.-based private technology companies, reached a record high. A 44 percent increase from a year earlier was driven by a surge in the number of businesses that raised money for the first time, reflecting investors’ appetite to back the riskiest companies. The index, which goes back to 2007, doesn’t account for the frenetic days of the dot-com bubble.
“If you’re leaving Google or Facebook to go do your startup, this is probably the best time ever to do so,” said Wesley Chan, managing director at the venture capital firm Felicis Ventures. “There’s a lot of frothiness in early stage and seed investing.”
Weekly Review – August 18, 2017
1. With so Much S&P New High Talk….Good to Reflect on Diversification.
Thanks to our friends at BlackRock for this chart.
Topley’s Top 10 – August 17, 2017
1.U.S. Households Net Worth to an All-Time High.
https://www.guggenheimpartners.com/cmspages/getfile.aspx?guid=8db18c30-ea6a-4b35-9e5f-cc00f7bba3df
Topley’s Top 10 – August 15, 2017
1.Up to now the number of days with market declines of 1% or more was at record lows.
Will the trend change going forward?
Source: @JohnKicklighter