In a week marked by tragedy and turmoil, equity markets remained fairly muted, outside of a significant drop on Thursday when social/political turmoil in the U.S. and heartbreaking terror attacks in Spain hijacked the headlines. Smaller c [...]

Red numbers were the theme last week. Stocks, commodities, interest rates, and the U.S. dollar all lost ground on the week. Tuesday brought an end to one of the top 10 longest streaks of consecutive record closes (9) for the DJIA. There h [...]

Peak second quarter earnings season is being supplanted with peak vacation season as we head into the heart of August. U.S. and international larger companies posted gains while smaller companies and bond yields fell slightly on the week. [...]

Despite closing slightly lower last week, the S&P 500 marked its 29th record high and the NASDAQ hit its 44th. The NASDAQ is within shouting distance of 1999 (61) in terms of number of record closing highs in a single year. Interest r [...]

Last week saw most major U.S. equity indices post new highs while interest rates drifted lower for the second week in a row.  The S&P 500’s return thus far in 2017 has been driven largely by technology (23.7%) and healthcare (18.6%) w [...]

U.S. equity markets closed at fresh record highs last week while Treasury yields declined.  A good start to corporate earnings, moderate economic data, and what was deemed dovish testimony from Janet Yellen all played into the week’s narr [...]

Last week delivered the July 4th holiday and kicked off the second half of 2017.  The mid-week day off most definitely translated into high volumes of email auto-responses and relatively low trading volume on U.S. exchanges.  U.S. equity [...]