Market Commentaries

07 May

Don’t Let Facts Get in the Way of a Good Rally

May 7, 2021 The S&P 500 registered its 26th record high of the year as April nonfarm payrolls missed expectations with businesses adding 266,000 workers to the payrolls. Although the number was an average reading in normal times, it badly missed the 1 million new hires Wall Street had expected given the broad reopening currently underway. Despite…

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30 Apr

C + I + G = MC^2

April 30, 2021 The S&P 500 closed out the month on a high note, propelled once again by more strong corporate earnings, positive economic reports, and accommodative fiscal and monetary stimulus. Tech giants Microsoft and Amazon reported this week, adding to the recent round of stellar earnings reports. Pandemic-fueled spending on cloud services, videogaming, and ecommerce…

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23 Apr

Markets Shrug off Tax Hike Concerns

April 23, 2021 After a brief selloff on Thursday following news that the Biden administration will seek to nearly double the capital gains tax on the “wealthy”, stocks rebounded strongly on Friday on the belief that getting unanimous support from Democrats in the Senate to do so could be difficult. The move higher came as…

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