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Prior Week Commentaries

Week of January 6, 2020

2019 was a remarkable year for investors with many asset classes delivering positive performance. Both the Standard & Poor’s 500 Index, a gauge of U.S. stock market performance, and the Dow Jones Global (ex U.S.) Index delivered double-digit increases. Read More

Week of December 30, 2019

Investors may find themselves reluctant to ring out the old and ring in the new this week. During 2019, stock and bond markets delivered exceptional returns. Read More

Week of December 16, 2019

The Federal Reserve and European Central Bank both pledged to do what they could to underpin their respective economies. The United Kingdom gave Boris Johnson’s Conservative Party a landslide victory, virtually guaranteeing that the Brexit saga will end, finally. Read More

Week of December 2, 2019

Despite relatively strong retail sales, overall, major stock indices in the United States dipped on Friday for reasons unrelated to evolving business models in the retail industry. Read More

Week of November 25, 2019

Year-to-date, the Standard & Poor’s 500 Index, Dow Jones Industrial Average, and Nasdaq Composite have all gained more than 20 percent with dividends reinvested. The MSCI World Index also is up 20 percent year-to-date. Read More

Week of November 18, 2019

The longest bull market in history showed no signs of slowing last week. Read More

Week of November 11, 2019

According to a source cited by Barron’s, U.S. stock markets are responsible for creating $6 trillion in paper wealth this year. ‘Paper’ wealth is when an asset is estimated to be worth a specific amount. The wealth becomes ‘real’ when the asset is sold. Read More

Week of November 4, 2019

The Federal Reserve lowered interest rates last week, as expected. There were no enthusiastic fans singing the Baby Shark song, but the Federal Open Market Committee’s decision was well received. Read More

Week of October 28, 2019

All three indices finished last week in positive territory. Lawrence Strauss of Barron’s reported signs that global markets are stabilizing supported investors’ optimism. Read More

Week of October 21, 2019

There was some positive news for investors who prioritize fundamentals. Third quarter’s earnings season – the period of time when companies let investors know how they performed during the previous quarter – got off to a strong start. Read More

Week of October 14, 2019

The world breathed a sigh of relief last week when the United States and China took a step toward a trade-war truce. Read More

Week of October 7, 2019

From trade wars to impeachment inquiries, investors had a lot to ponder during the third quarter. Toward the end of September, they appeared to become more cautious, although it’s difficult to say which issues weighed most heavily. Read More

Week of September 23, 2019

On Saturday, reports from U.S. trade representatives and China’s state-run news agency emphasized trade discussions were ‘constructive’ and ‘productive’ and would continue in October, reported The New York TimesRead More

Week of September 16, 2019

If you enjoy searching for Waldo, the visual nemesis in a red-striped sweater and cap, you may appreciate the quandary of central bankers in many wealthy nations. For almost a decade, they’ve been they’ve been trying to find inflation. Read More

Week of September 9, 2019

The U.S.-China trade war has had a significant impact on stock market performance during the past two years. Since the trade war began, U.S. stock markets have rallied when trade talks are announced and retreated when trade talks fail. Read More

Week of September 3, 2019

Last week finally brought some relief. It was the best week for major U.S. stock indices since June. Read More

Week of August 26, 2019

Last week’s stock market volatility was like a thunderstorm on a lake. Markets were doing well until the squall brewed up on Friday. Read More

Week of August 12, 2019

Investors boomeranged from stocks to safe havens and back as trade tensions between the United States and China intensified last week. Read More

Week of July 15, 2019

Last week, the Standard & Poor’s 500 Index set a new record, closing above 3,000 for the first time. Other major U.S. stock indices also finished at record highs, reported Barron’sRead More

Week of July 8, 2019

There was unexpected economic news last week. On Friday, the Bureau of Labor Statistics announced 224,000 new jobs were added in June, which was more than analysts had anticipated. The gains were offset a bit by reductions in April and May employment estimates. Read More

Week of July 1, 2019

After U.S. stocks dropped sharply during the last weeks of December 2018, investors were not optimistic about the future. Early in January 2019, the State Street Investor Confidence Index dropped to its lowest point since 2012, and the American Association of Individual Investors (AAII) Sentiment Survey showed just about 31.6 percent of investors as bullish. Read More

Week of June 24, 2019

The Federal Open Market Committee met last week (they decide whether the central bank of the United States should push rates higher or move them lower). It left rates unchanged, but indicated a willingness to lower rates in support of economic expansion. Read More

Week of June 10, 2019

Since the U.S.-China trade conflict resumed in early May, investors have been off balance. The possibility of escalating tariffs on Mexico heightened economic uncertainty. Read More

Week of June 3, 2019

Just two weeks ago, the U.S. government lifted tariffs on Mexico and Canada. So, it was a surprise last week when President Trump tweeted the United States would impose an escalating tariff on all goods imported from Mexico until the flow of migrants to the United States’ southern border stops. Read More

Week of May 28, 2019

During the past decade, the profitability of U.S. companies increased rapidly. Strong corporate earnings helped the U.S. stock market outperform markets in other nations by a significant margin. Read More

Week of May 20, 2019

There was some good news on trade, last week. The United States took steps to reduce trade friction with the European Union, Canada, Mexico, and Japan. Read More

Week of May 13, 2019

Major U.S. stock indices moved lower when trade talks between the United States and China broke down. The Standard & Poor’s (S&P) 500 Index, Nasdaq Composite, and Dow Jones Industrial Index all finished the week down between 2 percent and 3 percent. Read More

Week of April 29, 2019

Economic growth in the United States was strong during the first quarter. The Bureau Of Economic Analysis (BEA) announced gross domestic product (GDP), which is the value of all goods and services produced in the United States, increased by 3.2 percent. Read More

Week of February 25, 2019

Investors were pleased with the Federal Reserve’s (Fed) new approach to its balance sheet. The Fed delivered its semi-annual Monetary Policy Report to Congress last week. Read More

Week of February 18, 2019

The great mystery of stock markets reared its head last week. With no clear driver, the Dow Jones Industrial Average gained more than 3 percent, while the Nasdaq Composite and Standard & Poor’s (S&P) 500 Index moved higher by about 2.5 percent. Read More

Week of February 11, 2019

At its first policy meeting of 2019, the U.S. Federal Reserve changed direction. After four rate increases in 2018, Chair Jerome Powell announced interest rates were on hold. Read More

Week of February 4, 2019

Last week, the Federal Reserve put itself on hold. The Federal Open Market Committee met on Wednesday, January 30, 2019, to discuss the state of the economy and determine policy. Read More

Week of January 28, 2019

The Standard & Poor’s 500 Index, which has gotten off to its best start since 1987, ended the week with a slight loss, while the Dow Jones Industrial Average and Nasdaq Composite finished slightly higher, reported Ben Levisohn of Barron’sRead More

Week of January 21, 2019

Investors seemed to be following the advice of Johnny Mercer’s song and accentuating the positive by focusing on solid U.S. economic data and continued positive signs the U.S. and China are moving toward a trade deal. Read More

Week of January 14, 2019

Last week, the Standard & Poor’s 500 Index (S&P 500) was up 2.5 percent. If the Index finishes this month higher, then the January Barometer suggests it should finish the year in positive territory. Read More

Week of January 7, 2019

Investors will think of the last quarter of 2018 for years to come, but they won’t remember it fondly. Read More

Week of December 17, 2018

It never feels good when the stock market heads south, and that’s what happened last week. The Standard & Poor’s 500 Index (S&P 500), Dow Jones Industrial Average, and Nasdaq Composite all moved into correction territory, which means the indices have fallen 10 percent or more from their previous peaks. Read More

Week of December 10, 2018

December is usually the best month of the year for the stock market. It has been since 1950, according to Randall Forsyth of Barron’s, but not so far this year. Read More

Week of December 3, 2018

Recently, stocks have delivered a wild ride. During Thanksgiving week, U.S. stock markets took investor uncertainty on the chin, suffering a 3.8 percent drop, which was the worst performance in eight months. Read More

Week of November 26, 2018

The United States and China continued to spar over trade and other issues. An expert from Moody’s told Frank Tang of the South China Morning Post (SCMP) the United States-China dispute will not be easily resolved. Read More

