Weekly Market Insights – Monday, November 20, 2023
November Rally Continues on Positive Inflation Data: Stocks continued their November rally last week as investors celebrated the release of lower-than-forecast inflation data. This positive news fueled investor optimism, driving further gains for stocks. Over the last month, The Dow Jones Industrial Average returned 5.86%, while the S&P 500 returned 7.32%. The Nasdaq Composite Index […]
Weekly Market Insights – Monday, November 13, 2023
Stocks Surge on Positive Economic Indicators and Investor Optimism: A strong Friday rally propelled stocks higher last week, extending early November gains. This surge reflects the growing optimism among investors and the resilience of the market as it continues to navigate through various economic factors and uncertainties. Over the last month, The Dow Jones Industrial […]
Hope Is Not A Strategy
By Gary Aiken | November 8, 2023 I have sung Hatikvah, the national anthem of Israel, many times this month—more times than I can recall having ever sung that song before. October was a disastrous month for global democracy. The sole democracy in the Middle East was savagely attacked in a pogrom that killed more […]
Weekly Market Insights – Monday, November 6, 2023
Stocks Rally Following Fed Decision and Cooling Labor Market: Stocks saw a remarkable surge last week as bond yields retreated dramatically. This sudden decline can be attributed to the alleviation of inflationary pressures and indications of a potential labor market slowdown. Over the last month, The Dow Jones Industrial Average returned 1.74%, while the S&P […]
Weekly Market Insights – Monday, October 30, 2023
Stocks Slump Amid Earnings Reports, Rate Fears, and Treasury Bonds: During a busy week of corporate earnings reports, stocks continued to decline as a result of cautious earnings guidance, renewed concerns about further interest rate hikes, and growing anxiety over the influx of Treasury bonds and notes entering the market. These factors, coupled with ongoing […]
Weekly Market Insights – Monday, October 23, 2023
Rising Bond Yields and Fed Uncertainty Overshadow Positive Earnings: Financial markets suffered last week due to rising bond yields and lingering uncertainty regarding whether we’ve reached the end of the Federal Reserve’s rate-hike cycle. This negative sentiment overshadowed otherwise positive corporate earnings data. Over the last month, The Dow Jones Industrial Average returned –1.07%, while […]
Weekly Market Insights – Monday, October 16, 2023
Stocks Show Resilience Amid Middle East Tensions and Inflation Surge: Last week, stocks experienced a mixed performance as the outbreak of hostilities in the Middle East and higher-than-expected inflation data weighed on investor sentiment. Over the last month, The Dow Jones Industrial Average returned –1.86%, while the S&P 500 returned –1.84%. The Nasdaq Composite Index […]
Weekly Market Insights – Monday, October 9, 2023
Stocks Surge Following Robust Jobs Report: Despite a turbulent week, stocks managed to rebound on Friday. Over the last month, The Dow Jones Industrial Average returned –3.11%, while the Standard & Poor’s 500 returned –3.35%. The Nasdaq Composite index returned –3.02%. Source: Charles Schwab & Co, Inc. Friday Rally: A Strong Finish Stocks surged on […]
Remember September
By Gary Aiken | October 5, 2023 I was driving home from my younger son’s soccer practice. He plugged his iPhone into the car stereo and started playing “September” by Earth, Wind & Fire. The horns blazed, and the smooth vocals of Maurice White asked the question that inspired my son to play the song, […]
Weekly Market Insights – Monday, October 2, 2023
Bond Yields and Government Shutdown Fears Weigh on Stocks: Last week proved challenging for stocks as rising bond yields and concerns about a potential government shutdown weighed heavily on market sentiment. Over the last month, The Dow Jones Industrial Average returned –4.16%, while the S&P 500 returned –5.28%. The Nasdaq Composite Index returned –5.46%. Source: […]