Weekly Market Commentary THE WEEK IN REVIEW: July 14-20, 2024 The wheel in the sky keeps on turnin’ … There’s some spinning and turning going on and we don’t know where we’ll be tomorrow. Last week, we continued to see a major rotation from high-flying tech and growth stocks to what has been called the…

Weekly Market Commentary THE WEEK IN REVIEW: July 7-13, 2024 July surprise? Last week, this section was titled “September surprise,” as the chatter in the market was all around the Federal Reserve possibly making a rate cut in September. With unemployment over 4%, all we needed was an improving inflation picture to make markets’ expectations…

Weekly Market Commentary THE WEEK IN REVIEW: June 30 – July 6, 2024 September surprise? Market trading was dramatically curtailed last week with an early close on Wednesday and markets closed for the Fourth of July holiday on Thursday. Friday was muted, but a lot went on despite the shortened week and light trading. Federal…

Weekly Market Commentary THE WEEK IN REVIEW: June 23-29, 2024 Inflation and GDP spark rate-cut chatter Last week was pretty quiet. The market meandered through mid-week as we awaited the final reading of first-quarter gross domestic product (GDP) on Thursday plus inflation and payroll numbers for May on Friday. The final reading of first-quarter GDP…

Weekly Market Commentary THE WEEK IN REVIEW: June 16-22, 2024 All hail Nvidia! Just when it couldn’t get any bigger — it did! Last week, Nvidia boasted a market cap larger than the combined stock market values of the UK, Germany and France. It also passed Microsoft and Apple as the highest-valued company in the…

Weekly Market Commentary THE WEEK IN REVIEW: June 9-15, 2024 One and done Last week, we got word from the Federal Reserve that we might only get one rate cut before the end of 2024 and it will probably be in November or December. Consumer Price Index (CPI) and Producer Price Index (PPI) numbers were…

Weekly Market Commentary THE WEEK IN REVIEW: June 2-8, 2024 Cool Summer? With school out and families gearing up for slower times this summer, it looks like they are going to have some company. The economy may be looking to get some time off and is cooling pretty quickly as well. And consumers are finally…

Weekly Market Commentary THE WEEK IN REVIEW: May 26 – June 1, 2024 Weaker than expected Last week was all about economic weakness. We saw it on two fronts: the revised first-quarter gross domestic product (GDP) number and several bond auctions. Although last week was a short one thanks to the Memorial Day holiday, there…

Weekly Market Commentary THE WEEK IN REVIEW: May 19-25, 2024 Sizing things up The week started slowly, as expected, with markets mulling over the inflation data from the previous week and letting off a bit of steam as we recorded new all-time highs. Things picked up on Wednesday following the release of the Federal Reserve’s…

Weekly Market Commentary THE WEEK IN REVIEW: May 12-18, 2024 New week, same concerns Inflation isn’t budging. The producer price index (PPI) for March was revised downward from its original reading of 2.1% to 1.8%. Then, final demand (PPI minus food, energy and trade services) increased by 3.1% for the 12 months ending in April.…