Weekly Commentary
This Week on Wall Street - Week of March 25th
Wall Street experienced cautious trading to kick off the shortened trading week. The Federal Reserve's preferred inflation report, the PCE index, is at the forefront of investors' minds, due on Friday when markets are closed.
moreLast Week on Wall Street - March 23th, 2024
S&P 500: 2.29% DOW: 1.97% NASDAQ: 2.85% 10-YR Yield: 4.20%
moreThis Week on Wall Street - Week of March 18th
Equity markets kicked off the week on a strong note, rebounding from previous weeks' sluggish performance, particularly within the mega-cap sector.
moreLast Week on Wall Street - March 9th, 2024
S&P 500: -0.13% DOW: -0.02% NASDAQ: -0.70% 10-YR Yield: 4.30%
moreThis Week on Wall Street - Week of March 11th
It's a data-packed week after a stronger-than-expected jobs report last Friday. Equities opened up lower while bonds were little changed.
moreLast Week on Wall Street - March 8th, 2024
S&P 500: -0.26% DOW: -0.93% NASDAQ: -1.31% 10-YR Yield: 4.07%
moreThis Week on Wall Street - Week of March 4th
Markets struggled to gain traction to start the week as traders are awaiting the flood of jobs data and Fed speak. Jerome Powell is speaking twice during the week and is expected to hold the line on his recent no rush to cut message. However, if we get much cooler labor market data, it would reinforce market bets for a cut in the Summer.
moreLast Week on Wall Street - March 2nd, 2024
S&P 500: 0.95% DOW: -0.11% NASDAQ: 1.74% 10-YR Yield: 4.18%
moreThis Week on Wall Street - Week of February 26th
Nearly all asset classes saw small moves to start the week as traders waited for key economic data and Fed Speak. After hotter-than-expected inflation readings from the CPI report earlier in the month, many will be watching the PCE index numbers on Thursday for more insight into the reflation threat.
moreLast Week on WallStreet - February 24th, 2024
S&P 500: 1.66% DOW: 1.30% NASDAQ: 1.49% 10-YR Yield: 4.26%
moreThis Week on Wall Street - Week of February 20th
Stocks faltered out of the gates as investors continued to price in less conviction on rate cuts over 2024. Just a few weeks ago, bets on lower rates were at the forefront of minds until hotter-than-expected economic data began to re-adjust those expectations.
moreLast Week on WallStreet - February 17th, 2024
S&P 500: -0.42% DOW: -0.11% NASDAQ: -1.34% 10-YR Yield: 4.29%
moreLast Week on WallStreet - February 10th, 2024
S&P 500: +1.37% DOW: +0.04% NASDAQ: +2.31% 10-YR Yield: 4.19%
moreLast Week on WallStreet - February 3rd, 2024
S&P 500: +1.38% DOW: +1.43% NASDAQ: +1.12% 10-YR Yield: 4.03%
moreThis Week on Wall Street - Week of January 30th
Stocks are having another strong week as the S&P 500 hit new highs yesterday propelled by robust performances out of mega caps. As the week unfolds, investor attention is keenly focused on the upcoming earnings reports from tech giants, particularly Alphabet and Microsoft, which are slated to release their financial results post-market.
moreLast Week on WallStreet - January 27th, 2024
S&P 500: 1.06% DOW: 0.65% NASDAQ: 0.94% 10-YR Yield: 4.16%
moreThis Week on Wall Street - Week of January 22nd
After breaking to all-time highs, stocks edged slightly higher to start the new trading week. This bullish sentiment is fueled by robust economic indicators, despite concerns that the market's rapid ascent might have run too far, too fast.
moreLast Week on WallStreet - January 20th, 2024
S&P 500: 1.17% DOW: 0.72% NASDAQ: 2.26% 10-YR Yield: 4.15%
moreThis Week on Wall Street - Week of January 16th
Coming off a rebound last week, markets started the shortened trading week on a more uneven footing. Bond yields rose and stocks fell on thoughts that anticipation of Fed cuts have gone too far.
moreLast Week on WallStreet - January 13th, 2024
S&P 500: 1.84% DOW: 0.34% NASDAQ: 3.09% 10-YR Yield: 3.95%
moreThis Week on Wall Street - Week of January 9th
After a shaky first week in markets, we started the week on a positive footing with tech surging on Monday. Still, our Newton models show deterioration for the second straight week across broad markets. A hotter-than-expected labor market, overbought conditions, and a heavier supply of debt from corporations and the government are all likely causes.
moreLast Week on WallStreet - January 6th, 2024
S&P 500: -1.52% DOW: -0.59% NASDAQ: -3.25% 10-YR Yield: 4.04%
moreThis Week on Wall Street - Week of January 2nd
Happy New Year! As we turn the page on the calendar, stocks' scorching rally is beginning to sputter as we kick off the trading week. The darlings of last year, such as the magnificent 7, are faltering the most.
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