Weekly Market Commentary
Market Commentary — September 5, 2023
Stocks rallied last week as economic data eased investor's inflation fears. The CME FedWatch tool now shows a 94% probability of no change in rates at the next September 20th Fed meeting. Stocks did post their first negative month in August, since February with the S&P 500 TR Index down 1.6%.
Market Commentary — August 28, 2023
Markets treaded water last week, reacting to many mixed signals re: the economy and the Fed's future path on monetary policy. Growth companies outperformed value, helped by a huge earnings beat by AI chipmaker Nvidia.
Market Commentary — August 21, 2023
Stocks retreated for the third consecutive week, as sentiment has turned negative due to a sharp increase in long-term bond yields and fears of a severe slowdown in China.
Market Commentary — August 14, 2023
Stocks were mixed last week in light end-of-summer trading. Investors were wrangling with positive news on the inflation front, while long-term rates continue to move higher.
Market Commentary — July 31, 2023
U.S. stocks ended the week higher, with the Dow posting its 13th consecutive gain on Wednesday, its longest winning streak since 1987.
Market Commentary — July 24, 2023
Markets advanced last week on hopes that the strong labor market, coupled with moderating inflation, will set the stage for a soft landing recovery that avoids recession.