Small-Caps Are Finding Their Footing The bounce back rally continued for a second week, with mega caps back in favor as the S&P 500 advanced +1.8%, and the Nasdaq gained nearly +2%. Small-caps continued to lag the field, with the Russell 2000 slipping -0.4%. On...
Outbreaks and New Rates In our previous commentary, “War-Torn Week”, we adapted the blues song “Stormy Monday” to describe the tone of the market. We expressed our belief that in the upcoming week that the war would be the primary determinant of the direction of...
Carnage Continues The market definitely sang the blues as the Dow Jones Industrial Average notched its fifth consecutive week of losses, down 2%, while the S&P dropped 2.9%, the Nasdaq slid 3.5%, and the Russell 2000 declined 1.06%. It was a worn-torn Monday And...
Historical Impacts of Military Conflicts on Equity Markets While recognizing that the future of humanity has been permanently altered by Russia’s invasion of Ukraine, our commentary will remain focused on the stock market and economy during this crisis rather than on...
Volatility Persists The disconnect on Thursday and Friday between the heartbreaking geopolitical developments and the euphoric reaction on Wall Street was startling. At the close of trading Friday, with bloody battles raging in Ukraine, the major indexes had rallied...
Convinced and Concerned For both the Winter Olympics and the market there were many exciting spins and twists during the week, but the stock market took a nasty spill on the slippery ice of the quad combo of geopolitics, economic reports, corporate earnings, and...
Rams Brought It Home If the trading week had ended at lunch on Thursday, then we could have cheerfully turned our attention to the Rams, Bengals, and Snoop Dogg. St. Louis Fed President James Bullard, perhaps still upset that the Rams had moved to Los Angeles, threw...
Meta's Face Plant The S&P 500 and Nasdaq Composite bounced back to post their best weekly gains in 2022, advancing 1.5% and 2.4% respectively. Small caps joined the party with the Russell 2000 rising 1.7% although still down 10.8% for the year and 18.0% since...
All about AAPL The selling from the previous week intensified Monday morning with tech stocks bearing the brunt of the pain as the Nasdaq plummeted 4.90%. During afternoon trading all those losses plus another 0.6% were recouped, representing one of the biggest...
Vicious Cycle The stock market suffered its worst losses in nearly two years with the declines on Friday sending the S&P 500 tumbling below its 200-day moving average, a key technical support level. It marked the third straight week of losses, with the S&P...