Week of November 12, 2018

Some votes are still being counted but investors appear to be happy with the outcome of mid-term elections. Read More

Week of October 22, 2018

Strong economic growth and robust earnings helped U.S. stocks significantly outperform other regions of the world during the third quarter of 2018. Read More

Week of October 15, 2018

Like an unexpected gust of wind that blows the hat off your head or flips your umbrella inside out, last week’s stock market performance startled investors. Read More

Week of October 8, 2018

Last week offered some insight to economics and stock market behavior. The U.S. unemployment rate reached its lowest level since 1969 and wages moved higher, yet major U.S. stock indices lost value. Read More

Week of October 1, 2018

The Federal Reserve raised rates for the third time in 2018, as expected. In addition, the Federal Open Market Committee projects economic growth will continue for three more years, although its median numbers show growth slowing from 3.1 percent in 2018 to 1.8 percent in 2021. Read More

Week of September 24, 2018

A tech company introduced a microwave you can turn on using Wi-Fi – as long as you have one of the company’s voice assistants at home, reported Kaitlyn Tiffany of Vox. Soon, the voice assistants will be built with neural networks that will formulate hunches about whether their owners might like to be reminded to lock the door or turn off a device. Read More

Week of September 17, 2018

The September installment of University of Michigan’s Consumer Sentiment Survey reported Americans are feeling pretty optimistic. Consumer sentiment rose to the second highest level since 2004, and consumer expectations reached the highest level since 2004. Read More

Week of September 10, 2018

Strong economic growth and rising wages have the potential to push inflation – increases in prices of everyday goods – higher than the Fed’s 2 percent target. The Fed battles inflation and promotes financial stability by raising the Fed funds rate. Read More

Week of September 4, 2018

Markets were fired up last week after the United States and Mexico agreed on new trade rules. The Standard & Poor’s 500 (S&P 500) Index reached an all-time high and finished the month of August up about 3 percent, reported Michael Sheetz, Thomas Franck, and Alexandra Gibbs of CNBC. Read More

Week of August 27, 2018

Not everybody loves meetings and even fewer enjoy reading the minutes, but investors make an exception with the Federal Reserve. This week the Fed published the minutes from its August 1 meeting. While no changes were made to interest rates, the minutes did provide insight to how the Fed sees the U.S. economy. Read More

Week of August 20, 2018

After a rocky start, the Standard & Poor’s 500 Index came within 1 percent of an all-time high last week, reported Ben Levisohn for Barron’s. It’s significant because the Standard & Poor’s 500 Index has been trading below its January record all year. Read More

Week of August 13, 2018

Let's talk Turkey! So, how did a country that represents just about 1.4 percent of the world’s economy spark a global selloff? Read More

Week of August 6, 2018

Last week, the White House proposed capital gains be adjusted or ‘indexed’ for inflation before they are taxed. Princeton Professor Alan Blinder explained the idea in The Wall Street JournalRead More

Week of July 30, 2018

Economic growth in the United States was strong during the second quarter. Gross domestic product (GDP), which is the value of all goods and services produced in the United States, grew by 4.1 percent. That’s the fastest growth in four years, reported the BBCRead More

Week of July 23, 2018

The stock market had a rather boring week. The S&P 500 stayed in a tight range throughout the week and finished basically unchanged. Global stocks performed a little better as the MSCI ACWI inched 0.1% higher. The Bloomberg BarCap Aggregate Bond Index dropped 0.3%. Read More

Week of July 16, 2018

Trade tensions escalated as the U.S. administration expanded tariffs on Chinese goods last week. You wouldn’t have known by watching the performance of benchmark indices, though. Just four of the 25 national stock market indices tracked by Barron’s – Australia, Italy, Spain, and Mexico – moved lower. Read More

Week of July 9, 2018

As the second quarter of 2018 began, investors were feeling less optimistic than usual. (About 36.6 percent were bearish and 31.9 percent bullish.) Their outlook was informed by a variety of factors. Read More

Week of July 2, 2018

The Shanghai Stock Exchange (SSE) Composite Index, which reflects the performance of all shares that trade on the Shanghai Stock Exchange, dropped into bear market territory last week, reported CNBC. The Index has fallen more than 20 percent from its previous high. It appears some investors saw an opportunity and bought the dip since the SSE Index bounced higher last Friday, gaining more than 2 percent. Read More

Week of June 25, 2018

The yield curve may be the pocket watch of economic indicators. It’s been around for a long time and it’s often right, but not always. Read More

Week of June 18, 2018

Last week opened with heightened trade tensions between the United States and its allies. It closed with the United States imposing new tariffs on $50 billion of Chinese goods. Read More

Week of June 11, 2018

Disagreements about trade were the reason for heightened tensions among world leaders. At the end of May, the United States extended tariffs on aluminum and steel imports to U.S. allies. Read More

Week of June 4, 2018

The two big news items last week were a strong U.S. jobs report and a political compromise in Italy that reduced the risk of a referendum on staying in the EU. Read More

Week of May 21, 2018

U.S. stock markets were relatively calm, although they finished the week lower. U.S. Treasury yields hit a 7-year high and finished the week above 3 percent. Read More

Week of May 14, 2018

During the past decade, the employment picture in the United States has shifted dramatically. In mid-2009, 15.4 million unemployed Americans were chasing 2.2 million available jobs. At the end of 2017, just 6.6 million Americans were unemployed, and employers were casting eagerly to fill 6.6 million open jobs, reports Barron’sRead More

Week of May 7, 2018

What do asset managers and researchers make of the current state of world economies and markets? A portfolio manager cited by Barron’s said, “…until proved otherwise, we remain in a long bull market, and there is an absence of indicators outside of the equity market itself (most notably in credit markets or financial conditions) to suggest this has ended.” Read More

Week of April 30, 2018

The Federal Reserve and the U.S. bond market appear to be in agreement about the direction of interest rates. For more years than anyone cares to count, investment professionals have been predicting the end of the bull market in bonds. Bond guru Bill Gross called the end of the bond bull in 2011 – and called it again in 2013. Read More

Week of April 2, 2018

During the first week of the first quarter of the New Year, the Dow Jones Industrial Average rose above 25,000 for the first time ever. Less than two weeks later, it closed above 26,000. The Standard & Poor’s (S&P) 500 Index and NASDAQ Composite also reached new all-time highs. Read More

Week of March 26, 2018

A sharp selloff in the last part of the week caused the S&P 500 to post its worst weekly loss since early 2016. The S&P 500 dropped just less than 6%. The global MSCI ACWI slid 4.4%, and the Bloomberg BarCap Aggregate Bond Index was basically unchanged. Year-to-date, the S&P 500 is down 3.2%. Read More

Week of March 19, 2018

The Federal Reserve is expected to use a fairly strong economy and modest inflation to support raising rates at its meeting this week. The Fed remains focused on unwinding its policy of unnaturally low rates implemented during the 2008 financial crisis. Read More

Week of March 12, 2018

There is little doubt the Millennial generation has been reshaping our world. One of the most remarkable aspects of this demographic group is a preference for experiences over consumer goods. “Three out of four millennials would rather spend their money on an experience than buy something desirable. Read More

Week of March 5, 2018

Last week, global stock markets took a bit of a dip after President Trump announced a 25 percent tariff on steel and a 10 percent tariff on aluminum. Tariffs are taxes on goods imported from other countries. In general, governments impose tariffs to enhance revenue and/or protect domestic industries from competition abroad. Read More

Week of February 26, 2018

Last week, the U.S. Treasury auctioned $258 billion in bonds. Treasury auctions are the way the United States government finances its debt. The Treasury sells short-, intermediate-, and long-term IOUs, known as bills, notes, and bonds. When investors and governments purchase bonds, they agree to lend money to the United States. Read More

Week of February 20, 2018

Ever since the Federal Reserve began raising the Fed funds rate in 2015, analysts have been anticipating higher inflation. The fact that price increases remained relatively small was a perplexing mystery. Then, last week, inflation increased faster than expected. Read More

Week of February 12, 2018

After months of eerie calm, stock market volatility has returned. The CBOE Volatility Index (VIX) – a measure of how turbulent investors expect stock markets to be during the next 30 days – appeared to fall asleep in November 2016. Read More

