Aug 29, 2022 | Market Commentary
Powell Clearly Told Us That There Was No Fed Pivot Chair Powell gave his long awaited remarks from Jackson Hole this morning. For Fed chair standards, especially at such a high profile venue like Jackson Hole, Powell’s speech today was short and direct. In fact it was...
Aug 22, 2022 | Market Commentary
Quick Recap Markets had their first down week after four weeks of gains. Energy and Healthcare eked out small gains and every other sector was negative with Consumer Discretionary leading the losses. The S&P 500 closed at 4,228.48. Markets had a choppy week in a...
Aug 15, 2022 | Market Commentary
Quick Recap The S&P 500 closed the week at 4,280.15, on expectations inflation is peaking. The market gained for the fourth consecutive week, the longest winning streak since November 2021. The VIX fell yet again, to 19.53. Big Tech continues to rally. We remain...
Aug 8, 2022 | Market Commentary
Quick Recap The S&P 500 closed at 4,145, recovering from a drop after the strong jobs number. The market gained for the week. A strong jobs numbers cast doubt on recession and stagflation fears. However, the reading increases hawkish pressure on the Federal...
Aug 1, 2022 | Market Commentary
Quick Recap The S&P 500 closed at 4,130.29 last week with nearly $8 trillion in Big Tech companies reporting earnings, which were largely positive vs. consensus expectations. The VIX fell once again, this time to $21.42. The S&P has climbed more than 11% from...
Jul 28, 2022 | Market Commentary
Quick Recap Markets had a strong week but gave up momentum going into last Friday after Snap’s earnings miss led to fears about other large-cap names that derive digital advertising revenue. Defensives showed strength with the S&P 500 closing at 3,961.63. The VIX...
