Weekly Market Commentary
Market Commentary — March 13, 2023
All of 2023's market gains were erased last week as the side effects of rapid Fed tightening are starting to ripple through the financial system.
Market Commentary — March 6, 2023
Stocks regained some positive ground last week following their worst decline in months. Energy and materials shares were particularly strong. Our NDIV index gained 3.6% last week. The S&P 500 stayed above the 200-day moving average which was a boost to investor sentiment in a low-volume week.
Market Commentary — February 27, 2023
Stocks suffered their biggest decline in 10 weeks thanks to a cascade of upside inflation and growth news surprises. Inflation appeared to regain momentum in January, as the personal consumption expenditures (PCE) price index jumped 0.6% and December's figure was also revised higher.
Market Commentary — February 21, 2023
The major indexes ended the week mixed heading into the 3-day Presidents' Day holiday weekend. While there are signs of healthy economic growth and earnings are coming in better than expected, inflation trends took an unfavorable one-month turn.
Market Commentary — February 13, 2023
Markets gave back the previous week's gains in a light week for economic data, as investors wonder if markets have gotten ahead of themselves so far year-to-date.
Market Commentary — February 6, 2023
Most of the major indexes extended their winning streaks last week, thanks to strong economic data, fourth-quarter earnings, and encouraging signals from the Fed. The S&P 500 Index reached an intraday high of 4,195 on Thursday, its best level since late August.