Featured Commentary


Daily Updates/ Market Daily Updates

Stock Market Today: September 30, 2021

09/30/2021 The month of September, which draws to a close today, has certainly lived up to its reputation as being an unpredictable one for the U.S. equity market. The last fortnight of trading has produced some swift and pronounced swings in trading, including sizable selloffs both this week and last. The first was prompted by debt concerns in the highly leveraged Chinese property market, and this week the setback was driven by the recent spike in Treasury yields on inflation concerns and Federal Reserve commentary. However, this morning the futures are positive, indicating some bargain hunting at the start of trading, as news broke overnight that the Senate reached a deal to avoid a government shutdown. Other Washington uncertainties remain, namely the debt ceiling and the fate of the big spending bills pending in Congress.
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Daily Updates/ Market Daily Updates

Stock Market Today: July 15, 2021

07/15/2021 The second-quarter earnings season is off and running, with mostly positive results and guidance from the big banks garnering a mixed reaction from the investment community. However, Wall Street still remains fixated on the Federal Reserve, its stance on employment and prices, and whether the recent spike in inflation will push the central bank to act sooner than originally expected to tighten the monetary reins.
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Daily Updates/ Market Daily Updates

Stock Market Today: May 3, 2021

05/03/2021 Trading in the month of May—fresh off a 30-day stretch that saw the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ Composite produce respective gains of 2.7%, 5.2%, and 5.4%--will begin with investors focused on many of the same issues that drove the market in April.
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Daily Updates/ Market Daily Updates

Stock Market Today: April 30, 2021

04/30/2021 Two key reports will be issued this morning. In the first release, the Commerce Department noted that personal income and consumer spending both moved up strongly in March, and in line with expectations. Later this morning, the University of Michigan will issue data on consumer sentiment. These reports will follow a release yesterday on first-quarter GDP, which showed a 6.4% annualized rate of growth, but also contained unsettling news on inflation, with the Price Index rising 4.1% during the period.
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Daily Updates/ Market Daily Updates

Stock Market Today: April 29, 2021

04/29/2021 A generally solid April will come to a close tomorrow, but before it does there will be critical economic news to evaluate. The stock markettraded in a narrow and mostly mixed pattern yesterday, but the U.S. equity futures indicate the market is poised for a higher open when trading resumes.
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Daily Updates/ Market Daily Updates

Stock Market Today: April 27, 2021

04/27/2021 As we look to the new day,U.S. stock futures are suggesting the major indexes will have a mixed open. Earnings season remains in high gear, and so far, results in general have been good, with aggregate earnings showing their biggest quarterly advance in more than a decade. Even so, it appears unlikely that there will be any policy changes announced at the FOMC meeting this Wednesday.
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Daily Updates/ Market Daily Updates

Stock Market Today: March 18, 2021

03/18/2021 Market Daily UpdatesStock Market Today March 18, 2021Before the Bell So called sector rotation continues on Wall Street, with recent sessions seeing a move away from so called growth stocks, which include high profile technology names, such as Apple (AAPL)
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Daily Updates/ Market Daily Updates

Stock Market Today: March 8, 2021

03/08/2021 The name of the game on Wall Street these days is volatility. It was front and center last week, with a number of pronounced swings in trading seen during the five-day stretch. The major averages started the week on a positive note, then suffered a number of setbacks before rallying forcefully on Friday. The rebound on the week’s final day pushed the Dow Jones Industrial Average and S&P 500 Index into positive territory for the week and narrowed the loss for the NASDAQ Composite.
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Daily Updates/ Market Daily Updates

Stock Market Today:February 26, 2021

02/26/2021 It continues to be all about interest rates, or more specifically about rapidly rising yields on the U.S. 10-year Treasury notes and the companion 30-year Treasury bond. The fears continue to be that those increasing yields, which are a consequence of an improving economy and greater pricing pressures, will prove competition for stocks. This was clearly the case yesterday when a trio of strong economic readings pushed the 10-year Treasury note yield briefly past 1.61%--or four times the low seen in 2020. Stocks plummeted as a result.
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