Week of February 5, 2018

Last week, stock markets around the world lost value. In the United States, the Standard & Poor’s 500 Index (S&P 500), Dow Jones Industrial Index (Dow), and NASDAQ all finished lower. Read More

Week of January 29, 2018

Publicly-traded companies report their earnings and sales numbers for the previous quarter in the current quarter. Read More

Week of January 22, 2018

Last week, the United States government might as well have hung a sign on the front door of the Capitol that read, “Gone negotiating. We’ll be back in…however long it takes.” Read More

Week of January 8, 2018

U.S. stock markets delivered their own version of fireworks to celebrate the New Year. During the first week of 2018, the Dow Jones Industrial Average hit a new all-time high, moving above 25,000 for the first time ever. The NASDAQ Composite and Standard & Poor’s 500 Indices also rose to new highs. Read More

Week of December 26, 2017

Last week, President Trump signed tax reform, officially titled ‘An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,’ into law. Read More

Week of December 18, 2017

The reconciliation of Congressional tax reform bills proceeded apace last week, and Congress is expected to vote on the measure early this week. Read More

Week of December 11, 2017

While holidays don’t make everyone happy, investors should be feeling festive. The Standard & Poor’s 500 Index is up more than 18 percent year-to-date. The Dow Jones Global ex U.S. Index is up about 21 percent year-to-date (refer to the table), and Treasury bond yields are lower than they were at the start of the year. Read More

Week of December 4, 2017

From the perspective of unsettling events, last week was jam-packed. North Korea claimed to have the capability to strike the United States with a nuclear missile, tax reform continued to travel a controversial path through the House and Senate, and former national security adviser Michael Flynn pled guilty to lying to the FBI about conversations with Russia's ambassador. Read More

Week of November 27, 2017

Stock markets around the world may have ripened to full-slip sweetness this year. Emerging markets have delivered the most attractive returns year-to-date. The MSCI Emerging Markets Index was up 34 percent year-to-date, last week. The United States and Europe have marched higher, too. Read More

Week of November 20, 2017

It appears investors – retail and institutional – have become rather like predators. They patiently stalk shares, waiting for a dip, and then they strike – buying stocks when prices fall. Read More

Week of November 13, 2017

Most of the companies in the Standard & Poor’s 500 (S&P 500) Index have reported third quarter earnings per share (EPS), which is the profit earned per share of stock outstanding during the period. Many have done quite well. Read More

Week of November 6, 2017

U.S. Supreme Court Justice Oliver Wendell Holmes’s statement is engraved on the front of the Internal Revenue Service building in Washington, D.C. Some people agree with the sentiment. Others believe it to be a logical fallacy. Read More

Week of October 30, 2017

The last full week of October was a box full of surprises. First, U.S. economic growth exceeded expectations. The devastation wrought by Hurricanes Harvey, Irma, and Maria was widely expected to stifle U.S. quarterly growth, according to NPR. Read More

Week of October 16, 2017

Last week, Richard Thaler was awarded the Nobel Prize in economics. His work in behavioral economics and finance recognizes not all economic and financial decisions are made after rational reflection. Read More

Week of October 9, 2017

It has been 332 days since the Standard & Poor’s 500 (S&P 500) Index experienced a 5 percent drop, reported Barron’s. If there isn’t a selloff on Monday or Tuesday, this will become the longest rally without such a drop. Read More

Week of September 25, 2017

So far in 2017, investor confidence has remained impervious to geopolitical threats. Bloomberg reported, while diplomats at the United Nations stress over North Korea’s threat to drop a hydrogen bomb, Russia’s provocations along the borders of Eastern Europe, rising Middle East tensions, and conflict between the United States and China in the South China Sea, investors remain relatively sanguine. Read More

Week of September 18, 2017

“In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No. From the title, you might think the authors – Matt Kadnar and James Montier – don’t like U.S. stocks. Read More

Week of September 11, 2017

Last week, Equifax, one of three major consumer credit reporting agencies, was hacked. The New York Timesreported the company had data on more than 820 million consumers and more than 91 million businesses worldwide. Estimates suggest 143 million Americans may have been affected. Read More

Week of September 4, 2017

Last week, the Bureau of Economic Analysis revised its initial estimate that the gross domestic product (GDP), which is the value of all goods and services produced by a country or region, grew by 2.6 percent during the second quarter of 2017. The second estimate indicated the economy grew by 3.0 percent from April through June. Read More

Week of August 28, 2017

Optimism about possible pro-growth economic policies, including tax reform and deregulation, helped U.S. stock indices finish higher last week, reported Barron’s. It wasn’t all smooth sailing, though. Stocks bobbed up and down as investors’ optimism was weighted by concerns about a possible debt-ceiling battle and government shutdown. Read More

Week of August 21, 2017

While recent economic data releases were mostly positive, major indices retreated under perceptions of increased policy and geopolitical uncertainty. The Fed minutes on Wednesday showed a split committee, leaving the market unsure when the next rate hike will come, and a terror attack in Spain sent stock markets lower. Read More

Week of August 14, 2017

The possibility that verbal hostilities between the United States and North Korea could trigger geopolitical conflict had investors on the run last week. In the United States, the Standard & Poor’s 500 Index fell by 1.4 percent, the Dow Jones Industrial Average lost 1.1 percent, and the NASDAQ Composite finished 1.5 percent lower. Read More

Week of August 7, 2017

Since the start of the bull market in 2009, U.S. companies have been buying their own stock. Stock buybacks peaked during the first three quarters of 2016 and have dropped off sharply since then, reports Financial Times citing a report from Goldman Sachs. Read More

Week of July 31, 2017

As expected, the Federal Reserve left rates unchanged while hinting that the unwinding of the balance sheet will start “relatively soon”. The committee reiterated that the economy was growing moderately, supported by solid job growth and that inflation continues to lag expectations. Read More

Week of July 24, 2017

Earnings season is off to a good start with major indices up almost every day of the week. Additionally, the Bank of Japan’s decision to again push back the target date to reach its inflation goal and the ECB standing pat on stimulus pushed Asian and European exchanges higher. Read More

Week of July 17, 2017

Among the key economic releases last week, the JOLTs report revealed the about 429,000 people were hired in May, marking the biggest increase since March 2004.  Other data points were lower than expected. Inflation, and retail sales both produced fairly weak numbers that were below moderate expectations. Read More

Week of July 10, 2017

Markets weathered additional indications that global interest rates are moving higher while the world’s most powerful leaders met at the G20 meeting in Hamburg. Read More

Week of July 3, 2017

Prominent central bankers provided a slew of comments suggesting the cost of money is headed higher. The ECB’s Draghi, BoE’s Carney, BoC’s Poloz and BoJ’s Kuroda’s speeches at a central bank conference in Portugal last week carried a more hawkish tone than anticipated. Read More

Week of June 26, 2017

The S&P 500 Index broke out to all-time highs on Monday, only to be dragged down by the fall in oil prices. Monday’s gains were large enough to overcome the rest of the week and major markets finished higher. Read More

Week of June 19, 2017

Global markets stayed steady during a week where the Federal Reserve behaved as expected and surprised markets with acquisition news. The S&P 500 inched up 0.1%. The MSCI All Country World Index slid 0.5% and the Bloomberg BarCap U.S. Aggregate Bond Index edged 0.2% higher. Read More

Week of June 12, 2017

Geopolitics took center stage this week. The diplomatic crisis in Qatar, a terror attack in London, parliamentary elections in the United Kingdom, and former FBI director James Comey’s testimony all moved investment prices. Read More

Week of June 5, 2017

Global stock markets continued to hit new highs. The S&P 500 eclipsed its previous high and rose 1.0% for the week. Global stocks also hit new highs as the MSCI All Country World Index rose 1.1%. Read More

Week of May 30, 2017

Stocks set new 52-week highs this week. The S&P 500 and the global MSCI ACWI both reached new highs on Thursday, before declining slightly on Friday. For the week, the S&P 500 rose 1.4%, the MSCI ACWI climbed 1.1% and the Bloomberg BarCap U.S. Bond Aggregate remained unchanged. Read More

Week of May 22, 2017

While the week started with fresh new highs for the S&P, stock markets tumbled mid-week on concerns political allegations may disrupt reform agendas in the U.S. and Brazil. Read More

