Archive For: Weekly Market Updates

Investment Market Update On a Shortened Week July 7, 2020 Stocks rose last week in response to encouraging economic data. While new cases of COVID-19 have caused some states to begin restricting activities again, undeniably strong data seemed to win out in markets. Manufacturing, housing, and hiring all returned results beating expectations, propelling equities to ... Read More
 
Investment Market Update Markets Pump the Breaks June 30, 2020 Markets fell this week as new cases of Covid-19 have sprung up in the U.S. and around the world. Anxiety at the increasing infection rates dragged on stocks, driving the S&P500 to finish near two week lows. Encouragingly, durable goods orders came in above expectations, ... Read More
 
Investment Market Update The Pessimists VS the Optimists June 24, 2020 Markets regained some ground this week as new economic data provided encouraging insight into the economic recovery. Retail sales, manufacturing, and housing data released this week all produced improvements, each vastly outperforming consensus expectations. Recent surges in economic activity have provided a flash point ... Read More
 

The Fed Crashes the Party

Markets fell this week as the Fed injected some harsh truth into the conversation around the economic recovery under way. In its press conference on Wednesday, Fed Chair Powell stressed that while the May jobs numbers are certainly a positive development and that the economy has likely already hit bottom, it’s unlikely that the recovery ... Read More
 

Jobs, Jobs, and More Jobs

Markets rose dramatically this week as May employment data shocked analysts. Context needs to be given to fully appreciate how surprising Friday’s numbers were; no one anticipated the employment numbers released on Friday. And by no one, that means literally no one. Bloomberg survey analysis shows that not a single economist predicted a positive number, ... Read More
 

The Ascent Continues

Markets rose again this week as several indicators returned better-than-expected economic data. U.S. states have continued to permit further non-essential business openings in spite of Covid-19, helping to support broader optimism. Equities finished the week up after durable goods orders beat expectations. Financials led the S&P sectors this week, finishing ahead of industrials and real ... Read More
 

Markets Climb on Economic Data

Markets rose this week as several indicators returned better-than-expected economic data. U.S. states have continued to permit further non-essential business openings in spite of Covid-19, helping to support broader optimism. Equities finished the week up after PMI numbers, building permits, and oil inventories all beat expectations. Industrials led the S&P sectors this week, finishing ahead ... Read More
 

What Comes Next

Markets fell this week as the Fed sounded a warning concerning economic developments. In positive news, U.S. states have continued to permit further non-essential business openings in spite of the continuing Covid-19 threat. Equities finished the week down after mixed economic data and the Fed prompting caution. Healthcare led the S&P sectors this week, finishing ... Read More