Market Commentaries

10 Aug

Turkey Fouls Markets

August 10, 2018 A strong start to the trading week, fueled by solid quarterly earnings results, was not enough to lift the S&P 500 higher for the week. Investors were spooked on Friday by Turkey’s falling currency, placing the Turkish economy in near crisis state. Rising political tensions between the U.S. and Turkey provided the…

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27 Jul

Numbers are in the House

July 27, 2018 Markets posted another winning week as quarterly earnings continued to beat expectations and Q2 GDP hit a four-year high. With roughly half of the S&P 500 having reported, second quarter earnings are now projected to rise 22.60%, up from last week’s estimate of 22.00%. In economic news, the first estimate of U.S….

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20 Jul

Earnings Lift Markets

July 20, 2018 Earnings continued to dominate the tape this week, with notable reports from tech giant Microsoft and railroad operator CSX. In economic news, consumers took center stage with retail sales being the highlight of the week. Amazon’s Prime Day showed consumers kicked off the third quarter on a strong note, attracting shoppers to…

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