by Kenny | Feb 20, 2023
Weekly Market Commentary – 2/17/2023 -Darren Leavitt, CFA US equity markets finished the week mixed, as economic data reported during the week indicated that inflation remains elevated. Fed rhetoric was prevalent and had a more hawkish tilt. Cleveland Fed...
by Kenny | Feb 12, 2023
Weekly Market Commentary – 2/10/2023 -Darren Leavitt, CFA Wall Street pulled in its horns last week as investors sensed the market was overbought. Concerns about the outlook for corporate earnings and historically high valuations tempered buyers’ enthusiasm for...
by Kenny | Feb 5, 2023
Weekly Market Commentary – 2/3/2023 -Darren Leavitt, CFA Investors were hit with a full dose of market-moving events and data throughout the week. The Federal Reserve, Bank of England, and European Central Bank increased their respective policy rates. The Fed...
by Kenny | Jan 22, 2023
Weekly Market Commentary – 1/20/2023 -Darren Leavitt, CFA Inflation data showed prices easing in the US and Europe while Japanese CPI hit a level not seen since the 1980s. The downtrend in US producer prices, coupled with weaker-than-expected US retail sales...
by Kenny | Jan 16, 2023
Weekly Market Commentary – 1/13/2023 -Darren Leavitt, CFA Equity markets continued to rally in the second week of January as investors considered the idea of a Fed-orchestrated soft landing. An inline December CPI showed consumer prices falling on the headline...
by Kenny | Jan 9, 2023
Weekly Market Commentary – 1/6/2023 -Darren Leavitt, CFA The start of the New Year brought volatility with it. Markets sold off early in the week and tested a critical technical level on the S&P 500 (3800), then bounced significantly to regain support and...
by Kenny | Jan 3, 2023
Weekly Market Commentary – 12/30/2022 -Darren Leavitt, CFA Financial markets finished the final week of 2022 trading with a whimper. Year-end tax-loss harvesting and asset class rebalancing accounted for much of the volume in light trade. The technical level...
by Kenny | Dec 26, 2022
Weekly Market Commentary – 12/23/2022 -Darren Leavitt, CFA The S&P 500 incurred its third straight weekly loss as investors assessed the increasing likelihood of a global recession and its impact on current earnings estimates. Markets also had to contend...
by Kenny | Dec 18, 2022
Weekly Market Commentary – 12/16/2022 -Darren Leavitt, CFA US equity markets started the week recouping from last week’s losses in hopes of a cooler CPI print and a more dovish stance from the Federal Reserve Open Market Committee. Investors did cheer a...
by Kenny | Dec 10, 2022
Weekly Market Commentary – 12/9/2022 -Darren Leavitt, CFA Markets gave back gains inked over the last couple of weeks as investors pulled off risk in front of the upcoming Federal Reserve Open Market Committee meeting. The market expects the Fed to increase its...
by Kenny | Dec 4, 2022
Weekly Market Commentary – 12/2/2022 -Darren Leavitt, CFA The week started with concerns regarding China’s Zero Covid policy which has led to protests stemming from continued lockdowns. Initial concerns were tempered by reports suggesting China would slowly...
by Kenny | Nov 27, 2022
Weekly Market Commentary – 11/25/2022 -Darren Leavitt, CFA Investors pushed US equities and Treasuries higher in light volume trade. The holiday-shortened week was packed with all kinds of news. A spike in Covid cases in China increased lockdown measures and...
by Kenny | Nov 21, 2022
Weekly Market Commentary – 11/18/2022 -Darren Leavitt, CFA Investors continued to digest the market’s recent strength and questioned if there is more upside to the move. There was no lack of hawkish Fed speak throughout the week. St. Louis Fed President Bullard...
by Kenny | Nov 13, 2022
Weekly Market Commentary – 11/11/2022 -Darren Leavitt, CFA “Bar the door Katie” What an extraordinary week on Wall Street. Tuesday’s Midterm elections, coupled with a Crypto stalwart blow-up, were accompanied by a better-than-expected Consumer Price Index...
by Kenny | Nov 6, 2022
Weekly Market Commentary – 11/4/2022 -Darren Leavitt, CFA Wall Street incurred another week of losses as investors digested another 75 basis point rate hike from the Federal Reserve. Hopes of a pivot away from a hawkish stance were diminished when Fed Chairman...
by Kenny | Oct 30, 2022
Weekly Market Commentary – 10/28/2022 -Darren Leavitt, CFA US financial markets followed through with another week of gains as investors gravitated toward the notion that the Fed would temper its monetary policy after the November meeting. Less-than-expected...
by Kenny | Oct 22, 2022
Weekly Market Commentary – 10/21/2022 -Darren Leavitt, CFA Investors enjoyed a nice rally as Fed rhetoric suggested a less hawkish policy path. The rhetoric was backed by Nick Timiraos, a Fed pundit, who published an article in the Wall Street Journal that...
by Kenny | Oct 16, 2022
Weekly Market Commentary – 10/14/2022 -Darren Leavitt, CFA Capital markets continued to be extremely volatile. All eyes were on the US Consumer Price Index (CPI) print on Thursday, which showed no signs of inflation moderating. The headline number increased by...
by Kenny | Oct 10, 2022
Weekly Market Commentary – 10/7/2022 -Darren Leavitt, CFA Wall Street started the week with a broad rally but ended with a sizeable sell-off. The rally was predicated on a reversal in fiscal policy by new UK Prime Minster Liz Truss. Conflicting fiscal and...
by Kenny | Oct 3, 2022
Weekly Market Commentary – 9/30/2022 -Darren Leavitt, CFA Global financial markets ended a difficult month of September with losses. Worries of a systemic breakdown in financial markets were induced by the extreme sell-offs in British Gilts and the British...
