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Weekly Update

Monday, April 12, 2021

The S&P 500 extended gains into a third week, its longest winning streak since February 5 and finished Friday at its 20th new all-time-high this year.

Monday, April 5, 2021

U.S. stocks extended gains last week amid expectations for a solid March payrolls report that was indicated higher by the largest monthly increase in private sector hiring in six months (+517,000).

Monday, March 29, 2021

U.S. stocks posted solid gains last week with the Dow Industrials and S&P 500 finishing at new record highs on renewed optimism over widening vaccinations and business reopenings

Monday, March 22, 2021

U.S. stocks drifted lower last week amid heightened stock and bond market volatility surrounding several policy decisions from the Federal Reserve.

Monday, March 15, 2021

U.S. stocks broadly rallied last week with gains driving the Dow Industrials and S&P 500 to fresh all-time highs, while the Nasdaq Composite rebounded to snap a three-week losing streak.

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Monday, March 8, 2021

U.S. stocks rallied back on Friday from steep intra-week losses as bond yields climbed while a stronger-than-forecast January jobs report reignited optimism for a quick economic recovery.

Tuesday, March 2, 2021

All major stock market indices retreated last week. Bond investors are starting to get anxious about the prospects of future growth, demanding more yield on their bonds.

Monday, February 22, 2021

U.S. stocks pulled back last week, snapping back-to-back weekly gains as Treasury yields advanced on investor jitters about increasing evidence of faster inflation tied to economic recovery.

Tuesday, February 16, 2021

U.S. stocks advanced a second week as investors cheered progress for additional fiscal stimulus with House Democrats approving $1,400 direct payments for most Americans.

Monday, February 8, 2021

The S&P 500 rebounded by over 4.5% last week, more than erasing its 3.3% prior week loss after news that U.S. Congress is moving towards more fiscal stimulus, an outcome that Treasury Secretary Janet Yellen has now embraced.

Monday, February 1, 2021

U.S. stocks fell sharply with the S&P 500 turning negative for the year (-1% YTD) after posting its worst week since October.

Monday, January 25, 2021

Inaugural Rally Best in 84 YearsMajor U.S. equity indices posted solid gains last week as investors were encouraged by incoming President Biden’s issuance of 10 executive orders specifically aimed at combating COVID-19. The S&P...

Tuesday, January 19, 2021

U.S. large cap stocks retreated last week as investors second-guessed their optimism over President-elect Joe Biden’s quickly proposed large fiscal stimulus plan.

Monday, January 11, 2021

U.S. stocks advanced for a second straight week with all three major equity indices finishing at record highs.

Monday, January 4, 2021

Equities Rebound from Prior Week LossU.S. stocks ended higher during the final week of the year, with the S&P 500 closing at its 33rd all-time high of 2020. The three major equity averages reached their record year-ending session...

Monday, December 28, 2020

U.S. stocks rose on Thursday in a second day of small gains in the Christmas holiday-shortened trading week as Wall Street reviewed the latest prospects for a second major coronavirus relief package.

Monday, December 21, 2020

U.S. stocks slightly trimmed a weekly gain on Friday, halting a solid three-day rally after Congress was unable to reach a stimulus bill agreement by market close.

Monday, December 14, 2020

After major U.S. stocks advanced to record highs the first week of December, investors kept their optimism in check last week.

Monday, December 7, 2020

U.S. stocks advanced to record highs last week amid growing expectations for another round of fiscal stimulus that could help backstop economic growth.

Monday, November 30, 2020

U.S. stocks advanced last week with the benchmark S&P 500 finishing at a new all-time high on Friday’s low-volume holiday-shortened trading session.

Monday, November 23, 2020

U.S. stocks fell fractionally last week with the S&P 500 ending slightly negative after surging 9.74% the prior two weeks.

Monday, November 16, 2020

U.S. stocks rallied last week after breakthrough vaccine trial results eased global uncertainty.

Monday, November 9, 2020

America Votes for GridlockU.S. stocks rebounded sharply last week, following their worst back-to-back losses since March. In a major turnaround, the S&P 500 posted its largest weekly advance since April amid stronger-than-expected...

