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Last Week in Review ā January 20, 2023
Last week, the major indexes ended mixed as recession fears appeared to weigh on sentiment. The narrowly focused Dow Jones Industrial Average performed worst. It gave back a portion of its strong rally in the first two weeks of the year, while the technology-heavy Nasdaq Composite recorded a modest gain.
Last Week in Review – January 13, 2023
I hope you are celebrating the life of Martin Luther King.
Stocks recorded second consecutive positive gains last week as investors weighed vital inflation data and quarterly earnings reporting season kicked off in earnest on Friday.
Global Market Commentary – December 2022
2022 was a brutal year even if its final quarter was slightly less so. Global equities fell 3.94% in December, but still managed to gain 9.76% for the quarter, making Q4 the yearās best for the MSCI All-Country World Index. That said, the ACWI tanked -18.36% in 2022,...
Last Week in Review ā January 6, 2023
Last Week In ReviewA Friday rally following an encouraging jobs report left the major indexes with a gain to start the year. Communication services stocks led the gains, helped by rallies in Charter Communications, Netflix, and Facebook parent Meta Platforms. Trading...
Last Week in Review ā December 23, 2022
Last Week In ReviewLast week major indexes were mixed in generally quiet holiday season trading. The Dow Jones Industrial Average and S&P MidCap 400 Index recorded modest gains, while the Nasdaq Composite dropped nearly 2% despite recording its best daily gain...
Last Week in Review ā December 16, 2022
Fears over rising interest rates pushed the S&P 500 Index lower for a second consecutive week and to levels last seen in early November. Nearly every sector within the index recorded sharp losses, except for energy shares, which were supported by a partial rebound in oil prices.
Last Week in Review ā December 9, 2022
Last week, stocks gave back much of the previous two weeksā gains as some surprisingly strong economic data dampened hopes that the Federal Reserve might soon be able to curb its program of raising interest rates to cool inflation. The S&P 500 Index recorded its worst return in five weeks, while the small-cap Russell 2000 Index endured its worst week since late September.
Global Market Commentary November 2022
Global Equities marched 7.76% higher in November following Octoberās 6.03% rally. The MSCI All-Country World Index is now up 14.26% in 2022ās final quarter, but still down 15.02% on the year. Stock prices soared on the final trading day in November after U.S. Federal Reserve Chair Jerome Powell said in a speech to the Brookings Institute that the pace of interest rate hikes will likely slow as soon as its December meeting.
Last Week in Review ā December 2, 2022
Last week the major U.S. equity indexes ended higher, buoyed by the possibility that the Federal Reserve may slow the pace of its interest rate increases. Growth stocks outperformed their value counterparts in the S&P 500 Index, while the technology-heavy Nasdaq Composite Index posted solid gains. However, the ātraditional economyā Dow Jones Industrial Average (DJIA) took a bit of a breather and ended modestly higher.
Global Market Commentary October 2022
Global Equities rallied 6.03% in October following Septemberās worst monthly showing since the Coronavirus pandemic shook global markets in March 2020. Still, the MSCI All-Country World Index remains in bear market territory and is down 21.14% on the year ā marking its third-worst 10-month start to a year since the 2008 financial crisis and the 2001 dot-com collapse. In the U.S., equity indexes finished higher following a GDP report that came in above expectations growing 2.6% in the third quarter.
Last Week in Review ā November 4, 2022
Last week stocks fell after the Federal Reserve dashed market hopes for an impending pivot in monetary policy in the form of a pause or slower pace of rate hikes. The technology-heavy Nasdaq Composite Index was hit particularly hard as growth stocks declined more than value companies. The Dow Jones Industrial Average held up much better, extending its relative outperformance from October.
Last Week in Review ā October 28, 2022
Last Week In ReviewLast week stocks were higher but offered widely divergent returns for the week as investors reacted to a busy calendar of third-quarter earnings reports. Energy and other industrial economy stocks handily outperformed growth shares, with the latter...