Risk markets benefited early in the week from another stimulus push. Encouraging reports on three potential coronavirus vaccines resulting in the S&P 500 marking a new post-CoVid-19 high but ended up limping into the weekend on concerns surrounding stimulus negotiations in DC and some unfavorable earnings from several technology names. Tech and communication services (FB, […]
Equity markets climbed the wall of worry last week, finishing up 1%-3% across the cap spectrum. The push-pull of the virus, positive vaccine news, and rebounding economic data left the S&P right at the resistance level that it has held since early June. Healthcare and the cyclicals drove the rally with some interesting internals where […]
Fourth of July fireworks continued into last week with strong bookends (M&F) delivering healthy gains driven once again by larger cap and tech-oriented names. The S&P 500 finished up 1.8% while small caps lost 0.64%. Strength at the top end of the market cap weighted S&P 500 continued to be pronounced. Commodities posted a respectable […]
Markets shrugged off the prior week of rising coronavirus anxiety, instead choosing to embrace encouraging economic reports during last week’s holiday shortened 4-day trading session. The NASDAQ posted its biggest weekly gain since early May, finishing at a new all-time high while the S&P 500 tacked on over 4% with all sectors finishing in the […]