Last Week: Enthusiasm over progress on trade negotiations early in the week, gave way to concerns over a myriad of geopolitical concerns (Turkey, Italy, Iran, Spain, Venezuela, Brazil, North Korea), leaving the equity markets fractionally higher by the close on...
Last Week: The Ten-Year Treasury yield moved comfortably over 3%, rising 10 basis points to levels not seen since 2011, without any reaction from the stock market, as the S&P 500 declined a modest 0.54%. Smaller stocks continued their recent outperformance, with...
Last Week: Following up on the theme from our last blog, the TIDE rolled in for four of the five trading days, and the S&P 500 finishing 2.4% higher. On the positive side, the trade talks moved towards deal making, as speculation grew that the Chinese are prepared...
Last Week: We are coining a new acronym, “TIDE” (Trade, Inflation, Debt, Earnings), to describe the movement in the market. Trade continued to be a powerful force, triggering a steep sell-off on Thursday as the delegation to China made little progress. Inflation...
Last Week: Tuesday was a tough day, with the S&P 500 sliding 1.3% and the yield on the Ten-Year Treasury topping 3% inter-day. The rest of the week, the stock market made up those losses to finish unchanged, and the Ten-Year Treasury also finished where it...
Last Week: Rising interest rates, rising corporate profits, and company specific news, were the three main drivers in the market, which finished modestly positive as the S&P 500 posted a 0.52% gain. The Ten-Year Treasury yield jumped 12 basis points to 2.95%, its...
Last Week: The short story is that the S&P 500 gained 1.99%, as easing trade tensions with China, strength in the Energy sector, and the outset of a very strong earnings season provided the backdrop. The long story is that each day exhibited volatile swings, with...
Last Week: It was a turbulent week in what is developing into a volatile year in the stock market. In fact, we have already had more than three times as many days of 1% or more changes in the S&P 500 this year than we had in all of 2017. Additionally, all the...
Last Week: A rally on Thursday capped off a volatile holiday-shortened week, and left the equity indices in the green, with the S&P 500 posting a 2.03% gain. Technology stocks drove most of the swings, as the debate raged between the the sector sell-off being...
Last Week: It was quite stormy in Washington and on Wall Street, as it was the worst week for the stock market since January 2016, with the S&P 500 declining almost 6%. Early in the week it was the technology stocks that fared the worst, with the disclosure that...