Weekly Commentary

November 27, 2023 Equities maintained their upward movement during the holiday shortened week. The weekly return for the S&P 500 Index was +1.0%, the Dow was +1.3%, and the NASDAQ…

November 20, 2023 Cooling inflation reports combined with a cooling job market data from earlier in the month has sustained the recent equity rally. The weekly return for the S&P…

November 13, 2023 Stocks added to gains last week. The weekly return for the S&P 500 Index was +1.4%, the Dow was +0.7%, and the NASDAQ was +2.9%. The S&P…

November 6, 2023 A pause on interest rates at the Federal Open Market Committee (FOMC) meeting followed by a tame employment report helped stocks rally from an oversold condition last…

October 30, 2023 Mixed earnings from the mega cap Technology and Communications Services companies and on-going concerns of events in the Middle East sent equity markets down last week. The…

October 23, 2023 Concerns over widening violence in the Middle East pressured financials markets last week. The weekly return for the S&P 500 Index was -2.4%, the Dow was -1.6%,…

October 16, 2023 The eruption of violence in the Middle East created a demand for safe haven assets last week as treasury bonds, gold, and oil all rose. The weekly…

October 9, 2023 The September Employment report pointed to a still strong economy and sparked a market rally on Friday. The weekly return for the S&P 500 Index was +0.5%,…

October 2, 2023 The U.S. government avoided an October 1st shutdown but legislators were only able to agree on a 45-day extension. The weekly return for the S&P 500 Index…

September 25, 2023 The Federal Reserve refrained from raising short-term interest rates last week, but revisions in the Summary of Economic Projections that pointed to a “higher for longer” scenario…

September 18, 2023 Stocks were mixed last week. The weekly return for the S&P 500 Index was -0.1%, the Dow was +0.1%, and the NASDAQ was -0.5%. The Utility, Consumer…