by Kenny | Oct 22, 2023
Weekly Market Commentary – 10/20/2023 -Darren Leavitt, CFA This week, the debt market resumed its sell-off and wreaked havoc on the equity markets. The US 10-year bond yield hit 5% for the first time since 2007, while longer-tenured issues felt the brunt of the...
by Kenny | Oct 16, 2023
Weekly Market Commentary – 10/13/2023 -Darren Leavitt, CFA US equity markets finished the week with mixed results as investors digested the first tranche of third-quarter earnings results. JP Morgan, Citi Bank, Wells Fargo, and United Healthcare had...
by Kenny | Oct 8, 2023
Weekly Market Commentary – 10/6/2023 -Darren Leavitt, CFA Investors were treated to another mixed bag of market action as the yield curve steepened on the notion of higher rates for longer. There were several central bank officials that echoed the need to...
by Kenny | Oct 1, 2023
Weekly Market Commentary – 9/29/2023 -Darren Leavitt, CFA Markets finished a difficult month of September with mixed results. The prospect of a government shutdown, along with no real progress in the UAW negotiations and a recalibration of interest rate...
by Kenny | Sep 24, 2023
Weekly Market Commentary – 9/22/2023 -Darren Leavitt, CFA US equity markets sold off in tandem with the US Treasury market as the Federal Reserve’s Open Market Committee meeting concluded with no change to its policy rate. The Fed’s Summary of Economic...
by Kenny | Sep 17, 2023
Weekly Market Commentary – 9/15/2023 -Darren Leavitt, CFA It was a roller coaster ride on Wall Street this week, with early-week gains met with a late-week sell-off. Investors cheered the largest IPO of the year that saw Arm Holdings come to market 10x...
by Kenny | Sep 11, 2023
-Darren Leavitt, CFA The holiday-shortened week ended with losses for both US equities and Treasuries. Apple shares tumbled on the news that the Chinese government would ban the use of the iPhone at government agencies at all levels of government. The news comes in...
by Kenny | Aug 27, 2023
Weekly Market Commentary – 8/25/2023 -Darren Leavitt, CFA Financial markets were all over the place last week and ended with mixed results. The S&P 500 gained 0.8% and closed above 4400, a critical psychological level, but fell short of regaining the 50-day...
by Kenny | Aug 20, 2023
Weekly Market Commentary – 8/18/2023 -Darren Leavitt, CFA US equity markets fell for the third consecutive week. The S&P 500 broke its 50-day moving average and then sank below 4400. The sell-off has been on low volume, and the market may have been due to...
by Kenny | Aug 13, 2023
-Darren Leavitt, CFA US Financial markets had another week of consolidation. Equities and US Treasuries sold off in tandem on light volume. An early week debt downgrade of 10 small to midsized banks and a notice that other downgrades may follow by Moody’s dampened...
by Kenny | Aug 6, 2023
Weekly Market Commentary – 8/4/2023 -Darren Leavitt, CFA Global equity markets fell last week as investors digested a full dose of Q2 earnings reports, a packed economic calendar, more central bank policy decisions, and Fitch’s surprise downgrade of US...
by Kenny | Jul 30, 2023
Weekly Market Commentary – 7/28/2023 -Darren Leavitt, CFA It was a busy week on Wall Street with announcements of monetary policy decisions from the Federal Reserve, European Central Bank, and the Bank of Japan, along with an active calendar of Q2 earnings...
by Kenny | Jul 23, 2023
Weekly Market Commentary – 7/21/2023 -Darren Leavitt, CFA US financial markets were mixed last week as investors continued to dissect 2nd quarter earnings results and economic data. The notion of a soft landing in the economy resonated with investors even as...
by Kenny | Jul 16, 2023
Weekly Market Commentary – 7/14/2023 -Darren Leavitt, CFA US markets rallied on the notion that the economy may be able to execute a soft landing as inflation wanes and employment continues to hold up. Inflation data reported during the week showed moderating...
by Kenny | Jul 9, 2023
Weekly Market Commentary – 7/7/2023 -Darren Leavitt, CFA The holiday-shortened week was discombobulated, to say the least. Trading desks on Wall Street were lightly staffed despite a full economic data calendar. The start of the third quarter ushered in equity...
by Kenny | Jul 4, 2023
Weekly Market Commentary – 6/30/2023 -Darren Leavitt, CFA Markets ended the month of June in strong form. Better-than-expected economic data for the week showed a resilient economy and inflation moderating. Investors were dismissive of hawkish commentary from...
by Kenny | Jun 25, 2023
-Darren Leavitt, CFA US equity markets tapped on the brakes with modest losses across the board. The notion that higher rates will further dampen global economic growth gave investors reason to take some profits. Economic data painted a resilient economy but...
by Kenny | Jun 19, 2023
Weekly Market Commentary – 6/16/2023 -Darren Leavitt, CFA US equity markets continued to impress with another set of weekly gains. The mega-cap issues retook the lead, while small-cap issues lagged. Global central bank policy was top of mind for investors who...
by Kenny | Jun 11, 2023
Weekly Market Commentary – 6/9/2023 -Darren Leavitt, CFA The S&P 500 entered a new bull market, increasing 20% off the October lows. The move came with broader participation outside the mega-cap technology issues, responsible for most of the market’s...
by Kenny | Jun 3, 2023
Weekly Market Commentary – 6/2/2023 -Darren Leavitt, CFA Investors enjoyed an excellent week of gains in US equity markets. Washington finally got a debt ceiling deal through Congress and onto President Biden’s desk. On the margin, it appears that the...
