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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Weekly Market Recap | January 9, 2023

Week in Review Equity Markets: The S&P 500 ended a skid that lasted three weeks, closing the week up 1.4%. The index flipped positive after the strong rally Friday, fueled by optimism of slowing inflation. The index spiked 2.3% on Friday after the labor market report was released prior to the market open. This week earnings season will jump into…

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Quarterly Insights | January 2023

Surging Inflation and Interest Rates Pressured Both Stocks and Bonds in 2022 Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December. The S&P 500 finished…

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Weekly Market Recap | January 3, 2023

Week in Review Equity Markets: The final trading day for 2022 is in and the S&P 500 had a price return of -19.4%. After posting two monthly gains in a row, major indices ended the final month on a weaker note. The style shift that dominated the year held true in December with the Dow ending down 4% while the…

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