Market Commentaries

16 Oct

Strong Consumer Spending Lifts Stocks as Investors Await Stimulus Deal

October 16, 2020 Better than expected retail spending figures and a strong start to the Q3 earnings season lifted the S&P 500 to its third straight winning week. The third quarter earnings season kicked off in earnest this week with financial giants Goldman Sachs and JPMorgan leading banks to better than expected results as they…

Read More
09 Oct

Rinse and Repeat

October 9, 2020 Markets continued to rally for the first full week of October, sending the S&P 500 up for a second consecutive week. Like last week, the move was spurred by hopes that Republicans and Democrats will strike a stimulus deal to help millions of Americans amid the on-going pandemic. The last stimulus package…

Read More
02 Oct

Hope for a Stimulus Deal Leads Stocks Higher

October 2, 2020 Hopes for a last-minute coronavirus stimulus package prior to the November presidential election pushed the S&P 500 1.50% higher for the week. This was the index’s first winning week over the last five during which markets have grappled with concerns that the economy is weakening amid gridlock on Capitol Hill in passing a…

Read More