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

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

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

Weekly Market Recap – April 26th, 2019 In the Markets The S&P 500 and NASDAQ set new highs closing the week, with the S&P 500 up 1.2%, and the NASDAQ gaining 1.9% on the week. The S&P 500’s gains marked a 17.3% year to date increase as the index approached $2940. This latest rise in

Weekly Market Recap – April 18th, 2019 In the Markets Two of the major indices finished nearly flat on the week, with the NASDAQ up 0.2%, and the S&P down 0.1%. The Dow Jones advanced 0.6% on the shortened holiday week. With earnings reports in full swing, with one third of the S&P 500 having

Weekly Market Recap – April 12th, 2019 In the Markets The International Monetary Fund cut its global growth forecast from 3.5% to 3.3%, while the United Kingdom avoided immediate Brexit repercussions, delaying the deadline to October 31st. The default decision, if nothing changes in the coming 6 months, remains a “No-Deal Brexit”, with no firm

Weekly Market Recap – April 5th, 2019 In the Markets Strong economic news out of the U.S. and China provided a lift to equity markets. The China March Purchasing Managers’ Index (PMI) signified modestly faster growth as it expanded following 6 straight months of mild contraction. Additionally, the U.S. employment report for March showed a

Weekly Market Recap – March 29th, 2019 In the Markets With the first quarter of 2019 in the books, the S&P 500 has posted its strongest quarterly performance in a decade. The S&P 500 finished the week up 1.2% on its way to a 13% gain on the quarter, just 3% off of its all-time

Weekly Market Recap – March 22nd, 2019 In the Markets The week started with the S&P 500 climbing to a new high for 2019 amid positive investor sentiment regarding U.S. Treasury yields and a dovish Fed. However, gains were wiped away on Friday, marking a 0.8% decline on the week for the S&P. The NASDAQ

Weekly Market Recap – March 15th, 2019 In the Markets U.S. equities rebounded from the losses of the prior week. The NASDAQ led the charge with a 3.9% gain, followed by the S&P 500’s 2.9% gain and the Dow Jones’ 1.6% climb. Fed Chair Jerome Powell continued to tout the Fed\\\’s patient stance on 60