June 12, 2021
June 5, 2021
6/4/2021 Weekly Market Overview
The markets continued to climb this week with very few earnings reports and a lower than expected jobs report, which could indicate that the economy is not overheating and, at least for now, softening inflation and rate increase fears.
May 29, 2021
5/28/2021 Weekly Market Overview
The white house released their budget for next year with the anticipated change (increase) to the capital gains tax - the market responded as if nothing happened and continued its move up.
May 22, 2021
5/21/2021 Weekly Market Overview
Continued inflationary fears pushed the market down to start the week, but a late week recovery allowed the markets to end the week mixed.
May 15, 2021
5/14/2021 Weekly Market Overview
Volatility returned to the markets this week due to inflation fears, compounding last weeks' employment data shortfall. The markets closed the week with all three major indexes declining.
May 8, 2021
5/7/2021 Weekly Market Overview
Over 1500 companies reported earnings with two of the major indexes shrugging off a poor April jobs report where 266 thousand jobs were added, while a million were expected.
May 1, 2021
4/30/2021 Weekly Market Overview
Over 1,000 earnings reports this week including blow-out quarters by Google, Amazon and Facebook pushed out a very mixed week - helping the S&P 500 to remain essentially flat this week. The other two major indexes dipped a bit this week in signs that we could be in for a May 'pause' in the markets.
April 24, 2021
4/23/2021 Weekly Market Overview
Concerns on a big increase to the Capital Gains tax rate kept the major indexes down, albeit with a mix of sector performance. Earnings season expands to big tech in the coming week with fears of inflation potentially keeping any good news in check.
April 17, 2021
4/16/2021 Weekly Market Overview
All of the major indexes gained this week at the beginning of earnings season with several strong economic reports helping to set several records by the end of the week.
April 10, 2021
4/9/2021 Weekly Market Overview
This was another very strong week as we look to the beginning of earnings season this coming week. After Fed Chairman Powell spoke this week all sectors but Energy climbed as did all of the major indexes this week.
April 3, 2021
4/1/2021 Weekly Market Overview
The market performed well this week with all major indexes increasing without the help of Friday's strong labor report, but much uncertainty exists that could weight on the rest of the year.
March 27, 2021
3/26/2021 Weekly Market Overview
10-year treasuries settled down this week, earnings season is slowing down and the major indexes all moved up this past week.
March 20, 2021
3/19/2021 Weekly Market Overview
The Energy sector got slammed this week with the 10-year treasuries putting pressure on the Real Estate and Financial sectors, which drove every sector down this week.
March 13, 2021
3/12/2021 Weekly Market Overview
Gains across the board, all of the major indexes were up, all of the sectors were up - and so was the 10-yr yield, which slowed the gains last week and were shrugged off this week.
March 6, 2021
3/5/2021 Weekly Market Overview
This week showed that the market could be going thru a bit of a change. The US 10-year closed the week at nearly 1.6%, the Nasdaq went negative for the year and the Dow Jones Industrials are the leading major index for the year and the Energy sector continued its resurgence.
February 27, 2021
2/26/2021 Weekly Market Overview
The stock markets took a big dive this week, largely over concerns about the 10-year Treasury rate exceeding 1.5% on Thursday before closing the week at 1.4%. All three major indexes declined an average of over 3% to end the month of February.
February 20, 2021
2/19/2021 Weekly Market Overview
An iffy initial unemployment report and a warning from Walmart lead to a mixed market this week with 4 sectors gaining, particularly the hot Energy sector while the Nasdaq declined this week.
February 13, 2021
2/12/2021 Weekly Market Overview
This was a big earnings week with over 600 companies reporting, Bumble, the women-centric dating app went public and the energy sector all helped to drive the major indexes higher this week.
February 6, 2021
2/5/2021 Weekly Market Overview
Several big earnings reports, Jeff Bezos stepping into a new role a tepid jobs report all mean one thing -- more records in the stock market. Maybe last week was a mini-correction setting the markets to climb this week or was a precursor to uneasiness in the financial markets, but the market closed the week up nearly 5%.
