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Technicals Check-In

On December 3, 2019, Posted by , In Weekly Market Commentary, With No Comments

Market momentum, global participation, and technical support all provide reasons to think gains may not be over for 2019. While volatility is always possible, record highs need not be be feared, and seasonal tendencies may remain a tailwind. MORE ROOM TO RUN The S&P 500 Index is currently on pace…

Lower Valuations Offer Long-Term Opportunity

On January 8, 2019, Posted by , In Weekly Market Commentary, With No Comments

This week, we look at stock valuations to try to gauge the potential opportunity for stocks. Amid the dizzying volatility and news cycle that investors have had to deal with lately, it can be difficult for many investors to take a step back and see beyond the daily headlines. We…

That Sure Felt Like a Bear

On January 3, 2019, Posted by , In Weekly Market Commentary, With No Comments

While technically not a bear market, it sure felt like one. From its September 20 high through Christmas Eve, the S&P 500 Index fell 19.8%, including a more than 7% one-week (December 14–21) decline unmatched since the 2008–09 financial crisis. Should the S&P 500 end the month where it closed…

Retest

On December 11, 2018, Posted by , In Weekly Market Commentary, With No Comments

We view last week’s market decline as a retest of the October–November lows. The S&P 500 Index fell 4.6% last week, leaving the index in line with the low of the autumn correction and 10% off the September highs. Losses were driven primarily by three issues: the risk that U.S.-China…

Strong Week Ahead of Big Weekend

On December 4, 2018, Posted by , In Weekly Market Commentary, With No Comments

It was a great week for the stock market. The S&P 500 Index rallied 4.9% last week, leaving the index less than 6% from its record high, on September 20, 2018 (excluding today’s gains). Gains were driven by increasing optimism (now proven to be warranted) for progress on U.S.-China trade…

Corporate America Impresses Again

On November 27, 2018, Posted by , In Weekly Market Commentary, With No Comments

Corporate America produced another outstanding earnings season. We expected another quarter of strong earnings growth, and corporate America delivered even more than we anticipated. Third quarter numbers were excellent, even if the boost from the new tax law is excluded, as has been the case throughout this year. Revenue and…

The Crude Reality of Oil’s Bear Market

On November 20, 2018, Posted by , In Weekly Market Commentary, With No Comments

Oil has garnered a lot of attention from market watchers in recent weeks after entering a bear market and posting a record 12-day losing streak from October 29 through November 13 that left the commodity 27% off its recent high. It has been a frustrating year for energy investors because…

Midterm Takeaways

On November 13, 2018, Posted by , In Weekly Market Commentary, With No Comments

In last week’s midterm election, Republicans held onto the Senate and the Democrats claimed control of the House, bringing potential gridlock to Congress. This week we discuss some investment implications, including highlighting the positive seasonal tailwinds now in place for stocks. We also discuss potential winners and losers at the…

The Bright Side

On November 6, 2018, Posted by , In Weekly Market Commentary, With No Comments

“It is always darkest just before the day dawneth.” Thomas Fuller | English theologian and historian The quote above is better known today as “It is always the darkest just before dawn.” Well, October was one of the worst months we’ve seen in years for stocks, but we see a…

Another Tough Week

On October 30, 2018, Posted by , In Weekly Market Commentary, With No Comments

It was another tough week for stocks. The S&P 500 Index was down just shy of 4% last week, briefly dipping intraday into correction territory (more than 10% off the all-time high) and putting October on track to be the weakest month for stocks since the financial crisis. Concern about…