Market Commentaries

18 Sep

Tech Weighs on Markets

September 18, 2020 Stocks struggled for a third consecutive week as investors continued to unload growth and tech shares. News during Friday’s trading session that the U.S. government would block all TikTok and WeChat downloads put additional pressure on already muted sentiment. In contrast, value stocks have recently benefited on a relative basis from the…

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12 Sep

And….Pop.

September 11, 2020 Post-Labor Day trading picked up where it had left off prior to the holiday – with markets continuing to slide on growth and valuation concerns. The tech sector in particular weighed on the broader markets resulting in the S&P 500 falling-2.50% for the week. Given tech’s unabated march higher since April, the…

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28 Aug

Fed Gives Bulls a Shot in the Arm

August 28, 2020 The record-setting run continued on Wall Street with the S&P 500 recording an all-time high each day this week. A number of key developments helped fuel the index’s move higher. At the Kansas City Fed’s Annual Economic Symposium, Federal Reserve Chairman Jerome Powell took the virtual stage to announce a seismic shift…

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