Year: 2017

Political headlines are coming at an alarming pace. In spite of this, markets were relatively quiet last week which left U.S. equity prices little changed. Treasury yields moved slightly lower as the dollar weakened; our dynamic yield curve is beginning to flatten. Oil prices also declined for a fourth straight…

Last week, stocks started the abbreviated trading week on a down note, but things turned around heading into Thursday and Friday, pushing the major benchmarks to record highs. Equity prices closed higher on Friday, June 2, following a non-farm payrolls report that showed a weaker-than-expected 138,000 jobs were created in…

Last Friday, stocks reached record highs (again) on a better-than-expected nonfarm payrolls report. The 10-year Treasury yield also rose for most of the week following reassurance by the Federal Reserve that it remains on pace with planned interest rate hikes. Friday’s employment report was expected to show 185,000 new jobs…

When economic data is good and consumer confidence reaches its highest level since 2001, U.S. equities have momentum on their side.  Last week the S&P 500 Index climbed 0.7% as the ISM non-manufacturing index showed that business activity and employment trends are improving.  As the economy improves, the Federal Reserve…

Heading into the election, headlines pontificated a huge sell-off (following a Trump win). Stocks closed at record highs last Friday, with gains of 0.5% for the Dow Jones Industrial Average, 0.4% for the S&P 500, and 0.3% for the Nasdaq Composite.  Year-to-date gains are now 6.5% for the Nasdaq, 3.5%…

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