The Shop is On

The equity markets continued their post-election gains, turning November into the best month of the year. For the week, the S&P 500 was +1.1%, the Dow Jones Industrials +1.4%, and the NASDAQ +0.8%. The Consumer Discretionary, Health Care, and Real Estate sectors led the market, while the Energy, Technology, and Materials sectors lagged. The 10-year […]

Not in a Hurry

Stocks gave back some of their post-election gains as concerns over the pace of interest rate cuts by the Federal Reserve emerged based on comments from Fed Chair Jerome Powell. For the week, the S&P 500 Index was -2.0%, the Dow Jones -1.2%, and the NASDAQ -3.4%. The Financial, Energy, and Utility sectors led the […]

Election Bump

Equity markets rose sharply after the results of the U.S. elections. Equity markets had their best week of the year with the S&P 500 +4.7%, the Dow +4.6%, and the NASDAQ +5.4%. All eleven sectors in the S&P 500 Index were positive for the week. The Consumer Discretionary, Energy, and Industrial sectors posted the strongest […]

Week of Weeks

Equity markets declined for a second week. For the week, the S&P 500 was -1.4%, the Dow -0.1%, and the NASDAQ -1.6%. Within the S&P 500 Index, the Communication Services and Consumer Discretionary sectors posted the only two weekly advances, while the Technology, Real Estate and Utility sectors saw the greatest declines. The 10-year U.S. […]

Investors Digest

The NASDAQ managed a weekly gain while the S&P 500 and Dow Jones indices declined last week. For the week, the S&P 500 was -1.0%, the Dow -2.7%, and the NASDAQ +0.1%. Within the S&P 500 Index, the Consumer Discretionary, Technology, and Communication Services sectors led the market. The Materials, Health Care, and Industrial sectors […]

Stocktober

The next few weeks should give investors a lot to digest. The third quarter earnings season is in full swing, there is a hotly contested election in 22 days, and the next monetary policy decision from the Federal Reserve is two days after the election. For last week, optimism won out and U.S. equity markets […]

Labor Force

Labor news had an impact on markets last week. The port workers went on strike on Tuesday and then back to work on Friday, and the September labor market report was well above expectations. Stocks labored most of the week before a relief rally on Friday. For the week, the S&P 500 was +0.3%, the […]

Tailwind

Stocks kept up their post-Fed meeting momentum last week. For the week, the S&P 500 was +0.6%, the Dow was +0.6%, and the NASDAQ was +1.1%. Within the S&P 500 Index, the Materials, Consumer Discretionary, and Industrial sectors led the market. The Health Care, Energy, and Financial sectors lagged. The 10-year U.S. Treasury note yield […]

Start of the Cycle

Stocks advanced as the Federal Reserve lowered interest rates by 0.50%. For the week, the S&P 500 was +1.4%, the Dow was +1.7%, and the NASDAQ was +1.4%. Within the S&P 500 Index, the Energy, Communication Services, and Financial sectors led the market. The Consumer Staples, Real Estate, and Health Care sectors lagged. The 10-year […]

Cut Day

Stocks rallied back last week in anticipation of an easing in monetary policy to be announced this week. For the week, the S&P 500 was +4.1%, the Dow was +2.6%, and the NASDAQ was +6.0%. Within the S&P 500 Index, the Technology, Consumer Discretionary, and Communication Services sectors led the market. The Energy, Financial, and […]