Market Commentary

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Market Commentary

Weekly Market Commentary June 18, 2018

Announcements by government officials led market news last week. The Fed announced another rate hike, a judge approved the AT&T-Time Warner merger, and the Trump administration announced sanctions against Chinese goods. The net impact on markets was minimal. The S&P 500 was basically unchanged. The global MSCI ACWI dropped 0.4%, and the Bloomberg BarCap Aggregate Bond Index rose 0.1%.

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Market Commentary

Weekly Market Commentary June 11, 2018

Strength in consumer stocks led markets higher last week. The S&P 500 rose 1.6%. The global MSCI ACWI increased 1.2%, and the Bloomberg BarCap Aggregate Bond Index edged 0.2% lower.

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Market Commentary

Weekly Market Commentary June 4, 2018

The two big news items last week were a strong U.S. jobs report and a political compromise in Italy that reduced the risk of a referendum on staying in the EU. Both are covered in the market fundamentals section below. In addition, the U.S. reversed its position and announced steel sanctions against many of its closest trading partners. The S&P 500 rose 0.5%. The MSCI ACWI dropped 0.1%, and the Bloomberg BarCap Aggregate Bond Index climbed 0.2%.

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Market Commentary

Weekly Market Commentary May 29, 2018

The Federal Reserve’s latest minutes confirmed expectations the Fed will continue to raise interest rates gradually and members see no reason to deviate from their plan. Oil prices dropped after an extended rally on concerns Russia and OPEC’s supply reduction efforts will wane as prices rise.  Read more

Market Commentary

Weekly Market Commentary May 21, 2018

Concerns over trade and global politics pushed markets lower last week. The S&P 500 slipped 0.5%. Global stocks, as measured by the MSCI ACWI, dropped 0.7%. The Bloomberg BarCap Aggregate Bond Index declined 0.5% based on solid U.S. economic data and concerns increasing oil prices may push other prices higher.

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Market Commentary

Weekly Market Commentary May 14, 2018

A benign inflation report and positive news out of North Korea provided a boost for global stock markets. For the week, the S&P 500 soared 2.4%. Global stocks rose, as the MSCI ACWI climbed 2.1%. The Bloomberg BarCap Aggregate Bond Index was unchanged for the third straight week.

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Market Commentary

Weekly Market Commentary May 7, 2018

Jittery investors and several key economic reports produced big market swings in both directions last week. The S&P 500 dipped 0.2%. The global MSCI ACWI dropped 0.5%, and the Bloomberg BarCap Aggregate Bond Index was unchanged for the second straight week.

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Market Commentary

Weekly Market Commentary April 30, 2018

After weeks of large swings each way, stocks and bonds barely budged last week. The S&P 500 was flat, and the global MSCI ACWI slipped 0.3%. The Bloomberg BarCap Aggregate Bond Index was also unchanged.

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Market Commentary

Weekly Market Commentary April 23, 2018

Stocks moved higher last week as gains in the energy, industrial, and financial sectors overcame weakness in tobacco and technology stocks. The S&P 500 rose 0.5%, and the global MSCI ACWI climbed 0.4%. The Bloomberg BarCap Aggregate Bond Index dropped 0.6% on inflation and interest rate concerns.

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Market Commentary

Weekly Market Commentary April 16, 2018

Markets ended positive for the week as energy and technology shares rallied and trade war tensions eased on all sides. These developments paired with earnings reports showing continued strength across all sectors drove stock markets higher. The S&P 500 rose 2.0% last week. The global MSCI ACWI climbed 1.6%. The Bloomberg BarCap Aggregate Bond Index dipped 0.2% as inflation risk and the odds of additional rate hikes increased.

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