Our Commentary
Market Update: November 2nd, 2020
Of special near-term interest is the plight of U.S. tech companies, which have been the single bright light of 2020 for investors, and have led the S&P higher—puzzling many. In fact, it’s been a smaller group of tech giants that have led the market’s results, with the rest of the S&P showing far less impressive returns (including many high quality, dividend-paying stalwarts).
Market Update: October 26th, 2020
What’s the status of potential stimulus?
Following some optimism early in the week, the Senate was unable to come to an agreement, despite the relatively small monetary difference between the amounts proposed by House Speaker Pelosi, the Senate Republicans, and Treasury Secretary Mnuchin
Market Update: October 19th, 2020
Economic data for the week included strength in retail sales and consumer sentiment, regional manufacturing reports were mixed, while industrial production fell back. Producer and consumer inflation ticked up slightly, while jobless claims remain challenged.
Market Update: October 5th
U.S. stocks rebounded for the first time in a month. Better sentiment began Monday morning, as investors applauded the prior weekend comments from Congressional and Treasury leaders surrounding another round of fiscal stimulus.
Market Update: September 28th, 2020
Economic data for the week included a rise in durable goods orders and strong housing results, while jobless claims remained elevated.
Market Update: September 21st, 2020
By sector, energy, industrials, and materials led the way last week, up at least a percent each; communications, consumer stocks, and #tech all declined at least a percent. Reports of Federal Trade Commission anti-trust discussions about Facebook brought down sentiment. Commodities earned positive returns last week, with strength in energy and agriculture outweighing flattish returns elsewhere.
Market Update - September 14th, 2020
The Nasdaq experienced one of its quickest (3-day) -10% corrections in history during the shortened holiday week. Consumer sentiment took a hit as there's decelerating likelihood of a large Congressional #stimuluspackage before the election, as well as a pause in AstraZeneca’s Covid-19 vaccine trial.
Market Update - September 8th, 2020
Economic data last week included mixed but generally pointed to expansion for manufacturing and services releases, as well as a better-than-expected employment situation report for August.
Market Update - August 17th, 2020
Economic data for the week included further gains in retail sales, and industrial production, among other measures. Consumer sentiment and jobs results also showed improvement, all of which look to a stronger showing for the third quarter over the second.