Weekly Market Recap | September 25, 2023

Week in Review Equity Markets: A spike in yields led to a down week for the markets. The S&P 500 finished the week down 2.9% and the NASDAQ finished the week down 3.6%. The market selloff was broad but investors favored Large Cap Value over its growth counterpart. Large-Cap Value finished the week -2.6% while Large-Cap Growth was down 3.4%1….

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Weekly Market Recap | September 18, 2023

Week in Review Equity Markets: The markets were relatively flat last week. The S&P 500 ended the week down 0.1%. A reversal of the year-to-date style trend occurred last week. Large-Cap Value finished the week up 0.5% as investors moved to more defensive sectors, and Large-Cap Growth sold off 0.7%1. Concerns about the inflation outlook increased as energy prices have…

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Weekly Market Recap | September 11, 2023

Week in Review Equity Markets: The S&P 500 fell 1.26% for the week. Fears of continued inflationary pressures have investors concerned about the future of interest rates. Contributing factors include the strong Service PMI report, which included a surprising increase in prices paid, and the 30% run in oil since June. Large-cap growth continued its outperformance last week by ending…

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Weekly Market Recap | September 5, 2023

Week in Review Equity Markets: A late monthly rally was not enough to push the S&P 500 positive for the month of August. The S&P ended the month down 1.8%, snapping a 5-month string of positive results. The energy sector was the only one to finish the month positive, despite a 47% decline in year-over-year earnings growth1. Last week saw…

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Weekly Market Recap | August 28, 2023

Week in Review Equity Markets: The markets ended the week strong on Friday following the comments from the Jackson Hole Summit. The S&P 500 ended the week up 0.8%. The NASDAQ surged 2.3%, fueled by robust earnings reports from companies in the technology sector. The growth-to-value performance spread widened last week. Large-cap growth is up 27.8% year-to-date while Large-Cap Value…

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Weekly Market Recap | August 21, 2023

Week in Review Equity Markets: The major markets experienced steep sell-offs last week. The S&P 500 ended the week down 2.6% and the NASDAQ finished the week down 2.6%. The first half of the year was dominated by Large-Cap Growth, specifically the technology sector, but the tide has shifted so far this quarter. The Russell 1000 Growth Index is down…

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Weekly Market Recap | August 14, 2023

Week in Review Equity Markets: The S&P 500 and NASDAQ sold off for the second consecutive week. The S&P 500 ended down 0.3% and the NASDAQ declined 1.9%. Value was the lone winner for the week, with the Dow ending up 0.7% and the Russell 1000 Value finished up 0.33%. The outperformance closed the value-growth spread, but large-cap growth still…

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Weekly Market Recap | August 7, 2023

Week in Review Equity Markets: The markets sold off this week as the U.S. debt downgrade frightened the markets. The S&P 500 ended down 2.3% despite large earnings beats by some of the index’s largest members. Large Cap Growth continues its dominance for the year, up 29.4%. Large-Cap Value lags by a large margin year-to-date, up by 6.8%1. 84% of…

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Weekly Market Recap | July 31, 2023

Week in Review Equity Markets: Choppiness returned to the markets amidst a busy week of earnings data, economic reports, and the important Federal Open Market Committee (FOMC) policy decision. Despite the mid-week volatility, markets finished higher. The S&P 500 finished the week up 1% bringing its year-to-date return to 20.5%. Last week saw the DJIA snap its multiple-week winning streak….

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Weekly Market Recap | July 24, 2023

Week in Review Equity Markets: The S&P 500 finished the week up 0.7%, behind the DJIA rally of 2.1%. The NASDAQ fell 0.6% as investors pulled away from growth stocks in favor of their value counterparts1. Earnings season picked up last week. So far, 89 S&P 500 companies have reported. 73% have beaten earnings estimates, slightly higher than the long-term…

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