Market Commentary

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Market Commentary

Weekly Market Commentary 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. After a recent rally, oil fell sharply, dropping 7% last week. Read more

Market Commentary

Weekly Market Commentary April 17, 2017

Geopolitics, earnings and inflation news dominated the global investment environment this week. While earnings news was generally positive, higher geopolitical risk and inflation helped push U.S. markets lower. The S&P 500 fell 1.1% through Thursday and the Dow Jones Industrial Average dropped 1.0%. The NASDAQ slid 1.2%. Read more

Market Commentary

Weekly Market Commentary 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. The second is that certain members of the central bank have begun voicing concerns over current stock valuations, noting that prices across domestic and emerging markets equities are quite high. Read more

Market Commentary

Weekly Market Commentary 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

Market Commentary

Weekly Market Commentary 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 legislation. 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

Market Commentary

Weekly Market Commentary 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

Market Commentary

Weekly Market Commentary: 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. This was the strongest monthly increase in nearly three years.

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Market Commentary

Weekly Market Commentary March 6, 2017

The highlights of the past week were speeches from President Trump and Fed Reserve policymakers. Donald Trump made infrastructure a key tenet in his first speech to Congress. Despite lacking specifics, the speech did not stop the market from breaking the psychological 21,000 for the Dow Jones Industrial Average and 2,400 for the S&P 500. Both indices were up last week, notching a 0.88% and 0.67% return, respectively. Read more

Market Commentary

Weekly Market Commentary 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

Market Commentary

Weekly Market Commentary February 21, 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