LAST WEEK: U.S. equities finished mostly lower on the week with many saying the pullback was simply consolidation following gains over the prior two weeks. The S&P finished down 1.32% while the Dow and Nasdaq closed -1.23% and -.18% respectively. Defensive sectors such as REITs and Utilities underperformed broader markets over the five days, while…
LAST WEEK: U.S. equities rallied sharply over the four-day holiday week, led by some of the most beaten down and shorted names. The Goldman Sachs most shorted basket of stocks closed up 25% while the S&P 500 surged 12%, its largest weekly advance since 1974. The Dow gained 13%, and the Nasdaq 11% respectively, as…
LAST WEEK: U.S. equities retreated over the course of the week as the S&P ended down ~2%, Dow Jones 2.65%, and the Nasdaq 1.68%. Markets were led lower by defensive sectors with Utilities, Financials, and REITs coming under the most pressure. Unusual suspects such as Energy, Consumer Staples, and Healthcare bucked broader selling pressures to…
U.S. Equities finished sharply higher as the S&P 500, Dow Jones, and Nasdaq all posted double digit gains on the week after experiencing the largest selloff since 2008 in the week prior. Over the course of the week, the S&P logged its first three-day rally since February, gaining 18% along the way, the largest three-day…
LAST Week: Equity markets finished down sharply for the week amid ongoing Coronavirus concerns as the S&P fell 14.95% on the week, its largest weekly loss since October 2009. Investors started the week off on the wrong foot as Monday’s session was the S&P 500’s third worst session ever, falling 11.98% only behind the 1987…
Market Commentary As we begin the trading week, markets continue to digest a mountain of information related to the ongoing COVID-19 crisis gripping communities across the globe. Here in the U.S., residents are beginning to understand the drastic measures taken by other countries to slow the spread of the virus which consists of school and…
LAST WEEK Despite the extremely volatile moves once the dust settled on the week, the Dow, S&P, and Nasdaq finished higher over the course of the five days. Sector performance remained mixed as Energy continued to underperform amid demand concerns. Financials and banks continue to be hit by yields, once again moving lower across the…
LAST WEEK U.S. equities finished sharply lower as they suffered their largest weekly decline since October 2008 with the S&P losing 11.44%, the Dow 7.78%, and the Nasdaq 6.50%. The leg lower in equities was largely driven by investor concerns surrounding the spread of the COVID-19 (formerly known as the Coronavirus) outside of greater mainland…
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…