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 […]
November 2021 Insights
Key Observations: A more hawkish Federal Reserve has emerged and no longer views inflation as transitory The yield curve is flattening as the market is pricing in rate hikes, but strong demand persists for longer-term Treasury bonds Economically sensitive stocks sold off in November as the Omicron variant and inflation concerns raised doubts about the […]
October 2021 Insights
Key Observations: The Delta variant, supply chain constraints, and consumer sentiment bit into Q3 economic growth The Federal Reserve announced plans to reduce its monthly purchases of Treasury and mortgage-backed bonds Interest rates are still range-bound, offering low yields across the spectrum of traditional fixed income Economic Commentary It has been a mixed bag of […]
September 2021 Insights
Key Observations: Equities experienced their first monthly losses since January with broad, deep declines. New supply chain challenges come front and center as a major headwind. Market pullbacks of 5% and greater are more common than you think. A September to Forget September has historically been the worst month of the year for equities, and […]
August 2021 Insights
Key Observations: • The Covid Delta variant has emerged as a headwind for economic growth. • Growth stocks continue to lead the market forward. • Corporate earnings have crushed estimates, and expectations remain high. Economic Commentary It’s two steps forward and one step back for the economy. After firing on all cylinders through the first […]
July 2021 Insights
Fast and Furious… Key Observations: The automobile industry, with a supply and demand imbalance, reflects the broader U.S. economy. Strong demand for goods and services is likely to continue as the financial condition of most Americans has improved considerably over the past year. The two primary economic risks, inflation, and COVID variants, hang over […]