Weekly Insight | July 21, 2021

The 2021 second quarter earnings season has started out strong. So far, 20% of S&P 500 companies have reported and earnings and sales growth are coming in a lot stronger than expected.

Weekly Insight | July 7, 2021

We were blessed with the largest nonfarm payrolls increase in 10 months in June, with 850,000 jobs added. We also saw unemployment increase from 5.8% to 5.9%, however this is not a bad sign.

Weekly Insight | June 30, 2021

The S&P 500 inched up to make a new all-time high. Under the surface, however, things are not so strong with less than 50% of the Index trading above its 50-day moving average.

Weekly Insight | June 23, 2021

Some new housing data was released this week. Existing home sales came in higher than expected but lower than the previous month. We have seen month-over-month dips since the beginning of the year.

Weekly Insight | June 16, 2021

Headline Consumer Price Index (CPI) was hotter than expected with a gain of 5.0% versus the previous year. Core CPI was up 3.8% versus the prior year, its highest reading since 1992.

Weekly Insight | June 9, 2021

The big number being talked about this week is the unemployment rate. The reading of 5.8% is down from last month’s 6.1% and the number of unemployed people is at 9.3 million.

Weekly Insight | May 26, 2021

It was another difficult week for prospective home buyers. Existing home sales for April were lighter than expected and down 2.7% from the previous month. The decline to 5.85 million, lower than the expected 6.08 million, makes April the third consecutive month of declines.

Weekly Insight | May 19, 2021

Equities rebounded amid a down month with the S&P 500 advancing 1.4% on the week. Higher beta stocks had a better bounce with the Russell 2000 Index up 2.8% and the NASDAQ Composite up 2.1%.