Monday, November 2, 2020

Pullback IntensifiesU.S. stock indexes closed lower on Friday, capping the benchmark S&P 500 with its worst weekly rout since the depths of the pandemic in mid-March and its worst-ever loss leading into a presidential election. Wall...

Monday, October 26, 2020

U.S. stocks ended the week fractionally lower, snapping a three-week rally as investors weighed mostly upbeat earnings and economic data while monitoring prospects towards an additional fiscal stimulus package.

Monday, October 19, 2020

The U.S. benchmark S&P 500 Index posted a tepid gain in a string of three weekly advances, but it was enough to notch its longest weekly rally since August.

Monday, October 12, 2020

U.S. equity averages posted gains a second week, with the S&P 500 registering its strongest weekly gain since July as investors were encouraged that negotiators were moving closer toward providing more fiscal stimulus.

Monday, October 5, 2020

U.S. equity averages posted their first weekly gain in five weeks, snapping the longest losing streak since March as investors focused on mostly stronger-than-expected economic data and the Presidential debate.

Monday, September 28, 2020

U.S. stocks reversed losses Friday amid unconfirmed reports that lawmakers were reviving plans for a second fiscal stimulus deal, but gains were not enough.

Monday, September 21, 2020

U.S. stocks extended losses into a third day last week as bargain buying appetites on Monday and Tuesday gave way to pessimism after the Federal Reserve signaled a more urgent need for further fiscal stimulus to sustain an uneven recovery.

Monday, September 14, 2020

U.S. stocks ended a volatile week deeply in the red with all three major domestic equity indices capping their steepest back-to-back weekly losses since March.

Tuesday, September 8, 2020

U.S. stocks snapped a five-week winning streak last Friday as skittish investors exited high-valuation mega cap tech stocks, despite a drop in jobless claims below 1 million and improved payroll data.

Tuesday, September 1, 2020

All three major U.S. equity indices posted strong weekly gains, led by continued momentum in consumer and technology-oriented stocks.

Tuesday, August 25, 2020

The S&P 500 completed its fourth straight weekly advance, it’s longest winning streak of the year.

Tuesday, August 18, 2020

All three major U.S. equity averages posted their third consecutive weekly gain, but despite two nearly successful daily attempts, the S&P 500 fell short of breaking its all-time high set on February 19.

Tuesday, August 11, 2020

Major U.S. indices were up last week on encouraging news around labor markets and hopes for more fiscal stimulus.

Tuesday, August 4, 2020

Stocks Post Solid GainsU.S. benchmark S&P 500 equities rebounded last week, resuming a bullish trend after falling 0.27% the week prior. Stocks ended Friday with solid gains, lifted by stellar earnings reports from four of the five...

Monday, July 27, 2020

U.S. equities ended lower last week with the S&P 500 posting its first weekly loss in four weeks as investors turned cautious amid increased tensions with China.

Tuesday, July 21, 2020

The S&P 500 and Dow Industrials posted their third straight weekly gain while the tech-heavy Nasdaq Composite snapped a two-week rally.

Tuesday, July 7, 2020

U.S. equity averages rebounded broadly higher last week amid improving economic data even as U.S. viral infections jumped the most since May 9.

Tuesday, June 30, 2020

U.S. equity averages fell sharply lower on Friday to end at two-week lows amid a resurgence of daily COVID-19 infection rates that threaten to halt state-specific plans to fully reopen businesses.

Tuesday, June 23, 2020

U.S. equity averages trimmed solid gains last week, jolted by a surge of trading volume and volatility on Friday associated with the quarterly event known as quadruple-witching when options and futures simultaneously expire.

Tuesday, June 16, 2020

Federal Reserve Provides a Dosage of Reality The three major U.S. equity indices finished higher on Friday in a broad but overall modest recovery from a steep 7.1% three-day S&P 500 plunge.

