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…

Weekly Insight 05.26.21

highlights U.S. indices generally ended lower on the week with the exception of the NASDAQ which closed higher, snapping its four-week losing streak. Bitcoin declined 28% over the five days, its largest decline since the beginning of the pandemic. May’s Philly Fed Index’s showed that the “prices paid” hit the highest in 41 years, while…

Weekly Insight 05.18.21

highlights U.S. Equities took a pause from the recent run higher as stocks came under pressure over the first three days of the week, before bouncing back on Thursday and Friday last week. The NASDAQ posted its worst week since late February as it led broader benchmarks lower, declining 2.34%. Inflation concerns were the main…

Weekly Insight 04.21.21

highlights The S&P 500 and Dow Jones finished higher last week, advancing their weekly win streak to four consecutive weeks. There was no chance in the longstanding bullish narrative that investors have seen persist. Retail sales surprised to the upside, gaining 9.8% m/m versus the 5.80% expectation. Despite the negative J&J vaccine headlines grabbing investors’…

Weekly Insight 04.13.21

highlights U.S. equity indexes closed higher on the week as the S&P 500, Dow Jones, and Dow Transports all finished at record highs on Friday. Even as markets traded to new all-time highs, there seemed to be a cautious undertone with more than $5B being yanked from the world’s largest ETF (SPY). Multiple sell-side firms…

Weekly Insight 04.6.21

highlights The S&P 500 added 6.62% in Q1 with all 11 sectors finishing higher, led by gains in “value” sectors. Volumes throughout the week were anemic despite Q1 drawing to a close, with Tuesday’s session being the lowest volume day of the year, breaking the prior low on 3/22/21. There were few surprises with the…