Weekly Market Commentary

Weekly Market Commentary

Weekly Market Commentary - 12/1/2023 -Darren Leavitt, CFA A mélange of factors pushed US equity markets to a sneeze away from record highs.  US Treasuries continued to rally, sending yields lower across the curve.  The soft landing narrative continued as investors...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/24/2023 -Darren Leavitt, CFA US equity markets inked a 4th straight week of gains despite the market appearing to be overbought.  The holiday-shortened week featured light trading volumes and broad participation.  Earnings results from AI...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/17/2023 -Darren Leavitt, CFA The S&P 500 closed above 4500 after inking its third consecutive weekly gain.  Temperate economic data released over the last few months has elevated the idea of an economic soft landing and the idea that...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/10/2023 -Darren Leavitt, CFA Markets were mixed this week as investors digested additional earnings announcements, a plethora of Fed rhetoric, and a large dose of US Treasury issuance.  The divergence of mega-cap stocks widened relative...

read more

Weekly Market Commentary

-Darren Leavitt, CFA Global financial markets rallied big time last week on dovish tones from central bankers and on the notion that this interest rate hike cycle may be over.  The Bank of Japan kicked the week off with a vague move that sets their 10-year Japanese...

read more

Weekly Market Commentary

-Darren Leavitt, CFA Equity markets faced another wave of selling as the S&P 500 went into correction territory, down 10.13% from the end of July.  Investors saw some relief from the bond market, but trade in Sovereign debt continued to lack a safe-haven bid...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/20/2023 -Darren Leavitt, CFA This week, the debt market resumed its sell-off and wreaked havoc on the equity markets.  The US 10-year bond yield hit 5% for the first time since 2007, while longer-tenured issues felt the brunt of the...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/13/2023 -Darren Leavitt, CFA US equity markets finished the week with mixed results as investors digested the first tranche of third-quarter earnings results. JP Morgan, Citi Bank, Wells Fargo, and United Healthcare had...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/6/2023 -Darren Leavitt, CFA Investors were treated to another mixed bag of market action as the yield curve steepened on the notion of higher rates for longer.  There were several central bank officials that echoed the need to perhaps...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/29/2023 -Darren Leavitt, CFA Markets finished a difficult month of September with mixed results.  The prospect of a government shutdown, along with no real progress in the UAW negotiations and a recalibration of interest rate expectations,...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/22/2023 -Darren Leavitt, CFA US equity markets sold off in tandem with the US Treasury market as the Federal Reserve’s Open Market Committee meeting concluded with no change to its policy rate.  The Fed’s Summary of Economic Projections...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/15/2023 -Darren Leavitt, CFA It was a roller coaster ride on Wall Street this week, with early-week gains met with a late-week sell-off.  Investors cheered the largest IPO of the year that saw Arm Holdings come to market 10x oversubscribed...

read more

Weekly Market Commentary

-Darren Leavitt, CFA The holiday-shortened week ended with losses for both US equities and Treasuries.  Apple shares tumbled on the news that the Chinese government would ban the use of the iPhone at government agencies at all levels of government.  The news comes in...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/25/2023 -Darren Leavitt, CFA Financial markets were all over the place last week and ended with mixed results. The S&P 500 gained 0.8% and closed above 4400, a critical psychological level, but fell short of regaining the 50-day moving...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/18/2023 -Darren Leavitt, CFA US equity markets fell for the third consecutive week.  The S&P 500 broke its 50-day moving average and then sank below 4400.  The sell-off has been on low volume, and the market may have been due to some...

read more

Weekly Market Commentary

-Darren Leavitt, CFA US Financial markets had another week of consolidation.  Equities and US Treasuries sold off in tandem on light volume.  An early week debt downgrade of 10 small to midsized banks and a notice that other downgrades may follow by Moody’s dampened...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/4/2023 -Darren Leavitt, CFA Global equity markets fell last week as investors digested a full dose of Q2 earnings reports, a packed economic calendar, more central bank policy decisions, and Fitch's surprise downgrade of US sovereign debt....