January 30, 2021
1/29/2021 Weekly Market Overview
A crazy week overshadowed and out weighed a big earnings week this week. All of the major indexes and every sector was down at least 1% this week which drove 2 of the 3 major indexes negative for the year. Was this the beginning of the draw-down that many experts were anticipating, something bigger, a nothing burger? Next week will tell us more.
January 23, 2021
1/22/2021 Weekly Market Overview
All of the major market indexes moved higher this week with the major technology stocks leading the way, just like they did in 2020. The Nasdaq Composite climbed 4% for the week well ahead of the other major indexes. All of the experts on yesterdays' CNBC Fast Money Halftime Report looking for some pull back in the very near future.
January 16, 2021
1/15/2021 Weekly Market Overview
After seemingly ignoring almost everything to start the year, the financial markets appear to have begun to focus on looking forward and what the new administration is going to be introducing to get our economy moving again. This week all of the major indexes declined.
January 9, 2021
1/8/2021 Weekly Market Overview
The markets opened the new year with a continuation of the rises in all of the major indexes with all 3 of the major indexes notching nice gains. There were very few earnings reports and a not-so-great jobs report that came in on Friday (although lower first time unemployment filings). We will see how this year begins to take shape in the next several weeks.
January 1, 2021
12/31/2020 Weekly Market Overview
The markets ended the year very quietly with some nice gains. All of the major indexes notched gains for the week and all sectors but the Energy sector gaining for the week.
December 27, 2020
12/24/2020 Weekly Market Overview
The markets barely moved last week, with not a ton of news happening --> very few earnings announcements, no major dividend announcements, not many major economic reports all translated to muted returns for the week for the major indexes.
December 19, 2020
12/18/2020 Weekly Market Overview
The markets continued to climb this week with all of the major indexes notching gains with a ton of news moving the markets: vaccine rollouts, stow stimulus talks, higher initial unemployment claims, pandemic closures and pandemic closure FIGHTS are all impacting markets right now.
December 12, 2020
12/11/2020 Weekly Market Overview
The locomotive ride up that the market has experienced since the election took a break this past week in spite of a huge week for IPOs with DoorDash and AirBNB going public and increasing over 500% in value over their pre-public private valuations. Even Jim Cramer thinks it's crazy.
December 4, 2020
12/4/2020 Weekly Market Overview
The market indexes continued their upwards climb again this week with all 3 major indexes gaining this week. The headline number for this week is that the Dow Jones Industrial Average closed above 30,000 for the week. Next stop 40,000!
November 28, 2020
11/27/2020 Weekly Market Overview
Another record setting week with the Dow Jones Industrials breaking thru the 30,000 barrier, all 3 major indexes notching gains and all 11 sectors increasing this week. This kind of performance typically forecasts a good holiday shopping season but in 2020, every group of people has their own economic reality, so it is a difficult read.
November 21, 2020
11/20/2020 Weekly Market Overview
The market was fairly well split down the middle this week with half of the sectors rising and half declining while the major indexes all declined this week. The post-election rally took a break this week as we all await the holiday season to see how well the economy is going to perform this year with more shutdowns coming.
November 14, 2020
11/13/2020 Weekly Market Overview
Hopes for the Pfizer coronavirus vaccine really drove the financial markets this week. For much of the year the rise and fall of the financial markets have typically been tied to 1 news item ranging from the coronavirus to the election to the cornavirus to new lockdowns and now to the vaccine.
November 6, 2020
11/06/2020 Weekly Market Overview
Another election day in the rearview mirror and the initial reaction is positive by the financial markets, likely due to there not being a feared complete takover of Washington by the Democratic Party.
October 31, 2020
10/30/2020 Weekly Market Overview
This was the biggest earnings week of the quarter with over 1100 companies reporting earnings this week. Good earnings reports from some of the biggest companies like Amazon, Google (Alphabet), Apple and Microsoft were not enough to offset the response to a second wave of the coronavirus that has prompted shutdowns in Europe to much higher case loads than there were back in the spring.
October 24, 2020
10/23/2020 Weekly Market Overview
The stimulus tug of war continued. The last presidential debate before the election happened. Initial unemployment claims dropped below 800K for the first time since the shutdown started. This all added up to a down week for all of the indexes.
