Weekly Commentary

Weekly Commentary – May 30, 2023

THE WEEK ON WALL STREET Markets moved in sync last week with perceived movement in debt ceiling talks, weakening early in the week and then surging on news of progress. A solid quarterly report and guidance from a mega-cap technology company helped with enthusiasm....

read more

Weekly Commentary – May 22, 2023

THE WEEK ON WALL STREET Stocks rallied last week, propelled by growing optimism over reaching a deal on raising the debt ceiling and avoiding a technical debt default by the U.S. The Dow Jones Industrial Average edged 0.38% higher, while the Standard & Poor’s 500...

read more

Weekly Commentary – May 15, 2023

THE WEEK ON WALL STREET Stocks were mixed last week as good inflation news was offset by mounting debt ceiling concerns and rekindled regional banking fears. The Dow Jones Industrial Average lost 1.11%, while the Standard & Poor’s 500 slipped 0.29%. The Nasdaq...

read more

Weekly Commentary – May 8, 2023

THE WEEK ON WALL STREET A Friday rebound, triggered by a big tech company’s earnings beat and a strong jobs report, shaved much of the week’s accumulated losses. The Dow Jones Industrial Average fell 1.24%, while the Standard & Poor’s 500 lost 0.80%. The Nasdaq...

read more

Weekly Commentary – May 1, 2023

THE WEEK ON WALL STREET Strong earnings from several mega-cap technology companies offset renewed regional banking jitters and weak economic data, leaving stocks higher for the week. The Dow Jones Industrial Average gained 0.86%, while the Standard & Poor’s 500...

read more

Weekly Commentary – April 24, 2023

THE WEEK ON WALL STREET Stocks remained resilient last week amid mixed earnings reports, hawkish Fed-speak, and lingering recession fears, closing out the five trading days with small losses. The Dow Jones Industrial Average slipped 0.23%, while the Standard &...

read more

Weekly Commentary – April 17, 2023

THE WEEK ON WALL STREET The combination of an improving inflation outlook resulted in a week of uneven, albeit positive, performance, in which cyclical and financial stocks rallied while technology, real estate, and utilities lagged. The Dow Jones Industrial Average...

read more

Weekly Commentary – March 27, 2023

THE WEEK ON WALL STREET Modest gains in major market indices masked sharp volatility amid the uncertainty arising from mixed messages emanating from public officials and revived banking fears. The Dow Jones Industrial Average gained 1.18%, while the Standard &...

read more

Weekly Commentary – March 20, 2023

THE WEEK ON WALL STREET Amid the reverberations of two U.S. banks being taken over by regulators and the spread of uncertainty to European banks, stocks trended higher last week on the strength of the technology sector. The Dow Jones Industrial Average was flat...

read more

Weekly Commentary – March 13, 2023

THE WEEK ON WALL STREET Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed into receivership...

read more