Monthly Archives: January 2021

New Administration, New Records

Last Week: The stock market reached a new record high on Thursday, fueled by optimism over the Biden administration’s priorities of coordinating a national response to the COVID-19 pandemic, increasing payments to struggling individuals and businesses, and continuing expansive monetary policies. As was the case of most of 2020, the market remained more of a beauty contest than a valuation examination with the alluring tech stocks and the most speculative segment [...]

2021-01-25T12:02:08-06:00January 25th, 2021|

Mixed Bag

Last Week: It was a mixed bag of tricks and treats for stocks, with the S&P 500 suffering its worst decline since Halloween at -1.5%, while the Russell 2000 gained 1.5%, and 1827 advancing issues outnumbered 1402 decliners.  The dollar, gold, and interest rates were all largely unchanged. I guess you could call it a “quiet” week in the market. The economic data continued to soften, with Retail Sales for December [...]

2021-01-18T15:03:54-06:00January 18th, 2021|

What a Week

Last Week: Cheers! The Wall Street party raged on as the S&P 500 rose 1.8%, to 3824.68, Nasdaq Composite gained 2.4%, and the Russell 2000 surged 5.9%. It was the best start to a year for small caps since 1987 (causing a party on North Star Street). On the other hand, partygoers found a sober and somber setting on Bourbon Street, Rush Street, and other restaurant and bar hot spots. New [...]

2021-01-11T11:39:54-06:00January 11th, 2021|

The Ball Dropped

Last Week: If a ball drops in Time’s Square but the public is not invited, then is it still New Year’s Eve? In any event, the party on Wall Street raged on, with the S&P 500 gaining 1.43% to finish at a new record high. Profit-taking hit the small caps, as the Russell 2000 declined 1.45%, but still posted its best quarter ever. The dollar finished at a two-year low, gold [...]

2021-01-04T17:59:24-06:00January 4th, 2021|
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