Weekly Insight 06.30.21

highlights Stocks closed out the week with the S&P 500 posting its best weekly performance in 20 weeks following a bipartisan agreement of a $1.2 trillion infrastructure spending deal. The S&P posted a record close on Friday after value sectors outperformed growth. Crude oil crossed above $73/barrel for the first time in almost three years…

Weekly Insight 06.23.21

highlights The S&P 500 logged its worst weekly decline since February, with Friday’s pullback of 1.31% being the single-worst session for the index since May 12th. Treasuries flattened on the week as yields fell on the long end of the curve with the 10-year yield dropping back to 1.43%. Focus surrounded the Central Bank’s release…

Weekly Insight 06.16.21

highlights In what was another quiet week, the S&P 500 finished the week posting back-to-back record closes. Volumes were once again anemic, with the S&P 500 posting its lowest volume week this year. The VIX continued its slide, falling 15.15, its lowest reading since before the pandemic. The decline in yields and the bond rally…

Weekly Insight 06.09.21

highlights Domestic stocks rallied again as the three primary indexes all ended higher for a second straight week, dating back to April 9th and April 16th as the last time all three indexes pushed higher in back-to-back weeks. Non-farm payrolls showed the U.S. economy added 559K jobs in May versus consensus estimates of 675K. Markets…

Weekly Insight 06.02.21

highlights The three major equity indexes, S&P 500, Dow Jones and NASDAQ Composite, all rose for the first time since the week of April 16th. It was a very quiet May, as the S&P 500 posted its quietest May since 2002, gaining only 0.70%. The U.S. junk market had an extremely busy May, as issuers…