From expectations beating GDP, to a record rise in household income, and a flood of corporate earnings, the final week of April was anything but light on news. Although the market ended flat last week, that did not stop the S&P 500 Index from finishing up over 5% for the month. After a first-quarter rotation […]
After four straight weeks of gains from the S&P 500 Index, last week broke the trend and ended the week slightly in the red. Stocks spent the week digesting mixed news from COVID-19 infections increasing globally, most notably in Asia, to the lowest weekly unemployment claims since the pandemic began. Being in the heart of […]
Economic Recovery Optimism surrounding the economy reopening built steadily over the first quarter. 22% of the U.S. population is now fully vaccinated against COVID-19, with another 14% receiving the first dose. Many states are rolling back COVID-19 restrictions, some more aggressively than others. Texas Governor Greg Abbott announced on March 2nd he was “opening Texas […]
Last week ended with the S&P 500 Index up over 2%, the third straight week the benchmark has finished in positive territory. Much of this gain was generated right from the market open on Monday morning as the stock market got its first chance to trade the expectation beating the March jobs report, which was […]
The first quarter ended with last week continuing the trend of the previous four with stocks finishing higher. However, the sectors leading the market higher were not the ones we have become accustomed to seeing lead the charge. As rates on the 10-year U.S. Treasury rose 0.81% during the quarter, value stocks were provided a […]
Have you ever been on your last day of vacation and thought, “Gosh, we should do this more often.”? Don’t get me wrong—I could go somewhere every quarter and still have that feeling. Have you had an argument with your significant other over a big purchase? Most of us have been there. We all struggle […]
Apr 01st, 2021
A familiar story continued last week with Treasury yields dictating the stock market’s direction. The 10-year U.S. Treasury bond was relatively stable through the beginning of the week, giving the stock market confidence and sending the technology-dominant Nasdaq Index to a 2% gain by Wednesday afternoon. Then Federal Reserve Chair Jerome Powell’s press conference was […]
The week’s theme changed during Friday trading after President Biden signed a record $1.9 billion stimulus bill into law and gave an optimistic speech on the U.S. economy. The President moved up the goalposts on his “return to normal” plan, which increased optimism for higher U.S. GDP growth, and sent the 10-year U.S. Treasury bond […]