Weekly Market Update – June 21, 2024

Weekly Market Update – June 21, 2024

Quick Takes It was a give-and-take week for U.S. stocks as the S&P 500 and Nasdaq opened the week with two days of fresh record highs, then dropped the final two days of the week with losses. Still, the S&P was able to keep a three-week win streak, but the...
Weekly Market Update – June 21, 2024

Weekly Market Update – June 14, 2024

Quick Takes The theme for the week was easing inflation, as several inflation reports came in below Wall Street expectations. Consumer prices, wholesale prices, and import prices were all lower than expected. At the same time, however, Fed policy makers indicated a...
Weekly Market Update – June 21, 2024

Weekly Market Update – June 07, 2024

Quick Takes Last week’s economic data was mostly disappointing, but on Friday morning, the Labor Department reported an unexpectedly strong addition of 272,000 new Nonfarm Payrolls in May, as well as higher than expected Wage growth. The strong jobs data caused yields...
Monthly Market Update – May 2024

Monthly Market Update – May 2024

Key Points HAVE YOUR CAKE AND EAT IT TOO – Virtually all major asset classes saw healthy gains in May that largely reversed the broad-based losses experienced in April. Investors interpreted weaker-than-expected economic reports throughout the month as ‘bad news...
Weekly Market Update – June 21, 2024

Weekly Market Update – May 31, 2024

Quick Takes The holiday-shortened week was relatively uneventful with respect to economic data and saw stocks reverse some of the bigger trends for much of May while bonds were mixed but mostly flat. The Core version of the Personal Consumption Expenditure (PCE) price...
Weekly Market Update – June 21, 2024

Weekly Market Update – May 24, 2024

Quick Takes Most stocks outside the Technology sector were flat to down as minutes from the Federal Reserve’s May meeting raised concerns of persistent inflation, indicating the central bank may not cut interest rates anytime soon.  The S&P 500 and Nasdaq indexes...
Weekly Market Update – June 21, 2024

Weekly Market Update – May 17, 2024

Quick Takes Global stocks continued their win streak, now four straight weeks, as the “Sell in May and Go Away” historical period is clearly not playing out in 2024. The S&P 500 gained +1.5% for the week, while the Nasdaq was up +2.1%, and the Russell 2000 was up...
Weekly Market Update – June 21, 2024

Weekly Market Update – May 10, 2024

Quick Takes Global stocks are riding a three-week win streak despite entering the historically challenging “Sell in May and Go Away” period. The S&P 500 gained +1.9% for the week, while the Nasdaq and Russell 2000 were up +1.1% and +1.2% respectively. Yields were...
Monthly Market Update – May 2024

Monthly Market Update – April 2024

Key Points FEAR & GREED HITS 6-MONTH LOW One down month after five up months isn’t the end of the world, but it did spark some fear. Stock Market Fear & Greed Index drops to lowest level since November 1. The low in the Fear & Greed Index coincided with...
Weekly Market Update – June 21, 2024

Weekly Market Update – May 03, 2024

Quick Takes Global stocks and bonds rallied last week, with investors very encouraged by dovish comments from Fed Chairman Jerome Powell and an April employment report that struck Goldilocks tones with slower jobs growth and weaker wage increases. The S&P 500...