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

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

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

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,

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

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

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

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

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

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