Market Indexes: Weekly Market Commentary The week kicked off with the news that JP Morgan (JPM) was buying most assets of First Republic (FRC), the third bank to fail in a matter of months, and while the market's initial reaction was positive, regional banks were quickly under...
Market Indexes: The failure of First Republic Bank over the weekend kicked off a volatile week of trading as we awaited yet another rate hike by the Federal Reserve. However, the market didn’t digest the First Republic news until Tuesday as we saw markets...
Market Indexes: Stock indexes ended the week with fractional gains on Friday, as market participants got their first taste of Q1 earnings results from big tech companies like NFLX and TSLA. Despite quite a bit of volatility in those two names, markets remained within tight...
Market Indexes: Market Commentary Markets saw their fair share of volatility this week with CPI data on Wednesday and the beginning of earnings season on Friday, indices ultimately closed flat relative to last week’s close. However, now that earnings season is upon is, traders will be...
A month-end melt up in stocks to end this chaotic quarter in the markets. We ended Q1 2023 on a strong note, indicating that traders have put the three bank failures and one on the cusp (First Republic Bank), in their rearview as they searched...
MARKET INDEXES: A hopeful start to the week as many waited on abated breath as to what Fed Chair Jerome Powell would do in response to the bank failures over the past week. The markets rallied into Fed decision Wednesday on the hopes of a...
Market Indexes: March 11, 2023 It is fair to say that Fed Chair Jerome Powell stole the show on the Street this week as, despite the already hawkish expectations, shocked the market with his stark words regarding inflation. Small-caps and financials were crushed in the wake of...
Market Indexes: Economic Data: Monday: Durable Goods Orders for January: Durables Ex-Defense and Aircraft = +0.5% M/M and slowing -30bps to...
We had a shortened week due to the Monday holiday but that didn’t mean we were in for a lackluster week. Volatility spiked as we received news on Tuesday that the rate of disinflation was slowing and we were, in fact, seeing some...
Market Indexes: A lot of back and forth this week as it was jam packed with inflation related economic data, all of which pointed to a sustaining hawkish Fed that will more than likely keep rates “higher for longer”. CPI increased month over month, retail sales...