Weekly Market Insights – Monday, May 15, 2023
Attention Turns to the Debt Ceiling: Stocks were mixed last week as good inflation news was offset by mounting debt ceiling concerns and rekindled regional banking fears. Over the last month, The Dow Jones Industrial Average returned –1.92%, while the S&P 500 returned –0.31%. The Nasdaq Composite Index returned 1.73%. Source: Charles Schwab & Co, […]
Weekly Market Insights – Monday, May 8, 2023
Friday Rally Trims Losses; CPI Report Next Week: A Friday rebound, triggered by big tech company earnings and a strong jobs report, shaved much of the week’s accumulated losses. Over the last month, The Dow Jones Industrial Average returned 0.39%, while the S&P 500 returned 0.72%. The Nasdaq Composite Index returned 0.98%. Source: Charles Schwab […]
Weekly Market Insights – Monday, May 1, 2023
Stocks Rally as Attention Shifts to Fed’s May Meeting: Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week. Over the last month, The Dow Jones Industrial Average returned 2.65%, while the S&P 500 returned 1.46%. The Nasdaq Composite Index returned -0.27%. Source: […]
Weekly Market Insights – Monday, April 24, 2023
Stocks Show Small Losses After Mixed Week: Stocks remained resilient last week amid mixed earnings reports, hawkish Fed-speak, and lingering recession fears, closing out the five trading days with small losses. Over the last month, The Dow Jones Industrial Average returned 5.31%, while the S&P 500 returned 4.46%. The Nasdaq Composite Index returned 1.75%. Source: […]
Weekly Market Insights – Monday, April 17, 2023
Lower Inflation Lifts Spirits in Uneven Week: The combination of an improving inflation outlook resulted in a week of uneven, albeit positive, performance, in which cyclical and financial stocks rallied while technology, real estate, and utilities lagged. Over the last month, The Dow Jones Industrial Average returned 4.68%, while the S&P 500 returned 4.15%. The […]
Weekly Market Insights – Monday, April 10, 2023
Hiring Cools; Recession Fears Rise: Stocks ended a shortened week of trading mixed amid revived recession fears on Wall Street triggered by weak economic data. Over the last month, The Dow Jones Industrial Average returned 3.48%, while the S&P 500 returned 4.04%. The Nasdaq Composite Index returned 5.35%. Source: Charles Schwab & Co, Inc. Recession […]
Are We There Yet?
By Gary Aiken | April 4, 2023 Quarterly data showed earnings declining, economic growth slowing, and inflation cooling in alignment with the Federal Reserve’s policy goals. Stock and bond markets fluctuated within a range during Q1 as market participants grappled with competing data showing the potential for avoiding a recession colliding with bank failures. Global […]
Don’t Call It A Pivot
By Gary Aiken | January 6, 2023 Inflation started to show signs of moderating. The Federal Reserve continued raising rates, but signaled a slowdown for the pace of future hikes. The bear market rally that started in October continued well into the late fourth quarter. Stocks and bonds both showed strong returns amid declining volatility. […]
Patience Not Pessimism
By Gary Aiken | October 6, 2022 Inflation is proving more stubborn than anticipated, with the Fed getting increasingly hawkish and markets becoming more skeptical of a “soft landing.” A steady decline in asset values so far this year (i.e., a collapse in growth stocks and a correction in bond prices) has created attractive valuations […]
Nothing New Under the Sun
By Mitch York | July 6, 2022 Inflation has hit a 40-year high. We expect “demand destruction” to cause a significant decline in inflation by year-end, but remain elevated above normal levels. Once behind the curve, the Fed is front-loading large interest rate hikes in order to cool the economy and fight inflation. Stocks are […]