Week of May 15, 2017

Markets remained almost flat through the week as economic releases failed to trigger any significant reaction. The S&P 500 slid 0.4% while the MSCI All Country World Index (ACWI) eked out a 0.1% gain. The Aggregate U.S. Bond Index climbed 0.2%. Volatility remains historically low and investor complacency remains a risk. Read More

Week of May 8, 2017

Markets shrugged off the near certainty of a Federal Reserve rate hike in June and embraced the polling numbers pointing to Macron’s easy victory on Sunday. The S&P 500 rose 0.6% for the week. Global stocks, represented by the MSCI ACWI, rose 0.9%. Read More

Week of May 1, 2017

Strong corporate earnings and the bounce from French elections the previous weekend pushed global markets higher. The S&P 500 climbed 1.5% for the week. Read More

Week of April 24, 2017

In the thick of earnings season, markets swayed with a flurry of mixed reports from banks and industrials. For the week, the S&P 500 climbed 0.9%. The MSCI All Country World Index (ACWI), which includes U.S. and international stock markets, rose 0.6%, and the Bloomberg U.S. Aggregate Bond Index was unchanged. Read More

Week of April 17, 2017

Geopolitics, earnings and inflation news dominated the global investment environment this week. Read More

Week of April 10, 2017

During the past week, movement in the equity markets was largely dictated by the release of the minutes from last month’s Federal Reserve meeting. Two major themes stood out with the first being the gradual reduction of the Fed’s massive $4.5 trillion balance sheet. Read More

Week of April 3, 2017

Over the past week, the uncertainty surrounding President Trump’s policy-making has shifted to his ability to institute tax reform and establish infrastructure expenditures. While many investors expected a major sell-off on the fallout surrounding the failure of Trump’s healthcare bill in Congress, the markets unexpectedly closed the week on a positive note. Read More

Week of March 27, 2017

The week of March 20 began with fluctuation in the markets, as investors signaled signs of uncertainty in President Trump’s ability to pass legislature. Though market volatility has been at a historically low point, trends changed this past week when the NASDAQ Composite, S&P 500 and the DJIA fell 1.22%, 1.44% and 1.52%, respectively. Read More

Week of March 20, 2017

After a quiet beginning to the week, the markets reacted to the expected interest rate hike with stocks soaring and Treasury yields falling. According to the meeting, the Fed’s stance on further rate hikes has changed, taking on a more dovish stance with no more than two additional rate increases this year. Read More

Week of March 13, 2017

Equity markets remained calm for most of the week, digesting the employment report without much fanfare. According to Automatic Data Processing (ADP), a human resources and payroll company, private payrolls increased 298,000 against an expected 190,000. Read More

Week of March 6, 2017

Turning to the Federal Reserve, the members' hawkish tone pushed the probability of a rate hike in March from 36% to 80% as the market adjusted their expectations. On the data front, fourth quarter GDP missed expectations of 2.1% by coming in at 1.9%, but the impact was offset by better-than-expected inventory data and stronger consumer confidence. Read More

Week of February 27, 2017

In a short week with no major economic news, the focus for equity markets remained on a myriad of retail earnings calls at the end of the week. The Federal Reserve released the minutes from its January meeting but it didn't sway the markets one way or the other. It appears investors viewed the meeting as neutral with no new information given. Read More

Week of February 20, 2017

According to the economic data, it appears that overall activity in the U.S. has indeed increased, signaling that the Trump-driven optimism may be reaching the real economy. U.S. consumers are continuing to spend at a robust pace with both inflation and retail sales data coming in better-than-expected for January. Read More

Week of February 13, 2017

On Thursday, President Trump said he would announce a new plan for taxes in the weeks to come, renewing speculation that his policies would help boost economic growth. Overseas, China’s trade data handily beat expectations, lifting the share prices in commodity based industries across European markets as well. Read More

Week of February 6, 2017

It was a busy week with a mix of economic data releases and corporate earnings reports for the markets to digest. Contrary to public anticipation, the economic news was better than expected as pending home sales brought surprise on the upside, along with strong purchasing manager's index readings in the U.S. and Germany. Read More

Week of January 30, 2017

The Dow Jones Industrial Average dominated the market as better-than-expected earnings from its blue-chip stocks pushed the index above the historic 20,000 level, notching a 1.34% return last week. Read More

Week of January 23, 2017

Press conferences took center stage last week. The most interesting among them were President Trump’s inauguration speech, Fed Chair Janet Yellen’s speech at the Commonwealth Club and, of course, UK Prime Minister May’s Brexit speech. Read More

Week of January 16, 2017

Amidst strong earnings reports from the banking sector and stocks like Bank of America and JPMorgan Chase, the NASDAQ Composite notched a new all-time high late last week. Read More

Week of January 9, 2017

Global markets were up last week, extending the rally even further and providing a stark difference between the first trading weeks of 2016 and 2017. The Dow Jones Industrial Average, gaining just over 1% last week, inched towards the psychologically significant 20,000 mark, ultimately coming within a fraction of a point and hitting new all-time highs before retreating. Read More

Week of January 2, 2017

Investors skated into the New Year with relatively calm markets last week, all things considered. Looking into 2017, investors will be faced with a new U.S. President and a healthier job market, but concerns over stalling growth in Europe and China continue to weigh on sentiment. Read More

Week of December 26, 2016

The markets continue to rise sometimes pausing only to catch a breath. The Dow Jones Industrial Average (DJIA) touched a record high of 19,987.63 on December 20 and its quest for the 20,000 level continues. Read More

Week of December 19, 2016

The Federal Open Market Committee unanimously voted to raise the Federal Funds rate by 25 basis points to a range of 0.50%-0.75%. Chair Janet Yellen mentioned that the hike should be understood as the committee’s ‘vote of confidence’ in the economy and that progress is expected to continue. Read More

Week of December 12, 2016

The U.S. stock markets have surged to new all-time highs since the Presidential Election. The Dow Jones Industrial Average Index is up an astonishing 1,280 points since November 8 and more than 400 points since December 1. Read More

Week of December 5, 2016

Since the presidential election, the U.S. stock market has surged to fresh all-time highs while the bond market has suffered from the exact opposite. Read More

Week of November 28, 2016

The major U.S. indices hit record highs last week with the Dow Jones Industrial Average crossing the 19,000 mark for the first time in history and the S&P 500 topping its intraday high. Read More

Week of November 21, 2016

Gold is an important indicator of risk-aversion. The general environment over the past few weeks has moved from total despair to high optimism and the sentiment is clearly visible in the recent gold price movements. Read More

Week of November 14, 2016

Investors were in a risk-on mood following the election results with our domestic markets up more than 3.5% for the week. The NASDAQ Composite and S&P 500 indices were both up 3.8% while the Dow Jones Industrial Average was the clear outperformer, posting a 5.36% return for the week. Read More

Week of November 7, 2016

Crude inventories increased by a stunning 14.4 million barrels week over week against the market's estimate of 1 million barrels. It's the biggest jump in recent years and at 482.6 million barrels, stockpiles are approaching the upper limit of their average range this time of year. Read More

Week of October 31, 2016

According to data, the US economy grew at an annual rate of 2.9%, beating economists' expectations of 2.5% and hitting a two-year high. The majority of the growth was attributed to expansion in inventory investments and exports which overshadowed the pullback in consumer spending. Read More

Week of October 24, 2016

Investors enjoyed some positive momentum last week after suffering losses the week prior. All broad global benchmarks ended the week up at varying degrees. Read More

Week of October 17, 2016

Markets across the world retreated last week, giving up some of their year-to-date gains. Domestically, all three of the major indices closed last week in the red with the NASDAQ Composite the clear underperformer at -1.46% for the week. Read More

Week of October 10, 2016

Gold plunged 3.3% last Tuesday to settle $43 lower at $1,269.70 per ounce, its lowest since Brexit and its weakest week this year as the precious metal closed out last week down 4.5%. The week began with news of expansion of the US manufacturing sector as the September ISM manufacturing index improved to 51.5, better than the expected 50.4. Read More

Week of October 3, 2016

Global markets were dominated by continued bad news stemming from Germany's Deutsche Bank. Equities fell as a result with all three of our major domestic indices roughly neutral for the week, up less than 0.26%. Read More

