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Weekly Market Review – 11/13/2017

The momentum trade that powered the S&P 500 to eight straight weeks of gains finally took a breather last week. All three large cap U.S. equity indices lost approximately 0.50% while small caps fell over 1%. Much of the softness in the U.S. can be attributed to questions swirling around the likelihood of D.C. getting…
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Weekly Market Review – 11/6/2017

The Dow, S&P 500, and NASDAQ all notched new record highs last week. Overall, equities were mixed with tech and energy stocks posting nice gains while small caps lost ground. The yield curve flattened meaningfully with short rates (2yr +0.04%) moving higher while long rates (30yr -0.11%) fell. The U.S. dollar was flat on the…
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Weekly Market Review – 10/30/2017

Robust technology sector earnings propelled U.S. equity markets, interest rates, and commodities higher. The S&P 500 has brushed off “Washington chaos”, “North Korea”, “Fed rate hikes”, “excessive valuations”, and a weak run of economic data to post its 50th record high this year - tied for 5th most all time. Weekly Anecdotes: • We are…
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Weekly Market Review – 10/23/2017

U.S. equity markets hit record highs across the board last week while we saw some weakness in the overseas equity markets. Supportive narratives included strong corporate earnings and a DC budget approval, which still requires compromise but does push talk of tax reform to the front burner. Interest rates and the U.S. dollar moved higher…
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Weekly Market Review – 10/16/2017

The shortened holiday week saw equity markets post modest gains and the S&P 500 manage to strike its 44th all‐time closing high ‐ on pace for 56 on the year which would rank third all‐time in terms of number of record closing highs. Small caps, having led the market higher since the tax reform dialog…
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Weekly Market Review – 10/09/2017

U.S. equity markets posted respectable gains last week as strong economic data continued to roll in both here and abroad. Treasury yields increased for a fourth consecutive week as interest rates climbed higher across the curve and the 30 Year drew closer to the 3% level. Tight labor markets, increases in wages, and robust manufacturing…
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Weekly Market Review – 10/2/2017

Last week wrapped up the month and the quarter with most attention now looking forward to the kickoff of third quarter earnings season and whether the home stretch of 2017 will deliver any notable policy initiatives. One significant U.S. policy objective stepped forward last week with the administration releasing its tax reform package while healthcare…
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Weekly Market Review – 9/25/2017

Last week was profiled by North Korea tensions rising anew and Fed meetings with policy announcements. Equity markets were fairly benign with large cap U.S. stocks posting a second consecutive, albeit small gain, while smaller cap indices notched respectable gains. Crude oil bounced back up over $50 per barrel while safe haven gold (-2%) and…
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Weekly Market Review – 9/18/2017

Global growth and low interest rates propelled U.S. equity markets to record levels last week. U.S. indices notched a trifecta with the DJIA, S&P 500, and Nasdaq all hitting record levels. The DJIA posted its best week of the year. Hurricane Irma caused less damage than was feared, tax reform in DC took center stage…
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Weekly Market Review – 9/11/2017

Equity markets pulled back during last week’s holiday shortened trading. Tensions with North Korea, the impact of multiple hurricanes, and some legislative developments in D.C. all factored into the mix. Harvey, Irma, and potentially Jose will likely draw down some third quarter economic activity in those local areas but things ought to pick up in…
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