Market Commentary

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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

Market Commentary

Weekly Market Commentary February 13, 2017

Despite a flat outlook on the market this week, President Trump was able to evoke a bullish sentiment, propelling all three major U.S. indices to new highs late in trading session. The S&P 500 ended the week up 0.81%, bested by the Dow Jones Industrial Average and the NASDAQ Composite which were up 0.99% and 1.19%, respectively. Read more

Market Commentary

Weekly Market Commentary 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

Market Commentary

Weekly Market Commentary 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. The benchmark held above that level going into the weekend, propelled by improved sentiment over Trump’s pro-growth initiatives. In addition, a more optimistic outlook from companies suggested that the U.S. economy is potentially in better shape than previously estimated. Read more

Market Commentary

Weekly Market Commentary 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. While the U.S. equity market remained muted for most of the shortened week, fluctuations in currencies, including the U.S. dollar and British pound, were noteworthy. Read more

Market Commentary

Weekly Market Commentary January 17, 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. The index, heavy in financials, was up 1% the second week of January. In other news, retail sales in the U.S. were up 0.6% in December, led by car sales and gasoline but were roughly flat when excluding purchases at dealerships and the gas pump. Read more