Weekly Market Insights – Monday, September 25, 2023
Summer Ends on a Gloomy Note for Stocks: Stocks suffered significant losses last week as rising bond yields and concerns about a possible government shutdown dampened investor sentiment. Technology stocks were hit especially hard, bearing the brunt of the retreat. Over the last month, The Dow Jones Industrial Average returned –1.03%, while the S&P 500 […]
Weekly Market Insights – Monday, September 18, 2023
Stocks Hold Their Breath, Awaiting Fed’s Next Move: Stocks closed last week with little change, as investors processed a combination of new economic data that presented a mixed picture. Over the last month, The Dow Jones Industrial Average returned 0.58%, while the S&P 500 returned 2.06%. The Nasdaq Composite Index returned 3.17%. Source: Charles Schwab […]
Weekly Market Insights – Monday, September 11, 2023
Fed Rate Hike Concerns and Rising Oil Prices Cast Shadow on Stocks: Investor sentiment soured last week as concerns about the possibility of the Fed raising interest rates caused stocks to decline during a shortened holiday trading week. Over the last month, The Dow Jones Industrial Average returned –1.53%, while the S&P 500 returned 0.38%. […]
Relative Value: An Investment Approach for Navigating Stormy Seas
By Gary Aiken | September 7, 2023 One year ago, I published a note dedicated almost entirely to Jerome Powell’s speech at the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. Chairman Powell’s comments were short and to the point. The Federal Reserve, under his leadership, was determined to snuff out inflation using all the […]
Weekly Market Insights – Tuesday, September 5, 2023
Economic Softness Sparks Market Optimism: Falling bond yields, spurred by weak economic data, helped lift stocks to weekly gains as investors sought higher returns in equities. This development brought relief to market participants and contributed to the overall positive performance of stocks last week. Over the last month, The Dow Jones Industrial Average returned –1.88%, […]
Weekly Market Insights – Monday, August 28, 2023
Stocks Retreat as Powell’s Hawkish Talk Rattles Markets: Last week, stock markets remained volatile, influenced by unpredictable bond yields and more headline news. However, markets ended the week on a positive note after Fed Chair Jerome Powell’s remarks regarding the monetary outlook. Over the last month, The Dow Jones Industrial Average returned -2.31%, while the […]
Weekly Market Insights – Monday, August 21, 2023
Markets Weather the Storm of Economic News and Indicators: Last week, stocks continued their August decline as investor sentiment turned negative due to higher yields and disappointing economic data from China. Over the last month, The Dow Jones Industrial Average returned -2.44%, while the S&P 500 returned -3.48%. The Nasdaq Composite Index returned –4.65%. Stocks […]
Weekly Market Insights – Monday, August 14, 2023
Summertime Blues for the Markets: Despite positive inflation data, stocks remained trapped in the doldrums of August last week. Disappointing economic data and a downgraded U.S. debt rating took a toll on investor sentiment, creating a less-than-desirable market environment. Over the last month, The Dow Jones Industrial Average returned 2.51%, while the S&P 500 returned […]
The Dollar: Reserve Currency Forever?
By Gary Aiken | August 10, 2023 The United States Dollar is the world’s reserve currency, true or false? Partly true. The Dollar is one of many reserve currencies. Reserve currencies are units of money held by central banks around the world to facilitate trade and ensure the relative stability of their own country’s currency. […]
Weekly Market Insights – Monday, August 7, 2023
Stocks Raise White Flag to Bad News: Stocks retreated last week as bond yields increased following the Treasury’s announcement indicating “a larger-than-expected funding need” and a downgrade in the federal government’s debt rating. Over the last month, The Dow Jones Industrial Average returned 4.57%, while the S&P 500 returned 2.29%. The Nasdaq Composite Index returned […]