Archive for November 2023

Weekly Market Commentary THE WEEK IN REVIEW: Nov. 19-25, 2023 Stocks move higher in a quiet trading week Last week was a fairly quiet one, with many people off for the Thanksgiving holiday. However, a couple of notable pieces of data dropped. On Wednesday, the Commerce Department reported that durable goods orders decreased 5.4% in…

Weekly Market Commentary THE WEEK IN REVIEW: Nov. 12-18, 2023 Markets rally as interest rates dip and chances of additional hikes recede Markets continued to climb back toward end-of-July highs last week. After the Federal Reserve’s last meeting and a softer jobs number indicated a slowing economy, markets began to look for additional confirmation of…

Weekly Market Commentary THE WEEK IN REVIEW: Nov. 5-11, 2023 Markets stall after hawkish comments from Fed officials After last week’s decision to keep interest rates where they are, markets took a breath and focused on comments from Federal Reserve officials this week. First, Michelle Bowman said she expects further tightening will be needed, causing…

Weekly Market Commentary THE WEEK IN REVIEW: Oct. 29 – Nov. 4, 2023 Fed pauses and markets bounce back The Federal Reserve paused again last week, holding rates steady at 5.25% to 5.50%. At his post-meeting press conference, Chair Jerome Powell didn’t really provide any direction other than the Fed will continue to depend on…