October 10, 2020
10/9/2020 Weekly Market Overview
Renewed stimulus hopes pushed the markets higher this week in the face of a political scene that is doing nothing but heat up. All of the major indexes and sectors rose this week on very few major earnings releases and an initial jobless report that was a little larger than many hoped and expected.
October 4, 2020
10/2/2020 Weekly Market Overview
A strong performance this week was overshadowed by a volatile news week with the president contracting the Coronavirus, to a contentious debate to a potentially recovery technology sector somehow propelled markets higher this past week.
September 19, 2020
9/18/2020 Weekly Market Overview
A very mixed week in the financial markets were highlighted with some high profile tech IPOs, lead by Snowflake. The Dow ended the week essentially flat which the S&P and Nasdaq edged down while the sectors were split with 5 growing and 6 declining for the week.
September 12, 2020
9/11/2020 Weekly Market Overview
There was nearly an across-the-board decline in the financial markets last week with all 3 major indexes declining and all but 1 sector of the market posting losses. The biggest losers for the week were the Energy and the 2 technology sectors, definitely overshadowing a decline in the initial jobless claims report, which got little notice on Thursday.
September 5, 2020
9/4/2020 Weekly Market Overview
The markets took a significant reversal beginning on Thursday which led to declines in all of the major indexes last week. The jobs report on Friday went largely unnoticed with a good number of jobs added, albeit temporary census workers that will lose their jobs when their project is over.
August 29, 2020
8/28/2020 Weekly Market Overview
The markets continue to soar to new heights with the Dow Jones Industrials turning positive this week. The report on Personal Income for July was very strong (+0.4% vs an expected -0.3%), initial unemployment claims exceeded a million and the Republican National Convention was held this past week.
August 23, 2020
8/21/2020 Weekly Market Overview
The markets continued moving higher last week with several major retailers announcing earnings last week. Earnings reports from Home Depot and Lowe's indicate that home owners were incredibly busy making changes to their homes during the quarantine.
August 15, 2020
8/14/2020 Weekly Market Overview
The markets continued their upwards trek in the wake of the coronavirus global slowdown. Some circles are worried that the climb will get short circuited while others are looking for continued moves higher - both everybody and nobody is totally sure of where things are going.
August 8, 2020
8/7/2020 Weekly Market Overview
The major market indexes continued to defy gravity this week with all three major indexes increasing and every sector growing by at least 1.2%. The jobs report for July came out this week and while the number of employed grew and the unemployment rate declined, the growth slowed significantly compared to June's growth.
August 1, 2020
7/31/2020 Weekly Market Overview
Earnings season peaked with over 1,000 earnings releases this week. The markets shrugged off a second week of increased initial unemployment claims and the Information Technology sector lead all of the major indexes higher to close out July.
July 26, 2020
7/24/2020 Weekly Market Overview
The earnings season continued last week with a mix of results, but technology stocks like Intel and Microsoft had a bit of a tough week. 1/2 of the sectors fell and 1/2 rose last week as all of the major indexes declined for the week.
July 18, 2020
7/17/2020 Weekly Market Overview
It was a fairly good start to Q2 earnings season with all 3 major indexes increasing for the week and the S&P 500 almost pulling even for the year. All eyes will be on next weeks big chunk of companies reporting earnings, but it was a good start to the summer season.
July 11, 2020
7/10/2020 Weekly Market Overview
The week ended on a positive note after a volatile week where Thursday wiped out the weeks' gains. While the week ended on a positive note and all of the major averages climbed for the week, the individual sectors were very mixed for the week with the spread between the biggest gain and the biggest decline for the week coming in at a little over 10%.
June 27, 2020
6/26/2020 Weekly Market Overview
With reports of spike in coronavirus illnesses many states pulled back on their reopening process. Every sector as well as the major market indexes all dropped this week, with 3 of the sectors dropped by more than 5% on the week. Next week will feature jobs data, so it could be another volatile one.
June 20, 2020
6/19/2020 Weekly Market Overview
Another weird week on Wall St this week with another good week for the major indexes, increasing (an average of) 2.15%. There were few earnings releases so the market was (again) driven by expectations related to the post-pandemic economic recovery.
