Weekly Market Update – December 24, 2021
Quick Takes Stocks began the week with sharp losses on Monday, but then rallied the final three days of the holiday-shortened week. The S&P 500 gained +2.3% for the week, closing at a new all-time high – the 68th all-time high in 2021. US Home prices are at a...
Weekly Market Update – December 17, 2021
Quick Takes Choppy trading continued as Omicron and Fed monetary policy stirred markets. Stocks gave up some of last week’s gains as investors weighed the impact of the Omicron variant on the economy and supply chains while processing the Fed’s new stance on...
Weekly Market Update – December 10, 2021
Quick Takes Investors shrugged off the spread of Omicron and surging inflation to send the S&P 500 to a new record high, as it, and the Nasdaq, had their best week since February. Even small caps, laggards of late, had healthy gains with the Russell 2000 breaking...
Weekly Market Update – December 3, 2021
Quick Takes Stocks declined sharply for the second straight week as the Omicron variant spread quickly around the world, and to a dozen U.S. states, and Fed Chair Jerome Powell hinted at accelerating its tapering of bond purchases. November’s employment report showed...
Monthly Market Update — November 2021
November Performance Summary Well, November didn’t quite live up to its reputation. Historically, November has been the second-best month of the year for stocks, but not this November in which the S&P 500 Index actually declined a bit, dropping -.07% on a total...
Weekly Market Update – November 26, 2021
Quick Takes Global stocks declined sharply over the week, but most remain within a few percentage points from their all-time highs. Positive economic data before Thanksgiving Day couldn’t overcome a significant decline on Friday as stocks, commodities, and bond yields...
Weekly Market Update – November 19, 2021
Quick Takes Global stocks advanced over the week but closed slightly below their all-time highs. Positive earnings momentum continued to bolster stocks as well as a strong October retail sales report. The strength was primarily in large-cap growth stocks while...
Weekly Market Update – November 12, 2021
Quick Takes Several win streaks for stocks came to an end in the week ending November 12. The S&P 500 had a five-week win streak that snapped after slipping -0.3%. The S&P 500’s eight-session winning streak and the Nasdaq Composite’s 11-session...