Weekly Commentary – May 20, 2024

THE WEEK ON WALL STREET Stocks notched a solid gain last week in a mega-cap, tech-led rally bolstered by positive inflation news. DOW 40,000 The week began quietly as market averages traded in a tight range, awaiting fresh inflation news. On Tuesday, markets rose...

Weekly Commentary – May 13, 2024

THE WEEK ON WALL STREET Stocks notched a solid gain last week as rate-cut expectations paced the rally as the Q1 earnings season wound down. STOCKS CLIMB STEADILY Monday opened with stocks picking up where they left off the prior Friday. Stocks were still basking in...

Weekly Commentary – May 6, 2024

THE WEEK ON WALL STREET Stocks notched a solid gain last week, rallying behind upbeat earnings, a dovish Fed, and mixed economic data. STOCKS POP, DROP, THEN RALLY Markets began the week with an upward bump as positive news from some mega-cap tech companies outweighed...

Weekly Commentary – April 29, 2024

THE WEEK ON WALL STREET Stocks staged a choppy comeback last week as investors cheered positive earnings, led by mega-cap tech stocks. The rally came to pass despite fresh data showing a slowing economy and increasing inflationary pressures. STOCKS BOUNCE BACK. TWICE....

Weekly Commentary – April 22, 2024

THE WEEK ON WALL STREET Stocks fell for a third straight week, as Fed Chair Jerome Powell’s mixed but upbeat message could not offset the anxiety caused by the Middle East conflict. STOCKS RETREAT Markets began the week rattled by further escalation in the...