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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Could You Be Saving on Taxes by Living in a Different State? | August 2023

Could You Be Saving on Taxes by Living in a Different State? As taxpayers grow more affluent or near retirement, many begin to consider moving to a state that does not collect personal income tax.  Perhaps Florida is the state most well known as the “tax free retirement state,” but there are eight states that currently do not have an…

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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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