Weekly Insight | July 29, 2020

Equities were off slightly for the week as investors pulled back ahead of a newsy week highlighted by several earnings announcements, the Federal Open Market Committee (FOMC) meeting and uncertainty on fiscal stimulus extensions.

Weekly Insight | July 22, 2020

U.S. companies continued announcing second quarter earnings this week. With 15% of S&P 500 companies reporting, earnings and sales are better than expected. Earnings growth is 14.8% higher than estimated.

Weekly Insight | July 15, 2020

Equities advanced on the week despite initial weakness from increasing lockdown measures across the country. The S&P 500 advanced 1.8% on the week, but this time it was led by value and laggard names.

Weekly Insight | July 8, 2020

June’s unemployment rate was better than expected despite a resurgence of COVID-19 cases in some states. 11.1% of the U.S. labor force remains unemployed. The rate, a significant increase from last year, is lower than the consensus’ estimate of 12.5%.

Weekly Insight | July 1, 2020

Domestic equity markets were up on the week as the second quarter ended. The weekly gain in the S&P 500 was 2.2% and helped bring the quarterly return to 20.5%.