Week of September 26, 2016

The markets began last week on a positive note, only to end a three-day progressive streak with Friday's dip. Despite the uncertainty injected into the markets by ever diverging central bank policies, equities were broadly up. Read More

Week of September 19, 2016

Markets were focused on the impending Federal Reserve meeting and, with no other macroeconomic news to push or prod investors, volatility returned after a record-breaking period of stability in our domestic markets. Read More

Week of September 12, 2016

We remarked in our previous weekly commentary that commercial banks have followed in their central banks' footsteps by instituting negative interest rates on their corporate clients' large deposits, effectively charging them to keep money at the bank. It didn't take long for corporations to follow suit. Read More

Week of September 5, 2016

All three major US indices bounced back last week after two weeks of mixed performance. The Dow Jones Industrial Average and NASDAQ Composite were up 0.52% and 0.59%, respectively, while the S&P 500 came in at 0.50% for the week. Read More

Week of August 29, 2016

According to the data, the world's largest oil companies are burdened with their highest debt levels all while oil prices remain stubbornly low. For context, Exxon Mobil, Royal Dutch Shell and Chevron have a combined net debt of $184 billion. This is more than double the amount the companies held in 2014. Read More

Week of August 22, 2016

US markets snapped a multi-week positive streak with the Dow Jones Industrial Average and S&P 500 down 0.13% and 0.01%, respectively. The tech-heavy NASDAQ Composite outperformed both to hold on to positive territory, posting a 0.10% return for the week. Read More

Week of August 15, 2016

The S&P 500, Dow Jones Industrial Average and the NASDAQ Composite all notched new, record-breaking highs last Thursday on rising oil prices and strong US retail earnings reports. For context, the last time all three major US indices all closed at record highs on the same day was in December 31st of 1999. Read More

Week of August 8, 2016

The US created 255,000 new jobs in July, blowing away economists' expectations of 179,000. The bulk of the creation came from the private sector with 217,000 jobs whereas the public sector created just 38,000. In addition, more people joined the workforce as measured by a labor force participation rate that inched up to 62.8% from June's 62.7%. Read More

Week of August 1, 2016

Nearly half of all stocks listed on the S&P 500 released their second quarter earnings last Friday. It's a bit of a mixed bag with the majority of companies beating analysts' average expectations, but the headline is that corporate earnings are expected to decline 3.8% from last quarter. Read More

Week of July 25, 2016

Equities continued moving higher this week and posted new all-time highs for the second week in a row. Both the Dow Jones Industrial Average and the S&P 500 eked out record levels by gaining just 0.3% and 0.6%, respectively. Read More

Week of July 18, 2016

Both the S&P 500 and the Dow Jones Industrial Average hit all-time highs last week amidst the backdrop of a stronger domestic job market and uncertainty stemming from global growth concerns, the Brexit and an attempted coup in Turkey. Read More

Week of July 11, 2016

Domestic markets ended last week's shortened trading session up again, continuing the positive momentum. The Dow Jones Industrial Average, S&P 500 and NASDAQ Composite were all up over 1% with the NASDAQ Composite leading the way at 1.94%. Read More

Week of July 4, 2016

Global markets were surprisingly positive last week as investors pushed equities higher following last Monday's continuation of selling pressure. The Dow Jones Industrial Average, NASDAQ Composite and the S&P 500 were all up over 3% with the NASDAQ Composite leading the way at 3.28%. Read More

Week of June 27, 2016

Last week was dominated by the Brexit results and global markets reacted with sharp selloffs. However, according to the FTSE 100, UK equities were actually up over 2% last week, their best performance in the last four months. Read More

Week of June 20, 2016

Europe was off for the week as the markets move into the last few days before the Brexit vote. Japanese equities, as measured by the Nikkei 225 Average, were down a staggering 6% following the Bank of Japan's decision to wait for additional monetary action until after the Britain's referendum. Read More

Week of June 13, 2016

Domestic markets­­­ were generally negative last week. The Dow Jones Industrial Average was up just 0.33% while the S&P 500 and the NASDAQ Composite were both down 0.15% and 0.95%, respectively. Read More

Week of June 6, 2016

The S&P 500 was approaching a seven-month high as investors heavily anticipated May's jobs report figures last Friday. However, the dismal report prompted our domestic markets to open down but ultimately close flat. Read More

Week of May 30, 2016

The domestic and international markets were broadly up, primarily driven by the boost in oil prices late last week. The S&P 500 and Dow Jones Industrial Average posted a 2.28% and 2.13% return, respectively, while the tech-heavy NASDAQ Composite bested both, returning 3.44% to investors. Read More

Week of May 23, 2016

The market eagerly awaited the Federal Reserve's minutes from April which offer a peak into how members of one of the world's largest central banks view the economy. Read More

Week of May 16, 2016

Stocks were generally down last week as a selling mood permeated the markets. Despite oil's strong performance and better-than-expected retail sales, domestic stock markets ended the week off. Read More

Week of May 9, 2016

Last week was tough for equity investors as the usual suspects of slowing global growth, volatile oil prices and uncertainty around central bank actions conspired against the markets. Adding to the mix was an array of U.S. GDP, trade and job growth data that was quickly parsed by the markets. Read More

Week of May 2, 2016

A trio of concerns conspired against markets and mired the momentum gathered over the past few weeks. Lackluster earnings, weak domestic economic data and a surprise by the Bank of Japan clipped equities in the back half of the week. Read More

Week of April 25, 2016

The US dollar has been weakening year-to-date and one of the more recent catalysts was disappointing data released by the US government that showed new home-building starts slowing for March. This is leading investors to believe that domestic and global conditions haven't improved to the point where the Federal Reserve will consider rate increases in the coming months. Read More

Week of April 18, 2016

US markets turned up last week and pushed year-to-date returns further into positive territory as investors reacted to corporate earnings and global economic data releases. Read More

Week of April 4, 2016

Domestic equity markets were pushed higher last week by dovish comments from the Federal Reserve and cooperative economic data that didn’t change expectations for future rate hikes. Read More

Week of March 28, 2016

Global markets were mixed last week. The US had a short trading week and all indices were off less than 1%, snapping a five-week positive streak. Read More

Week of March 21, 2016

Domestic stocks notched another positive week as investors appeared more willing to take on equity risks. All our domestic indices were up with the Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite Indices posting 2.21%, 1.33% and 0.98%, respectively. Read More

Week of March 14, 2016

Global stocks were mixed for the week, largely driven by the European Central Bank's move to cut rates further into negative territory. All our major domestic indices posted positive returns with the S&P 500 and the Dow Jones Industrial Average both up over 100 basis points at 1.09% and 1.19%, respectively. Read More

Week of March 7, 2016

Markets were generally positive last week as investors wrapped up February and headed into March. Last week was packed full of economic releases, pushing and pulling the markets every which way. The Fed's Beige Book, non-farm payrolls and PMIs were just a few that kept investors on their toes. Read More

Week of February 29, 2016

Global markets were mixed last week as various indices flipped back and forth from positive to negative territory. The S&P 500 was up 1.58% while the NASDAQ Composite and Dow Jones Industrial Average were both up 1.92% and 1.51%, respectively. Read More

Week of February 22, 2016

Last week's positive performance across global markets gave investors a chance to catch their breath and retest the waters. US stocks were up with the S&P 500 notching a 2.85% gain and the Dow Jones Industrial Average up 2.61%. Read More

Week of February 15, 2016

Markets turned down and stayed in the red last week as global growth concerns continue to weigh on market sentiment. Gold rallied while volatility spiked as investors digested the week's economic data and Central Bank policy decisions. Read More

Week of February 8, 2016

Investors were hoping for a fresh start to February given the previous tumultuous four weeks. Overall, the results were mixed. Read More

Week of February 1, 2016

Last week was a busy week in terms of data releases and news. Estimated US GDP, unemployment data and the Federal Reserve were just a few headlines that grabbed investors' attention. US indexes enjoyed another week in the black as domestic indexes surged on Friday. Read More

Week of January 25, 2016

The first three days of the market were ugly with US stock indexes falling more than 3% before regaining some ground. Despite the downward trend, news of possible Central Bank stimulus from Japan and the European Union as well as the bump in oil gave equities the much needed boost the end of the week. Read More

