Weekly Insight | April 7, 2021

Equities advanced last week over the shortened holiday week. The S&P 500 was up 2.7%, led by a rebound in the Technology sector. The NASDAQ was up 3.4% and took its cue from a decline in Treasury yields.

Weekly Insight | March 31, 2021

There was a significant drop in personal income in February; it decreased by 7.1% over the month. This is after January saw an increase of 10.1%. The main contributing factor to the decrease was that there were no stimulus checks sent out in February.

Weekly Insight | March 24, 2021

Equities came under pressure this week as the anticipated stimulus pop failed to materialize. The S&P 500 was down 2.1% on the week, but there was significant dispersion with many popular stocks down much more.

Weekly Insight | March 17, 2021

A big economic number this week was the Retail Sales report for February. The decline of 3% comes after a strong January number of 7.6%. The decline, which was larger than expected, could be a function of more moderate sales after January’s bump from the second round of stimulus checks.

Weekly Insight | March 10, 2021

Equities bounced back this week with the S&P 500 advancing 2.1%. Focus continues to be on the outperformance of stocks with lower valuations. The NASDAQ continues to underperform amid big swings in intra-day volatility.

Weekly Insight | March 3, 2021

Orders for durable goods in January, a leading economic indicator, were up by 3.4%. This is the ninth month in a row the index is up. The increase was led by transportation orders, up eight of the last nine months.

Weekly Insight | February 24, 2021

Equities bounced back mid-week amid sector divergences. The S&P 500 was down 0.1%, balanced by declines in high growth stocks and gains in so-called value stocks. Rising interest rates put pressure on growth stocks nearly every day, although some days witnessed mid-day buying to limit the damage.

Weekly Insight | February 17, 2021

Equities inched up on the week, setting new highs in the process. The S&P 500 advanced 0.6%, but there was notable rotation under the surface. The energy sector jumped 4.0% as freezing temperatures across the country forced oil shut-ins and boosted demand for natural gas and other related commodities.