Weekly Market Commentary

Weekly Market Commentary – 9/23/2022 -Darren Leavitt, CFA It was another brutal week on Wall Street as global economic growth concerns aggravated sentiment. Investors sold risk assets in the wake of several rate hikes by global central banks. The Federal Reserve...

Weekly Market Commentary

Weekly Market Commentary – 9/16/2022 -Darren Leavitt, CFA There was no place for investors to hide this week except in cash. A hotter than anticipated Consumer Price Index (CPI) caught most of Wall Street off guard and propelled the S&P 500 to its largest...

Weekly Market Commentary

Weekly Market Commentary – 9/9/2022 -Darren Leavitt, CFA The holiday-shortened week felt like anything of the sort.  Wall Street is back from summer break, and market action kicked right into high gear.  After three straight weeks of losses that saw the S&P...

Weekly Market Commentary

Weekly Market Commentary – 9/2/2022 -Darren Leavitt, CFA Global financial markets continued to sell off on hawkish rhetoric from the Federal Reserve and on the realization that rates will likely be higher and in place for a longer time horizon. Cleveland Fed...

Weekly Market Commentary

Weekly Market Commentary – 8/26/2022 -Darren Leavitt, CFA Global financial markets were focused for most of the week on economic rhetoric from the annual Jackson Hole Economic Symposium hosted by the Kansas City Federal Reserve.  Throughout the second half of...

Weekly Market Commentary

Weekly Market Commentary – 8/19/2022 -Darren Leavitt, CFA US equities and bonds ended the week lower in an erratic fashion. Technically, the S&P 500 failed to surpass it’s 200- day moving average, which gave reason for investors to take profits. The...

Weekly Market Commentary

Weekly Market Commentary – 8/12/2022 -Darren Leavitt, CFA Weaker than anticipated inflation data released in the second half of the week bolstered the peak inflation narrative and catalyzed the S&P 500 to the fourth week of gains. Of note, on a technical...

Weekly Market Commentary

Weekly Market Commentary – 8/5/2022 -Darren Leavitt, CFA Despite a cautious start to the week, US equity markets posted gains for the third week. A tepid ISM manufacturing report coupled with uncertainties surrounding House Speaker Pelosi’s visit to Taiwan...

Weekly Market Commentary

Weekly Market Commentary – 7/29/2022 -Darren Leavitt, CFA Investors faced the busiest week of the year as 175 companies representing 50% of the S&P 500’s market capitalization reported 2nd quarter earnings. The results were mixed and produced drastic swings...

Weekly Market Commentary

Weekly Market Commentary – 7/22/2022 -Darren Leavitt, CFA US financial markets rallied over the week despite increasing economic growth concerns. A very weak BofA Fund Manager Survey validated a sense that some, if not most, of the coming economic weakness has...

Weekly Market Commentary

Weekly Market Commentary – 7/15/2022 -Darren Leavitt, CFA It was an extremely busy week on Wall Street with a full calendar of economic data and the start of 2nd quarter earnings. Growth concerns fostered more selling in equities and commodities while the long...

Weekly Market Commentary

Weekly Market Commentary – 7/8/2022 -Darren Leavitt, CFA The holiday-shortened week saw the US stock market bounce while US Treasuries gave up the bulk of their prior weeks’ gains. Economic data was highlighted by the June Employment Situation report that...

Weekly Market Commentary

Weekly Market Commentary – 7/1/2022 -Darren Leavitt, CFA Markets took a step back after the prior week’s impressive rally. The same culprits showed up to dampen investors’ appetite for risk assets- growth concerns, inflation, and hawkish central bank rhetoric....

Weekly Market Commentary

Weekly Market Commentary – 6/24/2022 -Darren Leavitt, CFA In a holiday-shortened week, financial markets bounced out of extreme oversold conditions.  Mega-cap growth stocks outperformed value issues, mid-caps, and small caps.  The Fed Chairman was on the hill in...

Weekly Market Commentary

Weekly Market Commentary – 6/17/2022 -Darren Leavitt, CFA Investors sent global markets lower on recession fears induced by tighter central bank policies. The Federal Reserve announced that they would raise their policy rate by 75 basis points to a target of...

Weekly Market Commentary

Weekly Market Commentary -6/10/2022 -Darren Leavitt, CFA Global growth concerns were raised throughout the week on multiple fronts. Central bank policy from the Eurozone, India, and Australia promoted tighter monetary policy. Higher fuel prices stoked fears of...

Weekly Market Commentary

Weekly Market Commentary -6/3/2022 -Darren Leavitt, CFA Wall Street ended lower for the week as investors heard more hawkish rhetoric from Fed officials and economic warnings from two prominent CEOs.  The holiday-shortened week produced another tranche of mixed Q1...

Weekly Market Commentary

Weekly Market Commentary -5/27/2022 -Darren Leavitt, CFA Happy Memorial Day, and thank you to all that have served our great country. Global financial markets rallied as buy the dip investors finally showed up on Wall Street. US Markets were especially strong after...

Weekly Market Commentary

Weekly Market Commentary -5/20/2022 -Darren Leavitt, CFA US markets continued to sell off while developed international and emerging markets traded higher. Disappointing Q1 earnings results from the retailers cast some doubt on the health of the US consumer and...

Weekly Market Commentary

Weekly Market Commentary -5/13/2022 -Darren Leavitt, CFA Investors endured another tough week as financial markets continued to digest robust inflation data, mixed Q1 earnings, and fears that global growth will continue to slow. Economic data was centered on the...

Weekly Market Commentary

Weekly Market Commentary -5/6/2022 -Darren Leavitt, CFA It was an extremely busy and volatile week on Wall Street.  The Federal Reserve’s May FOMC meeting statement was top of mind for investors and came in as expected.  However, post statement Q&A added...

Weekly Monthly Commentary

Weekly Monthly Commentary – April ’22 -Darren Leavitt, CFA Global financial markets had a rough month in April. Inflation continued to be top of mind for investors as data continued to show historic increases in prices. The Federal Reserve still appears to...

Weekly Market Commentary

Weekly Market Commentary -4/22/2022 -Darren Leavitt, CFA Financial asset classes had a tough week as global growth concerns were stoked by more hawkish commentary from Fed Presidents and mixed earnings results from corporate America. Economic data showed mixed results...

Weekly Market Commentary

Weekly Market Commentary -4/15/2022 -Darren Leavitt, CFA First-quarter earnings season kicked off with mixed results from the financials and positive results from the airlines. The holiday-shortened week found US equities taking one step forward only to subsequently...

Weekly Market Commentary

Weekly Market Commentary -4/8/2022 -Darren Leavitt, CFA Fed rhetoric sent yields higher across the curve, with longer duration Treasuries taking the brunt of the sell-off. Higher yields pressured growth stocks and favored defensive sectors such as the Utilities,...