Weekly Market Recap | May 30, 2023

Week in Review Equity Markets: The S&P 500 finished the week with a modest return of 0.3%. The NASDAQ finished the week up 2.52% and widened the spread for growth outperformance relative to value for the year. Large Cap growth has outperformed Large Cap value by a 22% year-to-date1. Growth is up 21.3% while value is in the red by…

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Weekly Market Recap | May 22, 2023

Week in Review Equity Markets: The markets had a strong week and the S&P 500 briefly moved past the 4,200 mark; which has been a major topside level. The S&P finished the week up 1.6% while the NASDAQ extended its year-to-date spread finishing up 3%. Growth has outperformed Value in a large way this year1, reversing the Value trend last…

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Weekly Market Recap | May 15, 2023

Week in Review Equity Markets: The S&P 500 remained rangebound last week following a late rally into the close on Friday, ending the week slightly negative by 0.3%. The market has been stabilized by the mega-cap technology names that have surprised on the earnings front. Market breadth remains narrow as we enter the end of the first-quarter earnings season. There…

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Weekly Market Recap | April 24, 2023

Week in Review Equity Markets: The markets ended the week essentially flat after trading in a very tight range. The S&P 500 is up 7.7% for the year and has recovered essentially all of the losses from February and March and is trading near the year-to-date high. 18% of S&P 500 companies have reported first-quarter earnings so far. 76% have…

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Weekly Market Recap | April 17, 2023

Week in Review Equity Markets: The markets traded in a tight range last week, with all of the major indices ending positive. The S&P 500 finished the week up by 0.8%. The S&P is positive 7.8% year-to-date; despite the macroeconomic events so far this year. Earnings season kicked into full gear last week, with the major banks starting to announce….

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Quarterly Insights | April 2023

Soft Landing or Hard Impact? Inflation has been one of the primary risks to the broader US economy, and thereby the investment markets. In nine straight meetings, we have seen the Federal Open Market Committee act to slow down the economy by raising the Key Rate (the Federal Funds Rate) by 475 basis points. The Key Rate currently stands at…

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Weekly Market Recap | March 27, 2023

Week in Review Equity Markets: Intra-day volatility was a common occurrence last week. On multiple days we saw moves of 3%, swinging very quickly from positive to negative, and on occasion ultimately reversing back to positive. Ultimately, the S&P 500 ended the week up by 1.4% and increased its year-to-date performance to +3.4%. Sentiment has deteriorated since the start of…

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Weekly Market Recap | March 20, 2023

Week in Review Equity Markets: From the headlines alone, one would think it was a bad week for the markets last week. However, the S&P 500 ended the week positive, up by 1.4%. Q4 earnings season is essentially complete with 498 of the S&P 500 companies having already reported. 68% have positive EPS surprises and 67% have beaten revenue expectations1,…

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Weekly Market Recap | March 13, 2023

Week in Review Equity Markets: This week will mark the one-year anniversary of the start of the Fed’s historic rate hiking campaign. The repercussions of the campaign have been slow to reveal themselves and the first major crack may have been exposed last week. The S&P 500 ended the week down 4.5% and the final trading days of the week…

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Weekly Market Recap | March 6, 2023

Week in Review Equity Markets: The S&P 500 recovered some of the losses from the week prior, ending the week positive by 1.9%. After starting the week in the red, the market rallied despite the surge in yields. This earnings season has been less than stellar, but last week saw a few major S&P companies have very good reports. Salesforce…

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