Weekly Insight 09.30.20

highlights S&P 500 and Dow Jones fell on the week while the NASDAQ bucked broader selling pressures, adding 1.13%. The close lower last week for the S&P 500 marked its fourth weekly decline, the longest weekly losing streak in more than a year. Some of the largest YTD underperforming sectors added to their losses and…

Weekly Insight 9.22.20

highlights Major averages closed slightly lower last week, after the S&P and Nasdaq declined in three straight sessions on Wednesday, Thursday and Friday, causing indices to post their third straight weekly decline, something not seen since March. The Merrill Lynch Fang Index lagged broader markets, falling 4.26% on the week as Mega Cap Tech-related names…

Weekly Insight 9.15.20

highlights U.S. indices finished lower last week as the S&P 500 posted its first back-to-back weekly losses since the end of April and beginning of May. Nasdaq posted its worst weekly decline since March, falling 4.05% on the week and has declined 9.96% (Correction territory) as of Friday‚Äôs close. The three-day decline since setting an…

Weekly Insight 9.9.20

LAST WEEK U.S. equities finished the week lower as all major indices closed in the red. The S&P 500 and Nasdaq both snapped five-week winning streaks after falling 2.31% and 3.27% respectively over the five days. The main theme that emerged was the late-week selloff in growth and momentum names as large Tech was the…

Weekly Insight 9.2.20

LAST WEEK U.S. indices finished higher on the week led by the Nasdaq, which closed up 3.40%. Other indices followed suit as the S&P 500 finished 3.29% higher, the Dow closed up 2.64%, and finally, the Russell 2K managed to secure gains of +1.29% on the week. The S&P 500 traded to new all-time highs…