Market Commentaries

25 Jun

No Fireworks but Markets Hit 33rd All-Time High of the Year

June 25, 2021 Markets rocketed to yet another record high this week on a string of announcements from Capitol Hill and safe economic data. After months of discussions, Wall Street cheered news that a bipartisan group of Democrats and Republicans had struck an agreement for a $1 trillion infrastructure deal early Thursday. The stripped-down proposal…

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18 Jun

Fed Forces Market to Reconsider Rate Path

June 18, 2021 After last week’s record close, stocks stumbled this week on several market-moving events and key economic reports. The Federal Reserve drove most of the action as it announced it would accelerate its planned interest rate hikes from 2024 to late 2023 due to the pace and robustness of the economic recovery. The…

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11 Jun

Markets Stay Cool While CPI Sizzles

June 11th, 2021 Higher consumer prices were no match for Wall Street bulls this week, who managed to push the S&P 500 to a new all-time high of 4,247.44 on Friday. That was the index’s 30th record high of 2021. The record-breaking run continued despite May’s Consumer Price Index (CPI) coming in red hot, rising 5.00%…

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