June 13, 2020
6/12/2020 Weekly Market Overview
Worries that there will be a second round of coronavirus illnesses drove the markets down nearly 5% for the week (as measured by the S&P500). Market fluctuations to this extreme are likely to continue for the forseeable future.
May 23, 2020
5/22/2020 Weekly Market Overview
Continued job losses were ignored as the nation began to reopen. The markets took a strong step up this week with 10 of the 11 sectors showing gains with 9 of them growing by more than 3.5% on the week.
May 17, 2020
5/15/2020 Weekly Market Overview
Continued job losses and a terrible retail sales report for April highlighted a week where the major indexes were challenged again while markets continue to be highly volatile.
May 3, 2020
5/01/2020 Weekly Market Overview
With another massive job loss report coming this past Thursday, the market averages struggled this week with all 3 declining an average of 0.4%. Eyes are beginning to look for the economy to begin to reopen and what the impact on significantly lower consumer activity is going to have on the broader economy.
April 18, 2020
4/17/2020 Weekly Market Overview
The overall uptick in the broad market indexes were split among sectors this past week with 6 of the 11 sectors rising this week but 5 declined. This is the first week in a while that all sectors did not move in the same direction.
April 10, 2020
4/9/2020 Weekly Market Overview
The whip-saw actions in the market continued this week with an across the board, massive rise in the major indexes as well as the sectors. The worst performing sector increased by over 5% this week.
March 28, 2020
3/27/2020 Weekly Market Overview
Another record smashing week with massive gains from Tuesday to Thursday ending the shortest bear market in history, only to be reversed with another Friday drop.
March 21, 2020
3/20/2020 Weekly Market Overview
This was one of the worst weeks on record for the stock markets with no real end in sight. Next week will likely feature significant job losses in the employment report. We are all hoping for a bottom soon.
March 14, 2020
3/13/2020 Weekly Market Overview
The bull market of 11 years came to an end this week with all of the major indexes selling off into Bear Market territory. All of the sectors dropped by more than 6% with Energy getting slammed by nearly 25%.
March 7, 2020
3/6/2020 Weekly Market Overview
Well that was certainly an irratic week with the major indexes massively up one day and way down the next, there were actually some winners this week, but where were they?
February 29, 2020
2/28/2020 Weekly Market Overview
In the worst week since the financial crisis all three major indexes were slammed with the Dow dropping 12.4%, the S&P500 dropping 11.5% and the Nasdaq 'only' declining by 11.4%.
February 22, 2020
2/21/2020 Weekly Market Overview
After last weeks string of record setting days, this week was lead by a string of coronavirus fears pushing markets back down. All 11 sectors declined this week.
February 15, 2020
2/14/2020 Weekly Market Overview
Another week, another set of records for the major market indexes. The markets continue to ignore any medium or long term economic impact of the Coronavirus.
February 8, 2020
2/07/2020 Weekly Market Overview
In spite of some just okay earnings releases, all of the major indexes returned to record breaking levels before closing the week a little softer, but record levels none the less.
February 1, 2020
1/31/2020 Weekly Market Overview
There was a mixture of good and bad earnings reports this week, but the market was lead down due to continued fears of a global slowdown due to the coronavirus in China and the potential to spread and limit economic activity.
January 25, 2020
1/24/2020 Weekly Market Overview
Several strong earnings reports from companies like Intel were not enough to keep all three major indexes from falling this week. Fears of a global slowdown due to the coronavirus lead the markets, and particularly the Energy sector down on the week.
January 18, 2020
1/17/2020 Weekly Market Overview
Earnings season kicked off with the major banks reporting earnings this week leading 10 of the 11 sectors to strong gains this week and records in the major indexes.
January 11, 2020
1/10/2020 Weekly Market Overview
Easing tensions in the Middle East, a return to the post-holiday trend helped move the markets up this week. A tepid jobs report on Friday kept things in check, but all 3 major indexes recorded gains for the week.
January 4, 2020
1/3/2020 Weekly Market Overview
We've certainly started the year off with a new round of uncertainty. The uncertainty again centers around the Middle East and escalating tensions with Iran. This overshadowed an otherwise quiet end to the year with record closes on all 3 major averages before the new year.2019 Weekly Updates