2019.07.15 Market Commentary

Greetings: All three major indices closed the week in the positive, with the Dow leading the way up 1.5%, the S&P 500 adding 0.8% and the Nasdaq gaining 1.0%. During testimony on Capitol Hill, Fed Chairman Powell signaled a pending interest rate cut, citing trade tensions and concerns around the...
Read More

2019.06.26 Market Commentary

The major indices all finished last week with gains of over 2%, with the Dow +2.4%, the S&P 500 +2.2%, and the Nasdaq +3.0%. Last week’s results extended the market’s strong run in June, which has seen stocks recover in the wake of May’s steep decline. US stock indexes jumped more than 1% ...
Read More

Market Commentary, 05/28/19

The major indices closed lower last week as the US-China trade uncertainty continues, with the Dow -0.7%, the S&P 500 – 1.2%, and Nasdaq -2.3%. Thursday saw a large swing in the Dow, as it dropped as many as 449 points in morning trading, but rallied into the afternoon to close just 286 po...
Read More

Market Commentary, 05/21/19

Stocks had a rough start last Monday as the latest escalation in the US-China trade war weighed on the market, and they remained choppy throughout the week. Later in the week tensions eased, stocks bounced back, and the major indexes ended the week with modest weekly declines: Dow -0.8%, the S&P...
Read More

Market Commentary, 05/14/19

A rally late Friday afternoon pulled the indexes back from their worst weekly declines since the end of last year as the trade tensions continued to escalate. The Dow had a rollercoaster ride, with an intraday spread of 550 points from top to bottom, to finish the day up 114 points. Even with the ra...
Read More