Weekly Market Recap

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 trade plan …

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 hiring rebound …

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 high. The two …

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 also fell, down …

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 minutes, part of …

Weekly Market Recap – March 8th, 2019

In the Markets
U.S. equities finished lower across the board with a batch of bearish news from around the globe. The U.S. employment report for February revealed weak job growth, with just 20,000 net jobs added, as wages rose at their fasted pace in a decade. Shrinking global growth was again …

Weekly Market Recap – March 1st, 2019

In the Markets
As February came to a close, the S&P 500 completed its best two month start to a year since 1987 with the index gaining 11.5%. The indices continued to climb into March, closing Friday with a YTD growth of 11.8%. The NASDAQ gained 0.9%, finishing the week with …

Weekly Market Recap – February 22nd, 2019

In the Markets
U.S. equities finished their fourth straight week of gains. The U.S-China trade talks provided positive news, with the two sides reporting unspecified progress towards agreements regarding currency, as well as China’s commitment to obtain $1.2 trillion in U.S. goods. Discussions are still ongoing on the topic of forced …

Weekly Market Recap – February 15th, 2019

In the Markets
The S&P 500 climbed another 2.5% on the week, coming within 6% of its all-time high. The other two major U.S. equity indices followed suit, with the Dow Jones up 3.1% and the NASDAQ gaining 2.4%. Reports point to positive developments in the U.S. negotiations with China, including …

Weekly Market Recap – February 8th, 2019

In the Markets
While U.S. equities started the week with gains, continuing their January run, international news put downward pressure on the major indices. Weakness in growth was visible across Europe, with the EU commission lowering its GDP growth forecast to 1.3% from 1.9%. The Bank of England made a similar …

Weekly Market Recap – February 1st, 2019

In the Markets
The three major equity indices all posted gains on the week, with the Dow Jones up 1.3%, the NASDAQ climbing 1.4%, and the S&P up 1.6%. The S&P’s gains resulted in its strongest January since 1987, with many companies’ earnings reports stronger than expected.
The Fed adopted a …

Weekly Market Recap – January 25th, 2019

In the Markets
The longest U.S. government shutdown came to an end to close the week, with an agreement to reopen the federal government through February 15th. The major equity indices saw limited moves on the shortened week, each finishing almost flat, as the Dow Jones and NASDAQ both rose 0.1%, …

Weekly Market Recap – January 18th, 2019

In the Markets
The U.K. took the spotlight last week. On Tuesday, Parliament rejected Prime Minister Theresa May’s Brexit deal in the largest parliamentary loss in more than a century. On Wednesday, May’s government narrowly survived a no-confidence vote, and she signaled that she was willing to negotiate a Brexit deal …

Weekly Market Recap – January 11th, 2019

In the Markets
After a tumultuous end to 2018, with high market volatility the major equity indices have climbed to start the new year amidst positive investor sentiment. The S&P closed the week up 2.5%, resulting in a 3.6% YTD return in 2019. The Dow Jones rose 2.4%, up 2.9% YTD, …

Weekly Market Recap – December 31st, 2018

In the Markets
Despite the shortened holiday week, a historically uneventful week in trading, was peppered with volatility in equity markets. The week began with all three major indices posting substantial losses, as the Dow recorded its worst Christmas Eve ever, and the S&P 500 fell to 20% below its peak. …

Weekly Market Recap – December 21st, 2018

In the Markets
Equity markets fell sharply last week, as the Dow Jones was down 6.9% and the S&P 500 dropped 7.1%. The NASDAQ posted the largest loss, nearing bear market territory for the tech-heavy index as its 8.4% decline this week marked a 20% drop from its peak. Chief among …

Weekly Market Recap – December 14th, 2018

In the Markets
Initial steps were taken in the U.S-China trade negotiations, as the 90-day ceasefire began with substantial, albeit still temporary, moves from the People’s Republic. Chinese officials hinted at tweaks to the “Made in China 2025” policy by allowing further access and fairer competition for foreign companies. Furthermore, China …

Weekly Market Recap – December 7th, 2018

In the Markets
Volatility spiked last week, as Monday equities rallied, before dropping substantially on Tuesday. Thursday saw a potential recovery, before the major indices fell again to close Friday. On the week, the Dow Jones fell 4.5%, the S&P 500 dropped 4.6%, and the NASDAQ lost 4.9%.
While the U.S. …

Weekly Market Recap – November 30th, 2018

In the Markets
This week U.S. Fed Chair Jerome Powell appeared to take on a more dovish stance, stating that interest rates were closer to neutral. He went on to articulate that the Fed would be data-dependent in its decision making, as opposed to following a preset policy path. This sent …

Weekly Market Recap – November 23rd, 2018

In the Markets
On a shortened week, with the U.S. celebrating Thanksgiving on Thursday, equity markets took another large hit, with both the Dow Jones and the S&P 500 slipping into the red for year to date returns after the Dow fell 4.4%, and the S&P fell 3.8%. The NASDAQ also …

Weekly Market Recap – November 16th, 2018

In the Markets
After beginning November with a slight recovery from the October slump, equities turned bearish again, with the three major indices all falling on the week. The Dow Jones dropped 2.2%, the S&P 500 fell 1.6%, and the NASDAQ lost 2.1%. The consumer price index report showed rising inflation …

Weekly Market Recap – November 9th, 2018

In the Markets
The United States’ midterm elections were held on Tuesday, resulting in a split Congress as the Democrats took control of the House, and the Republicans retained control of the Senate. Historically, a split Congress bodes well for U.S. equity markets, and the big three indices responded well on …

Weekly Market Recap – November 2nd, 2018

In the Markets
U.S. equities experienced an anticipated rebound from recent losses, with both the Dow Jones and S&P 500 gaining 2.4% on the week and returning to positive territory for year to date movement. The NASDAQ also gained, up 2.6% on the week. Positive jobs report data potentially aided this …

Weekly Market Recap – October 26th, 2018

In the Markets
Last week’s calm proved to merely be the eye of the storm, as a second wave of corrections rocked equity markets. Volatility soared as the Dow Jones fell 3%, the NASDAQ dropped 3.8%, and the S&P descended 3.9% on the week. This decline occurred despite reports showing that …