Weekly Market Commentary THE WEEK IN REVIEW: Dec. 25 – 31 Ringing out the old Unfortunately, Santa didn’t have a rally in his bag to close out 2022. Instead, the Grinch had his way in the last week of the year, as the major domestic equity indexes closed slightly lower on the second consecutive week…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Dec. 18 – Dec. 24 Confidence? Not so much. As expected, last week was pretty quiet just before Christmas, with a decided negative tilt. Wednesday was a strong day; consumer confidence came in at 108.3, up from 100.2 in November and well in excess of…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Dec. 11 – 17 Dr. Jerome, Mr. Powell In typical Dr. Jekyll-Mr. Hyde fashion, Federal Reserve Chair Jerome Powell first gave markets hope that after the Fed raised rates at its final meeting of 2022, they might pause to watch what a 4.25% Fed Funds…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Dec. 4 – 10 Markets wait for the Fed Markets blew off some steam early last week as they tried to settle into a happy place in advance of the Federal Reserve meeting this week. The week prior, markets ripped upward on Federal Reserve Chairman…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Nov. 27 – Dec. 3 Powell steps up and props up wavering markets Last week started a little shaky. In the U.S., the supposedly averted railroad strike suddenly was still on. There was also growing civil unrest in China, as the zero-COVID policy and lockdowns…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Nov. 20 – 26 Fed minutes keep markets rallying This will be a brief note, since last week was a short one. We hope everyone had a happy, safe, pleasant and relaxing Thanksgiving — the markets sure did. While people were on the move in…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Nov. 13 – 19 The back-and-forth dance continues for markets After a strong showing the previous week, the major domestic equities gave back most of the prior week’s gains and closed slightly lower last week. Markets opened weaker following comments from Federal Reserve Governor Christopher…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Nov. 6 – 12 Inflation takes a break After the markets voted their displeasure with midterm election results by shedding nearly 650 points on the Dow and 80 points on the S&P 500 on Wednesday, folks were holding their breath for October’s consumer price index…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Oct. 30 – Nov. 5 Fed raises rates as Powell disappoints markets (again) The Federal Reserve met last week and raised the federal funds rate another 75 basis points (0.75%) to a range of 3.75%-4.00%. This really wasn’t a surprise; the markets pretty much expected…

VIEW PDF VERSION Weekly Market Commentary THE WEEK IN REVIEW: Oct. 23 – 29 Q3 GDP turns positive The negative growth in the first half of 2022 was reversed in the third quarter. The initial reading of third-quarter gross domestic product (GDP) came in at +2.6%; added to the -2.2% GDP from the first six…