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%.

Weekly Insight | May 12, 2021

Higher-than-expected inflation was a large market-influencing concern this week. In April, prices increased by 4.2% year-over-year, as measured by the Consumer Price Index (CPI). The increase is the largest 12-month rise since September 2008 when prices grew by 4.9%.

Weekly Insight | May 5, 2021

The S&P 500 was down slightly on the week as sector dispersion was again a major factor. Materials were up more than 4% while both energy and financials gained. The NASDAQ was down 3.3% as technology bellwethers were sold aggressively following good earnings.

Weekly Insight | April 28, 2021

There was another drop in existing home sales this week. Only 6.01 million homes were sold in March, down from February’s 6.24 million. This is the second consecutive month we have seen a drop.

Weekly Insight | April 21, 2021

The S&P 500 pushed higher despite some softness mid-week. Upside was achieved by the more defensive sectors as growth and small caps struggled to gain traction. The S&P 500 ended the week up 1.2%, but small cap stocks finished in the red.

Weekly Insight | April 14, 2021

Earnings season has begun with strong expectations for the first quarter. Stimulus payments in March are expected to positively impact company earnings. The current forecast is for earnings per share to grow by 29.25%.