Week of January 11, 2016

2016 started off with more than fireworks and clinking champagne flutes as the first trading day of the year saw record-breaking volatility on the downside. Geopolitical events, a new low in oil and more evidence of slowing global growth conspired to push markets even further into the red. Read More

Week of January 4, 2016

Markets are typically quiet during the trading week between the Christmas and New Year’s holidays and this week was no different. The biggest headline occurred on the last day of 2015. Read More

Week of December 28, 2015

The Santa Claus rally was in full effect last week as equity markets soared in the holiday-shortened week. The S&P 500 jumped 2.8%, bringing the index back to even for the year. Read More

Week of December 21, 2015

Last Wednesday, the Federal Reserve enacted the most anticipated move in the history of monetary policy by passing a 25 basis point rate hike, its first in nearly a decade. In her post meeting press conference, Fed Chair, Janet Yellen, emphasized that the path of rate hikes would be gradual over the next three years. Read More

Week of December 14, 2015

The Federal Reserve and commodities conspired last week to make it one to forget. Equity markets collapsed, the U.S. dollar dropped, oil continued its slide and the junk bond market was thrown into turmoil. Read More

Week of December 7, 2015

The November jobs report from last Friday should put to rest the debate over whether or not the Federal Reserve is going to raise rates after its Open Market Committee meeting on December 15 and 16. During the month of November, U.S. employers added 211,000 jobs which was above consensus expectations. Read More

Week of November 30, 2015

The woes of active management in 2014 were well chronicled when a lack of dispersion made beating the benchmark extremely difficult. Dispersion has returned for 2015, but in an extreme form that has made besting the benchmark just as difficult. Read More

Week of November 23, 2015

History doesn’t repeat itself; it rhymes, so the saying goes. This is why financial regulators are growing increasingly concerned about the rise in subprime lending in the auto industry. Read More

Week of November 16, 2015

Stocks fell last week pushing major equity indexes to their first weekly decline in nearly two months. Investors turned skittish as expectations of a rate hike in December rose, and disappointing retail data and earnings were released. Read More

Week of November 9, 2015

No matter how you slice it, the October jobs report was strong. Non-farm payrolls added 271,000 jobs. This not only blew away the consensus estimates, but pushed the monthly average above 206,000 new jobs for 2015. Read More

Week of November 2, 2015

Last week the Federal Reserve released a statement after its October meeting. The committee didn’t move rates this month but it strongly hinted that one could be expected in DecemberRead More

Week of October 26, 2015

Central Banks coaxed the equity markets higher yet again this week. Hints of more easing from the European Central Bank and a surprise rate cut by the Bank of China pushed stocks higher in the back half of the week. Read More

Week of October 19, 2015

The first crop of corporate earnings and improving credit-market data from China boosted investor hope last week. Markets also rode the wave of diminishing expectations of a Federal Reserve rate hike in 2015. This pushed each of the major indexes 1% higher for the week, marking the third straight week of gains. Read More

Week of October 12, 2015

The “risk on” trade emerged in full force last week after investors dissected the release of the minutes of the Federal Open Market Committee. The S&P 500 rose 3.3%. The Dow Jones Industrial Average jumped 3.7%. Read More

Week of October 5, 2015

Friday saved the week when stocks moved from sharply down after a disappointing jobs report, to sharply higher by the end of the day. The S&P 500 and Dow Jones Industrial Average each advanced 1% for the week. Read More

Week of September 28, 2015

Late last week Fed Chair Janet Yellen presented a 40-page speech at the University of Massachusetts in Amherst. The speech was notable for two reasons. Read More

Week of September 21, 2015

Last week the Federal Reserve surprised several economist when it left short-term interest rates unchanged and cited weak global growth as a primary reason. Read More

Week of September 14, 2015

The flip-flop continues. Equity markets have bounced between gains and losses for the past ten weeks. Last week, a difficult start was reversed by Friday as investors welcomed more favorable jobs data. Read More

Week of September 7, 2015

Investors looking for a fresh start to the new month were disappointed last week even with some favorable economic news. The “good news is bad news” dynamic returned when Wall Street interpreted the jobs report on Friday as sign that the Fed is now more likely to raise interest rates when it meets in a little over a week. Read More

Week of August 31, 2015

Despite the rocky start, markets finished the week higher. The concerns about slowing global growth, led by China, spilled over from the previous week and pressured stocks lower on Monday and Tuesday. Read More

Week of August 24, 2015

In a week where Wall Street usually heads to the beach for vacation, traders were ambushed by a wave of volatility. The previous week’s devaluation of the Chinese yuan was followed by the release of poor Chinese manufacturing data that fueled concerns about slowing global growth. Read More

Week of August 17, 2015

Volatility returned to the markets last week when the Chinese central bank devalued its currency and enacted policies toward a more market-based exchange rate. Investors were already on edge about slowing economic growth after watching the plunge in oil, gold, industrial metals and the Chinese stock market. Read More

Week of August 10, 2015

Major markets returned to the red this week due largely to a continued slide in oil, disappointing earnings reports (particularly media stocks) and economic data that emboldened believers in a September rate hike. In fact, the Dow Jones Industrial Average posted losses each day last week, pushing its losing streak to seven consecutive days, the longest run in four years. Read More

Week of August 3, 2015

Most major markets rebounded last week as turmoil in Greece and China, and weak reports from earlier in earnings season, became distant memories. Additionally, weak wage growth and slower than expected GDP expansion added to the speculation that the Federal Reserve would leave rates untouched in September, and perhaps through the remainder of 2015. Read More

Week of July 27, 2015

Markets were walloped this week by a string of disappointing earnings releases, poor manufacturing data out of China and a clerical mistake at the Federal Reserve that leaked data showing internal forecast for slower domestic growth. Read More

Week of July 20, 2015

Private technology and healthcare companies continue attracting capital at a pace not seen since the era. According to Dow Jones VentureSource, venture capitalists invested nearly $19.2 billion during the second quarter of 2015. Read More

Week of July 13, 2015

Equity markets showed resilience last week. The perfect storm was brewing with continued drama surrounding the Greek bailout, Chinese equity markets continuing to collapse and software glitches that shutdown the New York Stock exchange, grounded flights at United Airlines and took the Wall Street Journal’s web page offline briefly. Read More

Week of July 6, 2015

The Greek people took to the voting booth on Sunday to overwhelmingly vote “no” to the recent round to austerity demands of the European Union and International Monetary Fund necessary for the next round of bailout funds. Shortly after the results of the election, Greek Finance Minister, Yanis Varoufakis resigned. Read More

Week of June 29, 2015

Over the weekend, Greece neared a default as negotiations continued between the Greek government and its creditors. While many investors are optimistic that Greece will eventually strike a deal, many believe the fallout can be largely contained to Greece and will not have a broad impact on financial markets. Read More

Week of June 22, 2015

Major markets were buoyed higher mid-week by dovish comments from the Federal Reserve only to give back most of the gains on Friday as concerns about a Greek default heightened. Read More

Week of June 15, 2015

Good domestic economic news was overshadowed by renewed concerns over the Greek bailout this week. After rising early in the week, most major indexes pulled back on Friday to end the week modestly higher. Read More

Week of June 8, 2015

Whether it was despite or because of equity, investors shrugged off positive economic news last week and sent equities lower and bond yields higher. The S&P 500 dipped 0.7%. The Dow Jones Industrial Average fell nearly 1%, while the NASDAQ Composite was essentially flat. Read More

Week of June 1, 2015

On Friday, the Commerce Department released its revised estimate for first quarter GDP growth. The economy retreated at a rate of 0.7%, well below the initial reading of 0.2% growth. This was still moderately better than the 1% decline expected by economists but represents the third quarter of contraction since mid-2009. Read More

Week of May 26, 2015

Investors clearly had upcoming cookouts on their mind last week given the mostly quiet trading heading into the long weekend. The S&P 500 and Dow Jones Industrial Average were essentially flat, and the Nasdaq Composite rose just 0.8%. Read More

Week of May 18, 2015

Heading into 2015, one of the few things financial experts agreed on was that volatility would pick up throughout 2015. So far, they have been correct. A broadly cited measure of volatility is the Chicago Board Options Exchange’s Volatility Index, better known as the VIX. Read More

