Evolving

Equities declined last week after the Federal Reserve reduced its outlook for the number of interest rate reductions it plans for 2025. For the week, the S&P 500 Index was -2.0%, the Dow Jones Industrials -2.2%, and the NASDAQ -2.3%. All eleven S&P sectors declined with the Technology, Utility, and Financial sectors declining the least […]

Game On

September started with downside pressure in the equity markets. For the week, the S&P 500 was -4.2%, the Dow was -2.9%, and the NASDAQ was -5.9%. Within the S&P 500 Index, Consumer Staples and Real Estate were the only two positive sectors for the week. The worst performing sectors were Technology, Energy, and Communication Services. […]

Summer Solstice

Stocks posted gains during the holiday shortened week. For the week, the S&P 500 Index was +0.6%, the Dow was +1.5%, and the NASDAQ was +0.2%. Within the S&P 500 Index, the Consumer Discretionary, Energy, and Financial sectors led, while the Utility, Real Estate, and Technology sectors lagged. The 10-year U.S. Treasury note yield increased […]

May Flowered

The S&P 500 Index rose 4.96% in May to recover the 4.08% decline from April. For the week, the S&P 500 Index was -0.5%, the Dow was -0.9%, and the NASDAQ was -1.4%. Within the S&P 500 Index, the Energy, Real Estate, and Utility sectors led, while the Technology, Industrial, and Health Care sectors lagged. […]

Leveling Off

Stocks leveled off last week after a multi-week advance. For the week, the S&P 500 Index was flat, the Dow was -2.3%, and the NASDAQ was +0.4%. Within the S&P 500 Index, the Technology and Communication Services sectors were the only two with a weekly advance. The Energy, Real Estate, and Financial sectors were the […]

In Like a Lion

Stocks have come into March like a lion year-to-date with the S&P 500 Index +8.0%. For the week, the S&P 500 Index was +1.0%, the Dow was flat, and the NASDAQ was +2.1%. The S&P 500 Index was led by the Technology, Real Estate, and Consumer Discretionary sectors, while the Health Care, Consumer Staples, and […]

Leap Year

The S&P 500 Index leaped back to new highs last week. For the week, the S&P 500 Index was +1.7%, the Dow was +1.3%, and the NASDAQ was +1.4%. The S&P 500 Index was led by the Consumer Staples, Materials, and Industrial sectors, while the Energy, Real Estate, and Communication sectors lagged. All eleven sectors […]

Tight Enough

December 18, 2023 Equities rallied and bond yields declined as the Federal Reserve projected a decrease in the Fed funds rate for 2024 as the pace of inflation is declining. The weekly return for the S&P 500 Index was +2.5%, the Dow was +2.9%, and the NASDAQ was +3.4%. The S&P 500 Index was led […]

The Gift that Keeps on Giving

December 4, 2023 Equities rose and bond yields fell as investors continue to press the case that the Federal Reserve is likely done with the current monetary tightening cycle. The weekly return for the S&P 500 Index was +0.8%, the Dow was +2.6%, and the NASDAQ was +0.1%. The S&P 500 Index was led by […]