Market Commentary

August 14, 2017 - Market Update

Red numbers were the theme last week. Stocks, commodities, interest rates, and the U.S. dollar all lost ground on the week. Tuesday brought an end to one of the top 10 longest streaks of consecutive record closes (9) for the DJIA. There have only been four such streaks since 1896 that have lasted longer. [...]

August 7th, 2017 - Market Update

Peak second quarter earnings season is being supplanted with peak vacation season as we head into the heart of August. U.S. and international larger companies posted gains while smaller companies and bond yields fell slightly on the week. [...]

July 31st, 2017 - Market Update

Despite closing slightly lower last week, the S&P 500 marked its 29th record high and the NASDAQ hit its 44th. The NASDAQ is within shouting distance of 1999 (61) in terms of number of record closing highs in a single year. [...]

July 24th, 2017 - Market Update

Last week saw most major U.S. equity indices post new highs while interest rates drifted lower for the second week in a row. The S&P 500's return thus far in 2017 has been driven largely by technology (23.7%) and healthcare (18.6%), while energy and telecom stocks are both down double digits. The weak dollar trend continued last week with both the Euro and Yen moving higher versus the U.S. dollar. [...]

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