Weekly Market Commentary

Weekly Market Commentary – 1/28/2022 -Darren Leavitt, CFA A hectic week on Wall Street featured the Federal Open Market Committee meeting statement, more fourth-quarter corporate earnings reports, and increased geopolitical tensions with Russia. The Federal...

Weekly Market Commentary

Weekly Market Commentary – 1/21/2022 -Darren Leavitt, CFA It was another brutal week for investors as global markets continued to sell-off. Concerns regarding the path of global central bank policy and a lackluster start of fourth-quarter earnings weighed on...

Weekly Market Commentary

Weekly Market Commentary – 1/14/2022 -Darren Leavitt, CFA US Financial markets fell across the board as investors got a full dose of Federal Reserve rhetoric and were underwhelmed by the start of fourth-quarter earnings. The S&P 500 was also unable to bounce...

Weekly Market Commentary

Weekly Market Commentary – 1/7/2022 -Darren Leavitt, CFA US financial markets fell in the first week of 2022 after the S&P 500 hit an all-time high on Monday. The release of the December Federal Open Market Committee minutes revealed a much more hawkish Fed....

Weekly Market Commentary

Weekly Market Commentary – 12/31/2021 -Darren Leavitt, CFA Financial market action in the final week of the year was relatively muted.  A mild Santa Clause rally did ensue as seasonal factors such as rebalancing and window dressing kicked in.  Investors got a...

Weekly Market Commentary

Weekly Market Commentary – 12/23/2021 -Darren Leavitt, CFA The holiday-shortened week produced another all-time high for the S&P 500 as investors looked past the ramifications of the Omicron variant and bought last week’s market dip.  Technically, the...

Weekly Market Commentary

-Darren Leavitt, CFA US equity markets fell across the board as global central banks moved to decrease their quantitative easing initiatives.  In the US, the Federal Reserve announced that it would double the pace of its taper to $30 billion a month and conclude its...

Weekly Market Commentary

Weekly Market Commentary – 12/10/2021 -Darren Leavitt, CFA US equity markets rebounded nicely over the week as fears of the Omicron variant subsided.  It appears the variant, while more contagious, is less severe.  Sentiment was also bolstered by Pfizer’s...

Weekly Market Commentary

Weekly Market Commentary – 12/3/2021 -Darren Leavitt, CFA Markets continued to be volatile in the first week of December.  Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen struck a more hawkish tone during their semiannual testimony in front of...

Weekly Market Commentary

Weekly Market Commentary – 11/26/2021 -Darren Leavitt, CFA The holiday-shortened week turned into a wild ride for investors as a new variant of Covid upended the reflation trade, which sent volatility through the roof.  The new variant called Omicron was first...

Weekly Market Commentary

Weekly Market Commentary – 11/19/2021 -Darren Leavitt, CFA US financial markets ended the week mixed.  Mega-cap Growth stocks pushed the S&P 500 and Nasdaq to another set of all-time highs while cyclical issues and small caps lagged, hindering the Dow and...

Weekly Market Commentary

Weekly Market Commentary – 11/12/2021 -Darren Leavitt, CFA US financial markets fell from record-high levels as increases in inflation continued to weigh on investor sentiment.  The tape was full of corporate news highlighted by the break-ups of General Electric...

Weekly Market Commentary

Weekly Market Commentary – 11/5/2021 -Darren Leavitt, CFA Wow-what a week on Wall Street!  US equity indices hit another set of all-time closing highs. Market sentiment was bolstered on several different fronts.  3rd quarter corporate earnings continued to...

Weekly Market Commentary

Weekly Market Commentary – 10/29/2021 -Darren Leavitt, CFA Wall Street faced a deluge of corporate earnings in the final week of October.  Generally, reports were better than expected but tempered by management concerns related to the current state of the global...

Weekly Market Commentary

Weekly Market Commentary – 10/22/2021 -Darren Leavitt, CFA US financial markets rallied throughout most of the week, with the S&P 500 touching a new intraday high and the Dow closing at a new all-time high.  Corporate earnings dominated the headlines and...

Weekly Market Commentary

Weekly Market Commentary – 10/15/2021 -Darren Leavitt, CFA US Financial markets rallied across the board on a solid start to the 3rd quarter corporate earnings season.  The Consumer Discretionary sector led gains with a 3.6% advance off of much better than...

Weekly Market Commentary

Weekly Market Commentary – 10/15/2021 -Darren Leavitt, CFA US Financial markets rallied across the board on a solid start to the 3rd quarter corporate earnings season.  The Consumer Discretionary sector led gains with a 3.6% advance off of much better than...

Weekly Market Commentary

Weekly Market Commentary – 10/8/2021 -Darren Leavitt, CFA Markets started the week lower but were able to recover losses and make slight gains by the end of the week.  Concerns regarding the debt ceiling, the static state of the infrastructure bill, raw...

Weekly Market Commentary

Weekly Market Commentary – 10/1/2021 -Darren Leavitt, CFA Financial markets took a step back in the final week of the third quarter.  Increased inflation expectations pushed US Treasury yields higher, which induced valuation concerns on large-cap growth stocks....

Weekly Market Commentary

Weekly Market Commentary – 9/24/2021 -Darren Leavitt, CFA Financial markets had a rollercoaster ride over the week that started on fears that one of China’s largest land developers would default on their debt which stoked rhetoric of a systematic breakdown in...

Weekly Market Commentary

Weekly Market Commentary – 9/17/2021 -Darren Leavitt, CFA US financial markets endured another week of losses that ended with the S&P 500 closing below its 50-day moving average on a quadruple witch expiration.  Although investors were treated to better than...

Weekly Market Commentary

Weekly Market Commentary – 9/10/2021 -Darren Leavitt, CFA The holiday-shortened week produced negative returns across the board for US equity indices.  The month of September has historically been a tough month for equities, and given the outsized moves we have...

Weekly Market Commentary

Weekly Market Commentary – 9/3/2021 -Darren Leavitt, CFA Mega-cap technology issues pushed markets to another set of all-time highs in front of the Labor Day weekend holiday as traders rotated out of issues tied to the reflation trade.  Ironically, growth issues...

Weekly Market Commentary

Weekly Market Commentary – 8/27/2021 -Darren Leavitt, CFA It was a hectic news week. The S&P 500 and NASDAQ hit a set of new all-time highs as Wall Street and global central banks focused on Federal Reserve rhetoric from the virtual economic symposium at...

Weekly Market Commentary

Weekly Market Commentary – 8/20/2021 -Darren Leavitt, CFA US Financial markets fell from their recent all-time highs on fears that economic growth could falter.  Traders rotated out of the reflation trade as Covid infection rates increased and the efficacy of...