Quick Takes Equities continued to struggle amid elevated geopolitical risks and expectations for tighter monetary policies as inflation pressures persist ahead of next month’s Fed meeting. Virtually all major global equity indices were down -1% or more, deepening the...
Quick Takes Stocks continue their choppy trading, getting whipsawed in the past week by a hotter-than-expected consumer inflation report, surprisingly hawkish comments from St. Louis Fed President James Bullard, and National Security Advisor Jake Sullivan’s...
Information has circulated the internet about payments made through mobile money applications such as Venmo, PayPal, Cash App, etc., being taxed starting January 1, 2022. To clear up any confusion, we wanted to make sure you understand the rule and how it may or may...
Market Performance Summary There just isn’t any way to sugarcoat it, January was a rough month for investors in all asset classes. After a year of solid gains across most major equity indices in 2021, January was a decidedly “risk-off” month in which pretty much...
Quick Takes Major U.S. stock market indices had their best week of the year despite sharp losses on Thursday. For the week, the S&P 500 was +1.6% higher, the Nasdaq rose +2.4%, the Dow gained +1.1%, and the small cap Russell 2000 advanced +1.7%. Stocks had been...
Quick Takes Major U.S. stock market indices narrowly averted another negative week with a dramatic late afternoon surge on Friday. The S&P 500 gained +2.4% on Friday to end a three-week losing streak with a +0.8% weekly advance. It was a wild, roller-coaster ride...
Quick Takes The only good news for stocks over the past week was that the market was only open for four days. The S&P 500 fell about -1% or more every day of the week on its way to a weekly loss of -5.7%, its worst one-week performance since March 20, 2020. Tech...
Quick Takes Markets continued their shaky start to 2022 with a second straight week of losses, though the declines were much more moderate than the first week of trading in the new year. The S&P 500 and Nasdaq slipped -0.3%, while the small-cap Russell 2000 Index...
Quick Takes Surging yields rattled markets in the first week of trading in the new year. The S&P 500 dropped -1.9% despite hitting a record high on the first day of the year. The technology-heavy Nasdaq Composite was hit especially hard, falling -4.5% over the...
Market Performance Summary Stocks and Real Estate finished the year strongly with solid December gains. Low interest rates, plenty of liquidity, an expanding economy, and strong earnings continued to fuel the rise for equities. The S&P 500 closed the year just shy...
