THE WEEK IN REVIEW: Nov. 21 – 27

Out of Africa As far as movies go, the phrase “Out of Africa” is fantastic. But when related to a new and more dominant mutated strain of coronavirus? Not so much. News of the Omicron variant led to European Union countries and Israel curtailing travel from southern Africa. U.S. markets got spooked, with the Dow…

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THE WEEK IN REVIEW: Oct. 24 – 30

Screeching to a halt! After growing by 6.3% in the first quarter and 6.7% in the second, gross domestic product (GDP) growth slowed significantly during the third quarter. Expectations were initially at +3.5% but dropped as the day for reporting grew closer. We landed at 2.0% growth for Q3 — an overall increase, but a…

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THE WEEK IN REVIEW: Oct. 17 – 23

Markets return to record levels on the back of strong earnings Markets surged on strong earnings for the second week in a row. With no new surprises from FederalReserve speakers and scant economic data, there wasn’t much to hold markets down and we hit record highs again last week. Washington was also quiet as talks…

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THE WEEK IN REVIEW: Oct. 10 – 16

Earnings keeping supply chain and inflation concerns at bay — for now The third-quarter earnings season kicked off last week. After a few days of fretting about inflation, stagflation, labor shortages and supply chain worries, the markets decided enough was enough.Bolstered by better-than-expected earnings from the likes of Bank of America and Morgan Stanley, the…

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THE WEEK IN REVIEW: Oct. 3 – 9

More debt ceiling drama U.S. stock indexes soared higher after Senate Majority Leader Chuck Schumer said lawmakers had reached a deal on a short-term debt limit extension, which would put off a possible government default to December. The markets rallied on the news, erasing most of the previous week’s losses amid more volatility than we’ve…

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THE WEEK IN REVIEW: Sept. 26 – Oct. 2

Not there yet! The “actual” meaning of zero The week dawned with expectations for a vote on the $1.2 trillion infrastructure bill and the massive$3.5 trillion “Build Back Better” reconciliation bill. We’ve previously said that tying together the two bills —one of which seemed expensive but logical and is enjoying bipartisan appeal and the other…

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THE WEEK IN REVIEW: Sept. 5 – Sept. 11

Markets dropped every day last week Is the September curse rearing its ugly head? Each of the major domestic equity indexes dropped last week, experiencing losses every day. (Well, every day except Monday, when markets were closed for Labor Day.) Many factors conspired to push markets down, from continued inflation concerns and increases in longer-term…

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