Week of May 11, 2015

Major equity indexes made up the ground lost earlier in the week on Friday after the Labor Department’s Goldilocks jobs report and a surprise result in the U.K. elections. The S&P 500 rose 1.35% on Friday to finish the week essentially flat. The Nasdaq Composite was basically unchanged for the week. Read More

Week of May 4, 2015

The U.S. economy hit the brakes in the first quarter of 2015. On Wednesday, the Commerce Department reported that GDP expanded at just a 0.2% seasonally adjusted rate. This is a drastic slowdown from the 5% and 2.2% growth posted during the last two quarters. Read More

Week of April 27, 2015

Early last week, the housing market looked solidly on the mend when sales of existing homes rose to an 18-month high, increasing 6% to a seasonally-adjusted annual rate of 5.19 million homes. This represents growth of 10% year-over-year. Read More

Week of April 20, 2015

Last week, the Consumer Department released data showing an increase in spending for the first time in four months. Sales at retailers and restaurants jumped 0.9% to $441 billion in March, the biggest monthly gain in nearly a year. Read More

Week of April 13, 2015

U.S. companies are continuing the trend of returning cash to shareholders in 2015. Cash returned to shareholders through dividends and share repurchases topped $900 billion in 2014, and so far this year it is on pace to top $1 trillion. Read More

Week of April 6, 2015

Equity markets witnessed a tiny rise in the holiday-shortened week of trading. Both the S&P 500 and Dow Jones Industrial average inched just 0.3% higher. The Nasdaq composite slipped slightly, or 0.1%. Read More

Week of March 30, 2015

The euphoria felt after last week’s Federal Reserve meeting was overwhelmed by nervousness this week as equities erased nearly all of the gains posted last week. The S&P 500 collapsed 2.2%, the Dow Jones Industrial Average fell 2.3% and the technology-heavy Nasdaq composite was cut by 2.7%. Read More

Week of March 23, 2015

As expected, the U.S. Federal Reserve removed the word "patient" from its policy statement following the meeting of the open market committee this week. What wasn't expected were several revised forecasts that hinted the Fed eyes more slack in the economy that it previously had. Read More

Week of March 16, 2015

Equities continued retreating this week on the back of a strengthening dollar and falling energy prices. The S&P 500 fell just under 1%, the Nasdaq Composite dropped 1.1%, and the Dow Jones Industrial Average was clipped by a little more than half as much (0.6%). Read More

Week of March 9, 2015

Last week was a telling reminder of how addicted to easy money equity markets have become. A relatively uneventful week turned south quickly when a better than anticipated U.S. jobs report shifted expectations of a Fed rate hike to sooner rather than later. Read More

Week of March 2, 2015

It was a quiet week for markets. Economic data released throughout the week was mixed and mild enough to keep major domestic benchmarks largely unchanged. Outside of the U.S., equities fared better. Read More

Week of February 23, 2015

Markets continued rising this week and ended Friday at new highs. The S&P 500 rose 0.6%, the Dow Jones Industrial Average pushed 0.7% higher, and the Nasdaq Composite rose 1.3%. Read More

Week of February 16, 2015

Bulls stampeded this week as stronger fundamentals and easing geopolitical tensions aligned to send markets higher.The S&P 500 grew 2%, the Dow Jones Industrial Average rose 1.1% and the Nasdaq Composite jumped 3.2%. Read More

Week of February 9, 2015

The roller coaster ride continues as stocks soared this week and recovered ground lost at the end of January. The S&P 500 jumped 3% for the week while the Nasdaq Composite and Dow Jones Industrial Average rose 2.4% and 3.8%, respectively. Read More

Week of February 2, 2015

Stocks continued two familiar recent trends this week: increased volatility and continued weakness. The S&P 500 fell 2.77% for the week and is now down 3.10% year-to-date. The tech heavy Nasdaq Composite has fared better, declining just 2.13% and 2.58% for the week and year-to-date, respectively. Read More

Week of January 26, 2015

The move by the European Central Bank (ECB) sent markets higher last week during the holiday-shorted trading session. The S&P 500 rose 1.6%, the Nasdaq Composite jumped 2.7% and the MSCI World Index, which measures performance of developed countries, gained 2% as well. Read More

Week of January 19, 2015

Continued declines in oil and increasing concerns about slowing worldwide growth put more pressure on equities this week. The S&P 500 finished the week down 1.3% while the Nasdaq Composite and Dow fell similar amounts. Read More

Week of January 12, 2015

Many financial experts are calling for increased volatility in 2015 and the first full week of trading didn’t disappoint. The Dow Jones Industrial Average posted tripled-digit moves for each day of the week. Interest rates and oil prices were also unstable and midweek the 10-year Treasury rate dipped below 2%. Read More

Week of January 5, 2015

The markets ended an impressive year with a whimper. All major indexes finished the holiday shortened week down more than 1% on low volume. Read More

Week of December 29, 2014

The Santa Rally got off to a good start last week when the S&P 500 rose 0.9% to reach its 52nd record close of the year. The Dow Jones Industrial Average jumped 1.4% to cap off a 1,000 point rally in the past ten days. Even small caps joined the party. Read More

Week of December 22, 2014

Last week the Dow Jones Industrial Average jumped 3%, nearly recapturing the loss from the week prior. The S&P 500 also gained 3.4% to end to the week at 2,070 as investors shrugged off concerns of collapsing oil prices, a crumbling Russian economy and slowing worldwide growth. Read More

Week of December 15, 2014

After a long string of higher closes, the market finished lower last week with the Dow Jones Industrial Average dipping 3.8%. The S&P 500 fell 1.6% as well. Oil’s continued slide has investors worried as the jubilation over lower gasoline prices has subsided and concerns build around the negative ramifications of lower prices. Read More

Week of December 8, 2014

Last Friday, the Labor Department released the final jobs report in 2014 and it was the best posting since 1999. The U.S. economy added 321,000 jobs to nonfarm payrolls (topping consensus of 285,000), and the unemployment rate remained steady at 5.8% (down from 7% in November 2013). Read More

Week of December 1, 2014

Despite low volume during the holiday-shortened week, markets pushed higher thanks largely to continued improving economic data domestically. Gross Domestic Product (GDP) growth for the third quarter was revised up to 3.9%, which put the combined six-month rate at 4.25%, the best pace of expansion since 2003. Read More

Week of November 24, 2014

The trickle of weak international economic data continues. Japan started the week off with the surprise announcement that its economy officially slipped into recession with the second consecutive quarter of Gross Domestic Product contraction. Read More

Week of November 17, 2014

Equity markets were quiet last week but still made enough noise to reach a new record close. The S&P 500 ended the week up 0.38% and the Dow Jones Industrial average rose roughly the same amount. Read More

Week of November 10, 2014

Americans headed to the polls last week and handed the Republican Party the five seats it needed to secure a majority in the Senate. The GOP expanded its lead in the House too. This is good news for the markets. Read More

Week of November 3, 2014

Last week all eyes were on Janet Yellen as the Federal Open Market Committee (FOMC) agreed to end quantitative easing. The highly anticipated move put a halt to the experimental bond purchase program that nearly doubled the Fed’s balance sheet over the past five years to roughly $4.5 trillion. Read More

Week of October 27, 2014

Robert Hagstrom, author of the The Warren Buffet Way, often refers to investing as “the last liberal art.” He advocates casting a wide net and deploying intellectual curiosity broadly because investment wisdom and insight can be found around every corner. Read More

Week of October 20, 2014

Our good friend Mr. Volatility returned this week in a grand fashion, touching all asset classes. From peak to trough, the S&P 500 fell over 90 points in intraday trading, or nearly 5% within the span of 3 days. Read More

Week of October 13, 2014

Investors were forced to grit their teeth and hold tightly last week, as markets slid downward at the quickest pace seen since May 2012. The S&P 500 finished the week 3.14 percent lower, as investors grappled with lower economic growth forecasts and fears that upcoming third quarter corporate earnings reports will be significantly impacted by this slowing economic growth, in addition to a recent run-up in value of the U.S. dollar versus foreign currencies. Read More

Week of October 6, 2014

The financial markets continued to bounce hurriedly in different directions on different days last week. After suffering several consecutive days of decline, the S&P 500 rallied back furiously to finish out the week. Read More

