Last week was a display of the tug of war match in the stock market, leading to less than a 1% loss for the S&P 500 Index. On the one hand, multiple pharmaceutical companies have reported positive results on COVID-19 vaccines, providing optimism that there is light at the end of this pandemic tunnel. Although […]
The S&P 500 Index notched its second consecutive week of gains after the optimism that followed positive results from a potential COVID-19 vaccine. The opportunity for a vaccine to provide consumers a chance to return to a more pre-COVID life sent the often-lagging value stocks into rally mode while questioning some technology stock’s durability. Despite […]
In a week filled with uncertainty surrounding the election and a sharp rise in COVID-19 cases, a fair guess would be the stock market had a rough week. Remarkably, the S&P 500 posted its best weekly gain since April. It was a week driven by headlines and expectations of what might come from the U.S. […]
October ended with a trifecta of uncertainty: the rise of COVID-19 cases, additional fiscal stimulus unlikely until 2021, and the presidential election, all leading to over a 5% loss last week and another negative month for the stock market. Record-breaking third-quarter GDP was not enough to offset macroeconomic uncertainty or disappointing earnings from some of […]
Economic Recovery The disruption brought by the Coronavirus continues to drive the economic and market themes in 2020. While the pace of reopening has slowed from the second quarter, high-frequency data shows a positive trend as our economy continues to recover. Consumer transactions, which fell by 37% at the shutdown peak, are now only 4% […]
Despite three straight negative days, the S&P 500 Index eked out a gain for the week. Economic data and corporate earnings, specifically banks, provided optimism for the market that earnings season could be better than initially anticipated. However, the uncertainty that is growing into norms, such as fiscal stimulus, the presidential election, and COVID-19 outweighed […]
The S&P 500 Index closed in positive territory once again last week, continuing a strong start to October after a rocky September. Despite plenty of potentially market-moving events, the only words that mattered last week were “fiscal stimulus.” President Trump sent markets into a panic early in the week when he announced a stimulus bill […]
Last week marked the close of the third quarter and September trading. While the quarter ended with a strong positive return, we experienced some weakness in the final month. September marked the first negative month since the COVID-19 pandemic began in March. Last week may have offered a turning point as Congress restarted negotiations for […]