Category: Weekly Market Commentary

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    Market Commentary: A More Positive 2023

    Market Commentary

    Market Commentary: A More Positive 2023

    A More Positive 2023 Stocks continued to move higher last week, with the Dow back above 34,000 and officially closing at a new seven-month high along the way. After energy led the rally, several other sectors, including financials, health care, materials, and industrials are now participati …

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    Market Commentary: A Big Bounce

    Market Commentary

    Market Commentary: A Big Bounce

    On the heels of a huge month for stocks in October, the bull continued to soar in November, as the S&P 500 had its best week since June and the NASDAQ had its best week since March. Sparking much of the rally was news that inflation has likely peaked and is finally slowing. We’ll discus …

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    Market Commentary: A Dovish Statement Reversed by a Hawkish Powell

    Market Commentary

    Market Commentary: A Dovish Statement Reversed by a Hawkish Powell

    As expected, the Federal Reserve raised the federal funds rate by 0.75% to the 3.75-4% range on Wednesday. This was the fourth successive 0.75% hike. The initial market focus was on a new line inserted in the official statement, wherein the Fed nodded in the direction of decelerating the pa …

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    An Incredible Month for the Markets

    Market Commentary

    An Incredible Month for the Markets

    Stocks ended another strong week, continuing the trend of buyers stepping up in October. Several years have seen October kill off bear markets, and 2022 may join that list. In fact, the only two years that started off worse for the S&P 500 than 2022 were 1974 and 2002, and both of those …

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    Market Commentary: The October Bounce Continues

    Market Commentary

    Market Commentary: The October Bounce Continues

    Stocks had a solid week, gaining nearly 5%. The jump was sparked by rumors on Friday that the Federal Reserve will raise rates by 75 basis points in November and then consider smaller hikes going forward. The market has priced in an extremely hawkish Fed, and any slight tilt to a more dovis …

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    Market Commentary: The Case for the Formation of a Major Low

    Market Commentary

    Market Commentary: The Case for the Formation of a Major Low

    We’ll get to the disappointing inflation data next, but Thursday morning had a pure panic feel to it — potentially the washout that is needed for lows to form.

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    Market Commentary: Did the Lows Just Take Place? Maybe.

    Market Commentary

    Market Commentary: Did the Lows Just Take Place? Maybe.

    October is known as a bear market killer, as many bear markets have ended during this month. Some of the most famous were the 1974 and 2002 bears, which both ended within the first two weeks of October. Those bears were down more than 48% and 49%, respectively, when the ultimate lows took p …

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    Market Commentary: October Is Misunderstood

    Market Commentary

    Market Commentary: October Is Misunderstood

    October Is Misunderstood Good riddance to September, as both stocks and bonds had another rough month. When it was all said and done, the S&P 500 fell 9.3% for the worst September since 2008 and one of the worst ever. For the quarter, the S&P 500 lost 5.3%. That was the third consec …

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    Market Commentary: Things Are Bad, and That Could Be Good

    Market Commentary

    Market Commentary: Things Are Bad, and That Could Be Good

    Stocks had another rough week. The S&P 500 flirted with the June lows and swung back into bear market territory. Investors are worried about inflation, the Fed, the economy, the Russia-Ukraine war, among other market challenges.

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    Market Commentary: Wake Me Up When September Ends

    Market Commentary

    Market Commentary: Wake Me Up When September Ends

    The popular Green Day song titled “Wake Me Up When September Ends” feels quite appropriate given the recent market volatility. In fact, the S&P 500 has now dropped at least 3% for three of the past four weeks. As we’ve noted in this commentary, stocks tend to be quite volatile and poten …

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