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Weekly Market Commentary - 7/7/2020

07/07/2020
What a quarter! Who could have guessed a global pandemic would produce outsized stock market returns? Near the end of last quarter (March 23), the Standard & Poor’s 500 Index was down 30.75 percent for the year, and it looked like 2020 was going to be a disappointing year for many investors. Read More

Weekly Market Commentary - 6/30/2020

06/30/2020
Blame it on the coronavirus. Stock markets in the United States and Europe retreated last week as the number of new COVID-19 cases increased steadily in America. On Thursday, there were more than 44,000 new cases, the highest daily total to date, according to data from the Centers for Disease Control. Read More

Weekly Market Commentary - 6/23/2020

06/23/2020
Could it be the upside surprises? U.S. stock markets have marched higher despite a pandemic, an economic downturn, and social justice protests – and a lot of people have wondered why. Read More

Weekly Market Commentary - 6/16/2020

06/16/2020
The Nasdaq Composite dipped its toes into record territory last week before retreating. Stock indices in the United States rallied early last week on optimism about the reopening of businesses across the country. The Nasdaq Composite rose to 10,000 for the first time ever, before tumbling lower. Read More

Weekly Market Commentary - 6/9/2020

06/09/2020
The employment report electrified U.S. stock markets last week. American stock markets responded enthusiastically to the news U.S. unemployment was 13.3 percent in May. If it seems inexplicable double-digit unemployment would thrill investors, there is a reason. The unemployment rate in April was higher at 14.7 percent, and analysts had forecast the rate in May would jump to 19.1 percent. All in all, that makes 13.3 percent look pretty attractive. Read More

Weekly Market Commentary - 6/2/2020

06/02/2020
Are those green shoots? In economic terms, green shoots are signs of improvement. If you were paying close attention, you might have seen some in economic data released last week. They weren’t apparent in the Bureau of Labor Statistics report on the United States economy. Read More

Weekly Market Commentary - 5/26/2020

05/26/2020
It was a good week for stock markets in the United States, but there was trouble in Asia. U.S. stock markets rallied last week. The Dow Jones Industrial Average, Standard & Poor’s 500 Index, and Nasdaq Composite all gained more than 3 percent, reported Ben Levisohn of Barron’s. Read More

Weekly Market Commentary - 5/19/2020

05/19/2020
America is reopening, state by state. That’s welcome news for many businesses, but we’re far from business as usual. Last week’s economic news included unemployment hitting an 80-year high, a record drop in retail sales (-16.4 percent), and an unprecedented decline in industrial production (-11.2 percent). Read More

Weekly Market Commentary - 5/12/2020

05/12/2020
The stock market is not the economy. It’s an important point to remember when headlines marvel that U.S. stock markets are moving higher while the U.S. economy is contracting. Stock markets are not mindful of the present moment. They are forward-looking, reflecting expectations about what will happen in the months and years to come, explained Mark Hulbert in a MarketWatch opinion piece. Read More

Weekly Market Commentary - 5/5/2020

05/05/2020
There are signs COVID-19 may be in retreat. Last week, the Centers for Disease Control reported, overall in the United States, for the week ending April 25 (officially week 17 of the coronavirus), the number of: People visiting healthcare providers with COVID-19 symptoms declined; Positive tests at public health, clinical, and commercial laboratories declined or remained similar. Read More

Weekly Market Commentary - 4/28/2020

04/28/2020
We live in interesting times. There is discussion about whether the saying, “May you live in interesting times,” is a blessing or a curse. At this point in 2020, we all understand why. Last week, the world watched in consternation as the price of oil, specifically West Texas Intermediate crude oil, dropped into negative territory. Read More

Weekly Market Commentary - 4/21/2020

04/21/2020
Last week’s economic data was about what you might expect in the midst of a virus crisis that has shut down businesses and forced people to stay home: 1. Retail sales were down 8.7 percent in March 2. Oil prices fell further 3. Earnings season began with a whimper. Read More

Weekly Market Commentary - 4/14/2020

04/14/2020
Why is the stock market doing so well when the COVID-19 pandemic has yet to peak? At the end of last week, the Centers for Disease Control and Prevention reported the United States remains in the acceleration phase of the coronavirus pandemic. This phase ends when new cases of COVID-19 level off. The next phase should be a period of deceleration, and the number of cases should decline. Read More

Weekly Market Commentary - 4/7/2020

04/07/2020
In the Wizard of Oz, Dorothy says to her little dog, “Toto, I've a feeling we're not in Kansas anymore.” Today, many of us understand Dorothy’s trepidation and uncertainty better than ever before. COVID-19 has changed our world in ways previously unimaginable. In many states, Americans shelter at home, venturing out for groceries, medicine, and other essentials. Parents have become teachers guiding online schoolwork, often while balancing their own work and online meetings. Read More

Weekly Market Commentary - 3/31/2020

03/31/2020
The United States set some records last week. First, we became the epicenter of the COVID-19 pandemic. Popular Science explained: “An increase of 15,000 known cases in just one day pushed the United States past Italy and China, making it the new epicenter of the pandemic…Experts suspect the actual number of U.S. cases is much higher than currently reported…the United States has tested a far lower percentage of its large population than other hard-hit countries.” Read More

Weekly Market Commentary - 3/24/2020

03/24/2020
The coronavirus (COVID-19) continued to spread across the United States last week. On Friday, March 13, the Centers for Disease Control (CDC) reported there were 1,629 confirmed and presumptive cases and 41 deaths. Last Friday, March 20, the numbers had increased to 15,219 cases and 201 deaths. Read More

Weekly Market Commentary- 03/17/2020

03/17/2020
Last week was one for the history books. Mid-week, the World Health Organization (WHO) declared coronavirus a global pandemic. At the time, there were more than 118,000 cases in 114 countries, and the death toll exceeded 4,000 people. On Friday, the Centers for Disease Control (CDC) reported 46 states and the District of Columbia have been affected, so far. As of Friday, there have been 1,629 confirmed and presumptive cases and 41 deaths. Read More

Weekly Market Commentary - 3/10/2020

03/10/2020
Last week, market volatility reached levels that make many investors uncomfortable. On Monday, the Dow Jones Industrial Average surged higher, delivering its biggest one-day point gain in history. Read More

Weekly Market Commentary - 3/3/2020

03/03/2020
Take a deep breath. We have experienced downturns before. Think back to 2018. During the last quarter of the year, major stock indices in the Unites States suffered double-digit losses, much of it during December. What happened next? By the end of 2019, those indices had reached new highs. Read More

Special Blog Post- Perspective in the Panic 2/29/2020

02/29/2020
Back in 1987, right after the markets had experienced the famous “Black Monday” decline which took the Dow Jones Industrial Average down by 22.6%, the weekly Barron’s financial publication featured, on its cover, a suitcase with the frightened eyes of a Wall Street broker peeking out of its dark recesses, and an arm reaching out to wave a white flag. Read More