Market Commentaries

30 Jul

S&P 500 Goes for the Gold with 6th Straight Monthly Gain

July 30th, 2021 Stocks appeared to be on their way to another record-breaking week as Q2 2021 corporate earnings continued to surprise to the upside, U.S. economic activity returned to pre-pandemic levels, and the Federal Reserve signaled it would maintain its easy monetary stimulus program. As more earnings results poured in this week, the corporate…

Read More
23 Jul

Dow Vaults Above 35,000

July 23rd, 2021 The Dow Jones Industrial Average stumbled out of the blocks to kick off the week’s trading. Growing concerns that the Covid-19 delta variant would lead to a spike in cases and derail the economic recovery sent the Dow down 725+ points on Monday. The sell-off proved to be short-lived as cooler heads…

Read More
16 Jul

Bulls Pause as Inflation Takes a Hike

July 16th, 2021 Markets started the week on a high note, with the S&P 500 hitting another record high during Monday’s trading session. Unfortunately, the enthusiasm was short-lived as investors digested the week’s news. Surging prices for used cars, gasoline, food, and airfares pushed consumer prices higher by 5.40% from year ago levels in June. Producer…

Read More