Market Commentaries

07 Jul

Stocks Fall on Dueling Job Market Reports

July 7th, 2023 Stocks slipped during a 4th of July shortened trading week. Jobs were this week’s focus, where the strength of Thursday’s ADP jobs report jolted markets on concerns the Fed will be forced to be more aggressive in order to tame hiring demand and cool economic growth. Of particular concern was the fact…

Read More
16 Jun

Bulls’ Rally Stalls on Fedspeak

June 23rd, 2023 After posting five straight winning weeks, bulls opted to take some gains off the table in a holiday-shortened trading week. A light week in economic news left investors to focus on Federal Reserve Chairman Jerome Powell’s semi-annual testimony to Congress. Aside from fielding questions on the Fed’s fight against inflation, Powell was…

Read More
09 Jun

S&P Enters New Bull Market

June 9th, 2023 Stocks built on their rally this week, notching a new S&P 500 high for 2023 and topping 4,300 for the first time since August. The move higher came on a quiet week for economic news following last week’s debt ceiling standoff. Investors saw positives in a softer than expected ISM Services print,…

Read More