Virus Fears Spark Global Retreat from Equities

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Markets fell again this week as global leaders rushed to control the impact of the Coronavirus. Utilities led the S&P sectors for the third consecutive week, finishing ahead of consumer discretionary and consumer staples to round out the strongest sectors. Markets are still anxiously awaiting developments regarding the spread of the Coronavirus. New cases have … Read more

The World Holds Its Breath on the Coronavirus

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Markets fell this week as the world tries to contain the spread of the Coronavirus. Utilities led the S&P sectors for the second consecutive week. Finishing ahead of Real Estate and Technology to round out the strongest sectors. Markets are anxiously awaiting developments regarding the spread of the Coronavirus as some experts fear that the … Read more

Phase One Complete

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Markets rallied this week as all major equity indices returned strong gains. Utilities led the S&P sectors, finishing ahead of Technology and Materials to round out the strongest sectors. Markets cheered as U.S. economic data impressed and the long awaited U.S. – China “phase one” trade deal was signed. European indices returned solid gains this … Read more

Markets Breathe a Sigh of Relief

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Markets proceeded cautiously this week, with major equity indices either returning gains or slight losses. Technology took the lead, finishing ahead of communications and healthcare to round out the strongest sectors. Geopolitical tensions dominated the stage this week, as markets nervously awaited developments between the U.S. and Iran. Markets recovered as the risks of further … Read more

Off to to the Races for 2020

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Markets finished mixed in the first week of 2020, with major equity indices only deviating slightly from the prior week. Industrials took the lead, finishing ahead of energy and technology to round out the strongest sectors. Due to the shortened holiday trading week, markets had a comparatively calm week. Volumes and volatility should pick back … Read more

Global Indices Rally As U.S. And China Agree To Phase One Trade Deal

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U.S. markets finished up for the week, leading to fresh all time highs in the S&P 500. The technology sector took the lead, finishing ahead of consumer discretionary and financials to round out the strongest positive sectors. Markets breathed a cautious sigh of relief as the first news of an agreed upon “phase one” trade … Read more

Weak Manufacturing Data Worries Investors

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Stocks fell for the third consecutive week as economic slowdown concerns worried investors. On Tuesday, the ISM Manufacturing Index fell further into contraction territory with a reading of 47.8, its lowest level since 2009. This was the sixth straight monthly decline for the Index as weakening global growth and uncertainties surrounding trade tensions have created … Read more

Global Stimulus and Strong Data Extend Market Winning Streak

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Markets continued to claw back August’s losses following a supportive global central bank announcement and stronger than expected economic data. On Thursday, the European Central Bank (ECB) cut its key interest rate from -0.4% to -0.5% and announced a new bond-buying program in hopes to stimulate the eurozone. Beginning November 1, the ECB will purchase … Read more