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...
by Kenny | Sep 25, 2022
Weekly Market Commentary – 9/23/2022 -Darren Leavitt, CFA It was another brutal week on Wall Street as global economic growth concerns aggravated sentiment. Investors sold risk assets in the wake of several rate hikes by global central banks. The Federal Reserve...
by Kenny | Sep 19, 2022
Weekly Market Commentary – 9/16/2022 -Darren Leavitt, CFA There was no place for investors to hide this week except in cash. A hotter than anticipated Consumer Price Index (CPI) caught most of Wall Street off guard and propelled the S&P 500 to its largest...
by Kenny | Sep 12, 2022
Weekly Market Commentary – 9/9/2022 -Darren Leavitt, CFA The holiday-shortened week felt like anything of the sort. Wall Street is back from summer break, and market action kicked right into high gear. After three straight weeks of losses that saw the S&P...
by Kenny | Sep 2, 2022
Weekly Market Commentary – 9/2/2022 -Darren Leavitt, CFA Global financial markets continued to sell off on hawkish rhetoric from the Federal Reserve and on the realization that rates will likely be higher and in place for a longer time horizon. Cleveland Fed...
by Kenny | Aug 29, 2022
Weekly Market Commentary – 8/26/2022 -Darren Leavitt, CFA Global financial markets were focused for most of the week on economic rhetoric from the annual Jackson Hole Economic Symposium hosted by the Kansas City Federal Reserve. Throughout the second half of...
by Kenny | Aug 22, 2022
Weekly Market Commentary – 8/19/2022 -Darren Leavitt, CFA US equities and bonds ended the week lower in an erratic fashion. Technically, the S&P 500 failed to surpass it’s 200- day moving average, which gave reason for investors to take profits. The...
by Kenny | Aug 14, 2022
Weekly Market Commentary – 8/12/2022 -Darren Leavitt, CFA Weaker than anticipated inflation data released in the second half of the week bolstered the peak inflation narrative and catalyzed the S&P 500 to the fourth week of gains. Of note, on a technical...
by Kenny | Aug 7, 2022
Weekly Market Commentary – 8/5/2022 -Darren Leavitt, CFA Despite a cautious start to the week, US equity markets posted gains for the third week. A tepid ISM manufacturing report coupled with uncertainties surrounding House Speaker Pelosi’s visit to Taiwan...
by Kenny | Aug 1, 2022
Weekly Market Commentary – 7/29/2022 -Darren Leavitt, CFA Investors faced the busiest week of the year as 175 companies representing 50% of the S&P 500’s market capitalization reported 2nd quarter earnings. The results were mixed and produced drastic swings...
by Kenny | Jul 24, 2022
Weekly Market Commentary – 7/22/2022 -Darren Leavitt, CFA US financial markets rallied over the week despite increasing economic growth concerns. A very weak BofA Fund Manager Survey validated a sense that some, if not most, of the coming economic weakness has...
by Kenny | Jul 17, 2022
Weekly Market Commentary – 7/15/2022 -Darren Leavitt, CFA It was an extremely busy week on Wall Street with a full calendar of economic data and the start of 2nd quarter earnings. Growth concerns fostered more selling in equities and commodities while the long...
by Kenny | Jul 11, 2022
Weekly Market Commentary – 7/8/2022 -Darren Leavitt, CFA The holiday-shortened week saw the US stock market bounce while US Treasuries gave up the bulk of their prior weeks’ gains. Economic data was highlighted by the June Employment Situation report that...
by Kenny | Jul 4, 2022
Weekly Market Commentary – 7/1/2022 -Darren Leavitt, CFA Markets took a step back after the prior week’s impressive rally. The same culprits showed up to dampen investors’ appetite for risk assets- growth concerns, inflation, and hawkish central bank rhetoric....
by Kenny | Jun 27, 2022
Weekly Market Commentary – 6/24/2022 -Darren Leavitt, CFA In a holiday-shortened week, financial markets bounced out of extreme oversold conditions. Mega-cap growth stocks outperformed value issues, mid-caps, and small caps. The Fed Chairman was on the hill in...
by Kenny | Jun 20, 2022
Weekly Market Commentary – 6/17/2022 -Darren Leavitt, CFA Investors sent global markets lower on recession fears induced by tighter central bank policies. The Federal Reserve announced that they would raise their policy rate by 75 basis points to a target of...
by Kenny | Jun 12, 2022
Weekly Market Commentary -6/10/2022 -Darren Leavitt, CFA Global growth concerns were raised throughout the week on multiple fronts. Central bank policy from the Eurozone, India, and Australia promoted tighter monetary policy. Higher fuel prices stoked fears of...
by Kenny | Jun 6, 2022
Weekly Market Commentary -6/3/2022 -Darren Leavitt, CFA Wall Street ended lower for the week as investors heard more hawkish rhetoric from Fed officials and economic warnings from two prominent CEOs. The holiday-shortened week produced another tranche of mixed Q1...
by Kenny | May 30, 2022
Weekly Market Commentary -5/27/2022 -Darren Leavitt, CFA Happy Memorial Day, and thank you to all that have served our great country. Global financial markets rallied as buy the dip investors finally showed up on Wall Street. US Markets were especially strong after...
