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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Weekly Market Recap | February 27, 2023

Week in Review Equity Markets: The S&P 500 saw its worst weekly performance this year, ending down 2.7%. The driving forces were macro-related and were reminiscent of last year. Following a higher-than-expected PCE report on Friday, the markets were deep in the red and finished the final trading session down over 1%. Q4 earnings season is coming to a close…

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Weekly Market Recap | February 21, 2023

Week in Review Equity Markets: The S&P 500 ended the week slightly in the red, down 0.3%. The market saw elevated intraday volatility for the majority of the week as new economic numbers came in. The market is working through slowing earnings and a Fed that is likely to stay restrictive for longer, all while the labor market remains historically…

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Weekly Market Recap | February 13, 2023

Week in Review Equity Markets: The rally slowed last week and the S&P 500 declined 1.1%. Higher rates and subpar earnings hit growth stocks more heavily. The NASDAQ declined 2.4%. Roughly 70% of S&P 500 companies have reported earnings. Thus far, 69% of companies have posted a positive earnings surprise and 63% have beaten revenue expectations according to data compiled…

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Weekly Market Recap | February 6, 2023

Week in Review Equity Markets: Despite ending lower on the final trading day of the week, the S&P 500 remained positive, finishing the week up 1.6%. The weakness on Friday followed a hotter-than-expected non-farm payroll report. The spread between growth and value grew again this week, following a trend that started at the turn of the new year. The NASDAQ…

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Weekly Market Recap | January 30, 2023

Week in Review Equity Markets: The markets rebounded from their first weekly decline of the new year. Growth outpaced the broader markets with the NASDAQ ending the week up 4.3% while the S&P 500 finished in the green by 2.5%. The S&P is up 6% so far in 2023, rallying with the broader markets. We are roughly 15% below the…

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Weekly Market Recap | January 23, 2023

Week in Review Equity Markets: The S&P 500 ended the week down slightly, 0.7%. This snapped a three-week winning streak to start the new year. In a shift from the recent style trend, growth outperformed value. The NASDAQ finished the week up 0.6% and the Dow finished down 2.7%. Weakening economic numbers, subpar earnings releases, and the political landscape with…

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Weekly Market Recap | January 17, 2023

Week in Review Equity Markets: All major indices finished positive for the week. The S&P 500 continued its reversal following three negative weeks to close out 2022. The index was up 2.7% for the week. The market sits ~17% below the previous high that occurred over a year ago. Earnings season picked up steam last week with some of the…

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