Week of September 29, 2014

Volatility made a rare appearance last week as investors reacted sensitively to both positive and negative announcements. Conflict abroad sent shares downward at several points throughout the week, while encouraging economic readings salvaged some of the damage to end the week. Read More

Week of September 22, 2014

Central Bankers across the globe reiterated their dovish stances last week, and owners of U.S. markets were rewarded handsomely. The S&P 500 rallied 1.25 percent last week and set yet another price record on Friday. Read More

Week of September 15, 2014

For the first time in five weeks, U.S. equities finished a week with a loss. Investors exercised caution as U.S. interest rates reached their highest levels in several months. Markets appear to be once again positioning for a reversal in Federal Reserve policy that might result in key interest rates being raised for the first time since before the recession. Read More

Week of September 8, 2014

Investors continued to find reasons to remain optimistic last week, as the S&P 500 added another 0.22 percent and finished another week above 2,000. The week was highlighted by European Central Bank leader Mario Draghi announcing the much anticipated details of an asset purchasing program. Read More

Week of September 2, 2014

The S&P 500 pulled off the equivalent of a behind the back catch last month as it defied odds and accomplished the highly improbable. After threatening to finally record an official correction a few weeks prior as we faced geopolitical tumult and conflicting global economic conditions, the index rallied 3.77 percent, making this the best August in 14 years. Read More

Week of August 25, 2014

The markets once again set a new record high last Thursday, making it the 28th day this year that the S&P 500 closed at an all-time high. Investors cheered positive data on the U.S. housing market, while some of the most influential Central Bankers from around the globe made statements this week that ensured investors record low interest rates are in little danger of disappearing anytime in the immediate future. Read More

Week of August 18, 2014

Investors who are anticipating a long-awaited correction in the market were surely disappointed last week as stocks bounced back from their recent drawdown. The S&P 500 rallied over 1.2 percent last week, and now stands less than 2 percent below all-time highs established earlier this year. Read More

Week of August 11, 2014

Following swift moves lower throughout the previous weeks, the market mostly regained traction and weathered a choppy terrain to finish higher last week. The S&P 500 gained 0.33 percent with much of the week’s forward progress being achieved on Friday. Read More

Week of August 4, 2014

In what turned out to be the worst week for U.S. stocks in more than two years, the S&P 500 dipped 2.69 percent with the majority of the damage having taken place on Thursday. There doesn’t appear to be any sole catalyst for the decline, as investors were offered a plethora of reasons to turn negative. Read More.

Week of July 28, 2014

Investors weren’t quite sure which direction to head last week as the S&P 500 finished almost exactly where it began, having gained a miniscule 0.01 percent. Read More

Week of July 21, 2014

Israel’s invasion of Palestine, a Malaysian passenger aircraft shot down over Ukraine and unfriendly comments from Fed Chair Yellen on stocks. All of these events gave investors ample reason to send risky assets lower last week. Read More

Week of July 14, 2014

Fresh off the heels of an outstanding week for financial markets that set several record highs for stocks, investors ducked behind the bushes last week at the first sign of danger. Read More

Week of July 7, 2014

It was a short week on Wall Street due to the Independence Day holiday, but that didn’t prevent stocks from putting in a solid amount of work. Read More

Week of June 30, 2014

Despite the fact that 2014’s first quarter turned out to be one of the worst quarters in the history of the U.S. economy, stocks finished the week only 0.1 percent lower. Read More

Week of June 23, 2014

Stocks once again breached new territory last week, as the S&P 500 notched positive gains each of the five trading days and closed out Friday at a new all-time high of 1962.87. Read More

Week of June 16, 2014

Fresh off the heels of a stellar rally, stock prices paused underneath their all-time highs last week as conflicting economic data was released and turmoil erupted in the Middle East. Read More

Week of June 9, 2014

Another week, another record high for U.S. equities. The S&P 500 finished last Friday at 1949.44, the highest closing price in the history of the popular stock market index. Read More

Week of June 2, 2014

The month of May turned out to be great for investors. The S&P 500 gained yet another 2.1 percent during the month, broke through 1,900 for the first time, and brought the number of consecutive monthly gains for stocks to four. Read More

Week of May 26, 2014

The S&P 500 closed above 1,900 for the first time ever last week. Investors have had a long list of reasons to remain cautious this year, but the stock market has remained resilient as it marched to this new milestone. Read More

Week of May 19, 2014

Entering 2014, the majority of market experts predicted a rise in interest rates as the Federal Reserve continued on their path of removing stimulus. And when interest rates rise, prices of fixed income instruments move in the opposite direction. Read More

Week of May 12, 2014

Disparity was once again rampant in the world of stocks last week. The Dow Jones Industrial Average, which is mostly composed of stocks of large, established corporations, set all-time highs last week, all while once red-hot stocks of smaller companies continued to rapidly lose favor. Read More

Week of May 5, 2014

Stocks rallied once again last week, with the S&P 500 adding just under 1 percent and finishing just below all-time highs. These are mystifying times for the financial markets and overall economy as the Federal Reserve continues to move forward with their plans to decelerate their quantitative easing programs, but not in a way that will scare investors into thinking they’re pulling out too soon. Read More

Week of April 28, 2014

Last week the financial markets offered many different results for various investors. While the overall S&P 500 index officially declined about 0.1 percent on the week, stocks continued to move more on their own individual merits rather than in high correlation with one another. Read More

Week of April 21, 2014

Once again, investors witnessed a swift shift in sentiment last week as investors barreled back into stocks. Read More

Week of April 14, 2014

While there are certainly many factors that we could point to in order to rationalize the steep sell-off in stocks last week, it really came down to a simple shift in sentiment. Read More

Week of April 7, 2014

Despite a setback to finish the week, stocks continued to advance for the most part as the S&P 500 finished last week 0.4 percent higher. Read More

Week of March 31, 2014

With only one trading day remaining in the first quarter of 2014, stocks are primed to finish the first three months just about where they began the year. The S&P 500 was down 0.5 percent last week as investors juggled mixed economic readings and braced themselves for a potentially lackluster earnings season. Read More

Week of March 24, 2014

Despite no apparent resolution in sight from the Russia-Ukraine situation overseas and a misunderstood press conference by Federal Reserve Chair, Janet Yellen, stocks still managed to climb higher last week. Read More

Week of March 17, 2014

It certainly seemed that the Russia-Ukraine drama was short-lived two weeks ago when markets quickly rebounded following a harsh sell-off of risky assets. However, despite the initial rebound and achievement of new highs for the S&P 500, last week featured significant selling pressure on stocks. Read More

Week of March 10, 2014

It’s official, the weather has been bad this winter. So bad that, as pictured above, Niagra Falls froze over for the second time! While poor climate conditions across the majority of the United States has negatively affected the overall economy. Read More

Week of March 3, 2014

Despite a slew of poor economic reports last week, stocks marched higher to conclude the month of February. For the 48th time in just the last 12 months, the S&P 500 set a fresh all-time high, sending market bears reeling back into hibernation. Read More

Week of February 24, 2014

Although the S&P 500 being down a mere 0.1 percent might lead some to interpret last week as uneventful, the shortened week was actually ripe with interest on Wall Street. Read More

Week of February 18, 2014

The tremendous sprint stocks experienced to finish the week that ended February 7 carried over into last week as the S&P 500 rallied 2.4 percent making it the highest weekly gain so far this year. Read More

Week of February 10, 2014

After being roughed up and bruised to begin 2014, U.S. equities punched their way off the ropes last week, posting gains of at least 1 percent in consecutive days for the first time in over a year. Read More

Week of February 3, 2014

Expectations heading into 2014 by many investors were mostly high for stocks and low for bonds. Read More

Week of January 27, 2014

Stocks took a rare thumping last week as investors worried how severely recent problems in emerging markets would impact the global economy. Read More

Week of January 20, 2014

Investor behavior remained finicky last week as stocks mostly moved out of tandem with one another. Read More

Week of January 13, 2014

Wall Street investors wandered through the end of last week not quite sure what to make of the latest jobs report that was shockingly bad. Read More

Week of January 6, 2014

Following the best annual performance for the S&P 500 since 1997, investors waded cautiously into the New Year, as evidenced by the S&P 500 retreating 0.6 percent last week. Read More