Market Commentary 

Market Commentary – July 22nd, 2024

Broad equity finished mixed for the week with the style rotation trade in full effect. The S&P 500 was down for the week, losing 1.97% The Dow Jones Industrial Average was up by 0.72% The Nasdaq Composite was down by 3.65% The 10-Year Treasury closed at 4.25% The...

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Market Commentary – July 15th, 2024

Equity markets reacted positively to CPI news with the Russell 2000 having a breakout week, finishing up 6%. The other broad indices were up, with the Dow leading. The S&P 500 was up for the week, gaining 0.87% The Dow Jones Industrial Average led, ending up 1.59%...

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Market Commentary – July 8th, 2024

Broad equity finished higher for the week, with the S&P 500 and the Nasdaq indices both reaching record highs. The S&P 500 was up for the week, gaining 1.95% The Dow Jones Industrial Average was up by 0.66% The Nasdaq Composite was up by 3.50% The 10-Year...

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Market Commentary – July 1st, 2024

Broad equity finished mixed for the trading week. The S&P 500 was down for the week, falling -0.08% The Dow Jones Industrial Average fell by -0.08% The Nasdaq Composite finished up 0.24% The 10-Year Treasury closed at 4.39% The Conference Board’s (CB) Consumer...

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Market Commentary – June 24th, 2024

Broad equity finished mostly higher for the short trading week. The S&P 500 was up for the week, gaining 0.61% The Dow Jones Industrial Average was up by 1.45% The Nasdaq Composite finished flat at 0.00% The 10-Year Treasury closed at 4.25% The week was relatively...

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Market Commentary – June 17th, 2024

Markets were mixed for the week following a rate rally led by softer Consumer Price Index (CPI) numbers and a Fed decision to leave rates unchanged: The S&P 500 was up near-record levels for the week, gaining 1.58% The Dow Jones Industrial Average fell by 0.54%...

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Market Commentary – June 10th, 2024

Broad equity finished higher for the week in spite of a stronger-than-expected jobs report. The S&P 500 was up near-record levels for the week, gaining 1.32% The Dow Jones Industrial Average was up by 0.29% The Nasdaq Composite finished higher by 2.38% The 10-year...

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Market Commentary – June 3rd, 2024

With concerns over a cooling gross domestic product (GDP) number, broad equity indices were down for the week. The S&P 500 turned negative, falling 0.51% The Dow Jones Industrial Average was down by 0.98% The Nasdaq Composite finished lower by 1.10% The 10-Year...

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Market Commentary – May 28th, 2024

Broad equities were mixed for the week with the Nasdaq posting a fifth straight weekly gain. The S&P 500 was flat for the week, gaining 0.03% The Dow Jones Industrial Average was down by 2.33% The Nasdaq Composite finished higher by 1.41% The 10-Year Treasury...

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Market Commentary – May 20th, 2024

Equity markets continued their trend upwards as the Dow finished the week above 40,000 for the first time ever:   The S&P 500 was up for the week, gaining 1.54% The Dow Jones Industrial Average was up 1.24% The Nasdaq Composite finished higher by 2.11% The...

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