Weekly Market Recap

Weekly Market Recap – October 11th, 2019

In the Markets
The week began with yet another batch of perceived bad news on the trade front, with 28 additional Chinese companies blacklisted. This bars U.S. companies without a specific license from doing business with any entities listed. The development sent the S&P 500 down 2% through Tuesday’s …

Weekly Market Recap – October 4th, 2019

In the Markets
The S&P 500 ended a volatile week losing 0.33%. The major moves began with bearish economic data in the form of the Institute for Supply Management (ISM) September report. The report’s Manufacturing Index dropped to its worst point since June 2009, falling to 47.8% from August’s …

Weekly Market Recap – September 27th, 2019

In the Markets
U.S. equities fell on the week with two main catalysts driving the decline. First, on Tuesday, House Democrats announced an impeachment inquiry into President Trump. There is a slim chance that the impeachment inquiry will lead to an eventual removal of President Trump before the 2020 …

Weekly Market Recap – September 20th, 2019

In the Markets
The Fed elected to cut short-term interest rates in their Wednesday meeting, lowering it by 25 basis points (bp). Despite the move, equity markets ended their three week streak of gains, with the prevailing market sentiment already anticipating the rate cut. The Dow Jones fell 1%, …

Weekly Market Recap – September 13th, 2019

In the Markets
U.S. equity indices posted gains for the third week in a row in response to positive sentiments surrounding global trade. President Trump announced a delay to the tariff rate increase on $250 billion of Chinese imports from an October 1st scheduled date to October 15th, providing an …

Weekly Market Recap – September 6th, 2019

In the Markets
Equity markets experienced its second straight week of gains following recent corrections. Last week’s rumors cemented themselves as concrete news as China agreed to meet in Washington in October for trade negotiations and Hong Kong leadership withdrew its extradition bill. Economic data was mixed on the week allowing …

Weekly Market Recap – August 30th, 2019

In the Markets
Going into Monday’s open, worries surrounded President Trump’s response to Chinese retaliatory tariffs when he called for an increase in tariff rates on $525 billion worth of imports. These worries were short-lived, however, as reports referencing communication between China and U.S. negotiators mentioning a restart of trade talks …

Weekly Market Recap – August 23rd, 2019

In the Markets
The week began with a rebound for U.S. equities, bouncing back from last week’s losses. Through Thursday’s close, the S&P 500 had gained 1.19%, punctuated by Fed Chairman Jerome Powell’s Jackson Hole Speech, which many saw as alluding to a more dovish stance moving forward with Powell’s acknowledgement …

Weekly Market Recap – August 16th, 2019
In the Markets
Equity markets began the week on a high note as the White House announced plans to delay the 10% tariff on Chinese goods until December 15th, giving investors’ growth concerns a brief reprieve. The dampening of negative market sentiment was short-lived, however, as major indices quickly dipped following concerning …

Weekly Market Recap – August 9th, 2019

In the Markets
Equity markets continued their slide down, albeit at a much slower pace than the week prior. The NASDAQ fell 0.9%, the Dow Jones slipped 0.7%, and the S&P 500 fell 0.5%. On Monday, the Yuan, China’s currency, dropped to a low since 2008, falling to weaker than 7 …

Weekly Market Recap – August 2nd, 2019

In the Markets
After several weeks of gains and new highs, U.S. equities came falling back to earth last week. The Dow Jones dropped 2.6%, the S&P 500 fell 3.1%, and the NASDAQ lost 3.9%. The main catalyst for the pullback seemed to be the return of tariff threats between the …

Weekly Market Recap – July 26th, 2019

In the Markets
With 40% of S&P 500 companies having reported earnings for the quarter, the index advanced another 1.7% on the week. The NASDAQ also gained on strong earnings reports, up 2.3% on the week. Most of the earnings reports came in better than analysts’ expectations, sparking continued growth from …

Weekly Market Recap – July 19th, 2019

In the Markets
After setting new all-time highs on multiple occasions in 2019, the major indices fell back down slightly. The Dow Jones dropped 0.7% last week, but held above the 27,000 benchmark. The NASDAQ and S&P 500 both lost 1.2% on the week, with the S&P dipping back …

Weekly Market Recap – July 12th, 2019

In the Markets
On Wednesday, Fed Chairman Jay Powell spoke before Congress in the semi-annual testimony on monetary policy. His testimony led many to interpret a pivot by the Fed to a dovish approach to the economy. The Chairman’s focus on poor growth in the first quarter, including slowing consumer spending …

Weekly Market Recap – July 5th, 2019

In the Markets
As the shortened week marked the United States’ 243rd birthday, President Trump’s meeting with Chinese leader Xi Jinping at the G20 summit in Osaka yielded progress as China and the U.S. agreed to suspend new tariffs and renew negotiations. Additionally, the June employment report showed 224,000 new jobs …

Weekly Market Recap – June 28th, 2019

In the Markets
Through Wednesday, the S&P 500 dropped 1.24%. A late week rebound, however, resulted in a weekly loss for the index of just 0.29%. With optimism surrounding G-20 summit meetings between President Trump and President Xi, as well as expected rate cuts, the S&P 500 posted a …

Weekly Market Recap – June 21st, 2019

In the Markets
In its June meeting, the Fed left interest rates unchanged, sharing that rate cuts are on the horizon. The dovish fed policy, echoed by ECB President Mario Draghi, showed a trend of global rates coming down. In the wake of these financial policy announcements, equity markets rose …

Weekly Market Recap – June 14th, 2019

In the Markets
Equities remained stable this week as the U.S. and Mexico reached an agreement to avoid the proposed tariffs on all imports from Mexico. The markets were also bolstered by continued expectations regarding a Fed rate cut, as well as optimism surrounding U.S.-China meetings at the G-20 summit …

Weekly Market Recap – June 7th, 2019

In the Markets
Despite losses in FAANG stocks (Facebook, Apple, Amazon, Netflix, and Google) along with a weak May employment report, the S&P 500 posted its best week of 2019, gaining 4.4%. The Dow Jones posted a strong performance as well, up 4.7%, along with a 3.9% gain by the NASDAQ. …

Weekly Market Recap – May 31st, 2019

In the Markets
The S&P 500 capped off a 6.6% loss in May dropping 2.6% on the week amidst further trade tensions. The week was marred with escalation between the U.S. and China. Chinese state run newspaper People’s Daily warned that China, whose companies mine more than 70% of …

Weekly Market Recap – May 24th, 2019

In the Markets
Several companies joined Google in suspending business with China’s telecommunication company Huawei. Reports indicated that the U.S. is considering more Chinese corporations to join Huawei on the restrictions list. However, Huawei was granted a 90-day reprieve to work with U.S. companies to service existing networks and …

Weekly Market Recap – May 17th, 2019

In the Markets
China increased the tariffs on $60 billion in U.S. imports from a range of 5-10% to 5-25% as a response to recent U.S. tariffs. The move was announced on Monday with a June 1st start date. President Trump responded on Wednesday with an executive order aiming to …

Weekly Market Recap – May 10th, 2019

In the Markets
Equity markets were rocked by the return of tariff discussions to the center stage. The U.S. raised tariffs from 10% to 25% on $200 billion in Chinese imports, with President Trump promising another 25% tariff on $350 billion worth of imports. China promised retaliation, escalating tensions …

Weekly Market Recap – May 3rd, 2019

In the Markets
The S&P 500 began the week setting all-time highs, with Monday intraday prices less than $0.50 shy of 2,950 on its way to a record close to end April. The index then fell, down 0.76% on the week by Thursday’s close, only to rally on Friday with a …