In this issue of Weekly Insight, rather than beginning our commentary with a re-cap of market news from last week, we have shifted our format to focus on current market dynamics, in particular, the sharp pullback in the market on Monday, February 24, 2020. THIS WEEK U.S. stocks ended sharply lower as both the S&P…
LAST WEEK U.S. equities finished higher on the week, led by REIT’s, Consumer Discretionary, Utilities and Technology. Flows remained defensive in nature, underpinned by ongoing investor uncertainty over global growth concerns from the Coronavirus. Utilities have remained a favorite for investors in a search for yield with rates drifting lower across the curve. Consumer discretionary…
LAST WEEK Stocks finished sharply higher on the week as the S&P posted its largest weekly advance since June of 2019. The S&P was led higher by all sectors except for Utilities, over the five-day session as the risk-on tone gripped U.S. markets. There were multiple factors attributed to the week’s bounce, which included: Coronavirus…
LAST WEEK U.S. equities closed lower for a second straight week led by Energy, Materials, Healthcare, Communication Services, Industrials, & Technology as the S&P 500 saw back-to-back weekly declines of over 1% for the first time since late last August. The Energy sector was the worst performing sector for a fourth consecutive week as crude…