Market Commentary — November 28, 2022

Markets rallied in a shortened Thanksgiving trading week, with the S&P 500 Index finishing above the 4000 level for the first time in two months. Positive earnings reports in retail and tech and signs that the Fed is going to slow the pace of rate increases, helped market sentiment.

Market Commentary — November 28, 20222022-11-28T00:56:19+00:00

Market Commentary — November 21, 2022

Stocks gave up some ground this week after last week's inflation-data-infused rally. Growth stocks lagged value shares. Energy shares sold off on peak inventory levels for oil and gas in Europe.

Market Commentary — November 21, 20222022-11-19T21:11:14+00:00

Market Commentary — November 14, 2022

What a difference a good CPI print can make! Markets celebrated Thursday morning's release of the Consumer Price Index data for October. Headline CPI rose 0.4% in October, which was less than consensus expectations for a 0.6% increase, which plots CPI at 7.7% year-over-year.

Market Commentary — November 14, 20222022-11-12T21:02:33+00:00

Market Commentary — November 7, 2022

Markets initially rallied on Wednesday after the Fed statement indicated it might slow down its pace of rate increases, only to reverse after some hawkish comments in the press conference. As expected, the committee raised rates by 75 bps.

Market Commentary — November 7, 20222022-11-06T21:06:58+00:00

Market Commentary — October 31, 2022

Last week was a tale of two markets, with gains for the DJIA putting it on track for its best October ever with its fourth positive week in a row, while mega-cap tech names took a beating reminiscent of the dot-com bust of the early 2000s.

Market Commentary — October 31, 20222022-10-29T20:24:11+00:00

Market Commentary — October 24, 2022

Stocks regained some upward momentum last week, as investors reacted positively to earnings reports and hints that the Fed might moderate its pace of interest rate increases. The S&P 500 experienced its largest weekly gain in four months, while the DJIA posted its third consecutive week of gains.

Market Commentary — October 24, 20222022-10-22T21:01:51+00:00

Market Commentary — October 17, 2022

As third-quarter earnings season gets underway, markets were mostly lower last week as investors digested the latest inflation data and its implications for Fed policy. Defensive sectors like healthcare and consumer staples outperformed, while consumer discretionary and communication services lagged, dragged down by names like Amazon, Meta, and Tesla.

Market Commentary — October 17, 20222022-10-15T21:31:42+00:00

EQM Indexes 3Q 2022 Market Review

The S&P 500 Index fell its third consecutive quarter for the first time since the global financial crisis more than a decade ago. Last year the Fed believed that inflation was “transitory”, but that has proven not to be the case.

EQM Indexes 3Q 2022 Market Review2022-10-13T17:42:46+00:00

Market Commentary — October 10, 2022

For the first time in four weeks, stocks ended higher but gave back early week gains as Friday's jobs data was deemed "too strong" to satisfy a hawkish Fed. Energy was the standout sector performer this week, as OPEC decided to cut global production.

Market Commentary — October 10, 20222022-10-10T16:27:20+00:00

Market Commentary — October 3, 2022

Turmoil in UK financial markets and lack of confidence in hawkish Fed actions sent stocks to their third consecutive weekly decline for the first time since 2009. The S&P 500 Index broke below its mid-June lows, retreating to November 2020 levels. And the 10-year Treasury breached 4% for the first time since 2008.

Market Commentary — October 3, 20222022-10-10T16:27:03+00:00
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