After spending a few weeks in the background, COVID-19 risk stepped front and center last week. Hot spots emerged around the country, forcing officials to slow state re-opening plans and even reinstate some measures we became accustomed to during quarantine. The resurgence of COVID-19 cases has pushed the stock market to question whether a V-shaped […]
After a week of positives from May retail sales results and additional easing measures from the Federal Reserve, the market rebounded from a down week and ended in positive territory. Friday took a step back as a familiar foe in the COVID-19 pandemic reminded us there is still a long way to go before we […]
After a two-month rally, we were quickly reminded that risks remain in the stock market, sending the S&P 500 to its worst week since the depths of the COVID pandemic in March. The stock market seemed to be looking past negative data recently, but when the Federal Reserve released new growth estimates last week, the […]
June picked up right where May left off with the S&P 500 Index finishing off another positive week. Friday overshadowed earlier parts of the week when the May jobs report was released. Many predicted May would be the worst month of job losses since the Great Depression era. Instead, we witnessed job growth, and not […]
May trading came to an end Friday and posted another impressive month of gains, despite uncertainty in the economy. Like April, May reminded us that the stock market and economy are different entities, and one does not always tell the story of the other. The stock market continues to look past the dismal economic reports […]
Economic data released last week gave us a glimpse into the damage left behind by the country’s economic shutdown during April. Retail sales, industrial production, and inflation data were all released, and like every other data point we have seen in recent weeks, there was a significant drop. As a result, the stock market finished […]
The S&P 500 Index reversed a couple of negative weeks and finished well into the green last week, pushing the index up more than 30% over the past seven weeks. The technology-dominated NASDAQ Index is now in positive territory for the year, as tech companies have led the market higher from its low in late […]
Coming off the worst quarter in over a decade, the S&P 500 just posted its strongest month since 1987. This happened amid 30 million people (in just six weeks) filing unemployment claims, declining economic data, and human suffering from the COVID-19 pandemic. First-quarter GDP was released last week, giving us the first look at how […]