Tuesday, June 9, 2020

Stocks had yet again another good week with the S&P 500 gaining nearly 5%, pushed higher by stabilizing economic data.

Tuesday, June 2, 2020

Equities rallied into the close Friday for a second straight week as optimism over restarting American businesses overshadowed a flurry of market challenges, most recently harsh U.S. rhetoric against China.

Tuesday, May 26, 2020

Equities rallied into the close Friday to cap a volatile but positive week as investors weighed business reopening news and plans against a backdrop of rising U.S.-China tensions.

Tuesday, May 19, 2020

Equities capped another volatile week with steep losses amid dismal economic data and rising tensions between the U.S. and China.

Tuesday, May 12, 2020

Stocks powered higher last week amid heady optimism that reopening American business may not cause a widespread resurgence in new COVID-19 cases.

Tuesday, May 5, 2020

Stocks erased all their gains for the week amid sharp losses Friday after a pair of mega-cap tech bellwether companies reported less-than-ideal first quarter earnings and warned of uncertainty ahead.

Tuesday, April 28, 2020

First Weekly Loss Since April 3rdStocks broke a two-week winning streak as concerns over a further collapse in oil prices overshadowed optimism over a fourth federal COVID-19 relief package.

Wednesday, April 22, 2020

Back-to-Back Weekly GainsStocks powered higher last week amid optimism toward reopening segments of the economy and speculation that a COVID-19 treatment may be approved sooner than previously expected.

Monday, April 20, 2020

Oil prices are plummeted Monday as a lack of demand for oil combined with a surge in production from Russia and Saudi Arabia has caused supplies to increase to the point storage tanks are near capacity.

Tuesday, April 14, 2020

The stock market staged a broad rally this week, buoyed by the prospect that COVID19’s grip on the nation may be easing and news of another Federal Reserve program to help stabilize businesses.

Wednesday, April 8, 2020

Following a 10% rebound the week ending March 27, U.S. equities declined last week, its third weekly loss in four, after labor reports showed record-setting jobless claims and a huge 701,000 plunge in hiring last month.

Wednesday, April 1, 2020

U.S. equity markets posted their largest weekly gain in over a decade after President Trump signed an unprecedented $2 trillion stimulus package designed to blunt the economic downturn caused by the COVID-19 contagion.

Wednesday, March 25, 2020

U.S. equity markets skidded last week with the Dow Jones Industrial Average suffering its biggest weekly point-loss on record amid escalating concerns the COVID-19 pandemic will cause a global recession.

Wednesday, March 18, 2020

U.S. equity markets on Friday retraced over 90% of Thursday’s historic 9.5% single-day plunge that officially ended the longest bull market on the record books.

Monday, March 16, 2020

Fed cuts rates to zero and unveils package to boost bond liquidity. Monetary policy alone is not enough. Fiscal policy is needed. During turbulent times, it’s important to stay diversified and keep in touch with your financial professional.

Friday, March 13, 2020

Financial markets are reacting to the global spread of the COVID-19 virus. Investors are feeling anxious as markets are moving sharply lower so our team wanted to keep you informed and try to cut through the market noise.

Wednesday, March 11, 2020

U.S. equity markets pared more than half of their 4% intra-day losses on Friday, limiting the broad market S&P 500 benchmark index daily loss to 1.7% and ended the week fractionally higher.

Tuesday, March 3, 2020

Stocks Enter Correction Fears over the impact from the fast-spreading COVID-19 virus sent global markets reeling last week, with U.S. stocks registering their worst weekly performance since the 2008 financial crisis. U.S. equity...

Tuesday, February 25, 2020

In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third...

Tuesday, February 25, 2020

Stocks Decline Last WeekU.S. stocks, as measured by the S&P 500, registered its first weekly decline since late January while gold and Treasury prices surged, sending bond yields toward record lows. Investors turned defensive last...

Thursday, February 20, 2020

The S&P 500 and Nasdaq Composite both ended the week broadly higher, posting fresh all-time highs even as investors kept a wary eye on the renamed COVID-19 coronavirus. Wall Street instead embraced solid economic...