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…

Weekly Insight 8.27.20

LAST WEEK It was another strong week for stocks with U.S. equities finishing mostly higher. The S&P 500 gained 76bps, closing at a record high on Friday, while the Nasdaq gained 2.69%, pushing the index to new record levels. The move higher in the S&P 500 capped its fourth straight weekly advance, its longest winning…

Weekly Insight 8.18.20

LAST WEEK U.S. equities finished higher for a third straight week led by the Dow which closed up 1.86%, followed by the S&P 500 (+.69%), Russell 2K (+.59%), and Nasdaq Composite (+.092%). On Wednesday, the S&P 500 traded above its February record high of 3,386 but could not maintain that level, finishing the session at…

Weekly Insight 8.11.20

LAST WEEK U.S. equities rallied on the week, led by the Dow Jones which finished up 3.87% followed by the Nasdaq which closed 2.51% higher and the S&P which was up 2.48%. Throughout the week, we once again saw the value/ growth debate playing out, however value managed to pull ahead after an impressive session…

Weekly Insight 8.5.20

LAST WEEK U.S. equities finished stronger this week with three of the four main indexes closing higher, led by the Nasdaq +3.70%, S&P 500 +1.75%, Russell 2K +0.89% and Dow Jones -.15% amid a very busy week of earnings. With the move higher in the S&P 500 over the course of the week, the benchmark…

Weekly Insight 7.28.20

LAST WEEK All major indices finished lower on the week as the market struggled for overall direction. The Nasdaq was the biggest loser, closing down 1.33% followed by the Dow, Russell 2K, and the S&P 500, which closed lower by 0.75%, 0.39% and 0.28% respectively. Sector performance was mixed as Tech was the worst performing…

Weekly Insight 7.22.20

LAST WEEK Three of the four major indexes closed higher on the week as Coronavirus vaccine developments appeared to be the main upside driver behind the risk-on tone. The Russell 2K, Dow Jones and S&P all finished in the green, while the Nasdaq lagged broader market gains. The Dow and S&P posted a third straight…