read more

Weekly Market Commentary

Weekly Market Commentary - 7/28/2023 -Darren Leavitt, CFA It was a busy week on Wall Street with announcements of monetary policy decisions from the Federal Reserve, European Central Bank, and the Bank of Japan, along with an active calendar of Q2 earnings...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/21/2023 -Darren Leavitt, CFA US financial markets were mixed last week as investors continued to dissect 2nd quarter earnings results and economic data. The notion of a soft landing in the economy resonated with investors even as global...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/14/2023 -Darren Leavitt, CFA US markets rallied on the notion that the economy may be able to execute a soft landing as inflation wanes and employment continues to hold up.  Inflation data reported during the week showed moderating prices...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/7/2023 -Darren Leavitt, CFA The holiday-shortened week was discombobulated, to say the least. Trading desks on Wall Street were lightly staffed despite a full economic data calendar.   The start of the third quarter ushered in equity and...

read more

Weekly Market Commentary

Weekly Market Commentary - 6/30/2023 -Darren Leavitt, CFA Markets ended the month of June in strong form. Better-than-expected economic data for the week showed a resilient economy and inflation moderating. Investors were dismissive of hawkish commentary from ECB...

read more

Weekly Market Commentary

-Darren Leavitt, CFA US equity markets tapped on the brakes with modest losses across the board.  The notion that higher rates will further dampen global economic growth gave investors reason to take some profits.  Economic data painted a resilient economy but...

read more

Weekly Market Commentary

Weekly Market Commentary - 6/16/2023 -Darren Leavitt, CFA US equity markets continued to impress with another set of weekly gains. The mega-cap issues retook the lead, while small-cap issues lagged. Global central bank policy was top of mind for investors who received...

read more

Weekly Market Commentary

Weekly Market Commentary - 6/9/2023 -Darren Leavitt, CFA The S&P 500 entered a new bull market, increasing 20% off the October lows. The move came with broader participation outside the mega-cap technology issues, responsible for most of the market’s performance...

read more

Weekly Market Commentary

Weekly Market Commentary - 6/2/2023 -Darren Leavitt, CFA Investors enjoyed an excellent week of gains in US equity markets. Washington finally got a debt ceiling deal through Congress and onto President Biden’s desk. On the margin, it appears that the Republicans came...

read more

Weekly Market Commentary

Weekly Market Commentary - 5/26/2023 -Darren Leavitt, CFA As investors awaited news from the debt ceiling negotiations, markets continued to ebb and flow.  The S&P 500 continued to trade range-bound, oscillating between 4100 and 4200.  Fed rhetoric continued to...

read more

Weekly Market Commentary

Weekly Market Commentary - 5/19/2023 -Darren Leavitt, CFA Investors were treated to a week of gains for US indices, while US Treasuries fell significantly across the curve. Early in the week, there was cautious optimism around debt ceiling negotiations as both sides...

read more

Weekly Market Commentary

Weekly Market Commentary - 5/12/2023 -Darren Leavitt, CFA US equity and fixed-income markets continued to trade in a tight range. 4100 proved to be support for the S&P 500, while the US 10-year note yield oscillated around 3.46%. Cyclical issues were under...

read more

Weekly Market Commentary

Weekly Market Commentary - 5/5/2023 -Darren Leavitt, CFA Investors were treated with an extremely busy start to May. Central bank decisions on monetary policies and more first-quarter earnings were front and center, while there was a full slate of economic data to...

read more

Weekly Market Commentary

Weekly Market Commentary - 4/28/2023 -Darren Leavitt, CFA Markets ended the month of April with slight gains for the large-cap indices and small losses for the small-caps. Q1 earnings continued to be in focus as some of the most influential companies posted mixed...

read more

Weekly Market Commentary

Weekly Market Commentary - 4/21/2023 -Darren Leavitt, CFA US equities traded sideways throughout the week as investors contemplated Q1 earnings reports, more Fed rhetoric, and weakening economic data. International markets were also off for the week, with Chinese...

read more

Weekly Market Commentary

Weekly Market Commentary - 4/14/2023 -Darren Leavitt, CFA Trade was quiet this week as investors awaited inflation data and the start of first-quarter corporate earnings.  Inflation data was mixed but showed another month of moderating prices.  The reported inflation...

read more

Weekly Market Commentary

Weekly Market Commentary - 4/7/2023 -Darren Leavitt, CFA The holiday-shortened week saw low volumes in trading, where countercyclical sectors and US Treasuries were favored.  The week started with the announcement that OPEC + would cut oil production by 1.16 million...

read more

Weekly Market Commentary

Weekly Market Commentary - 3/31/2023 -Darren Leavitt, CFA Global equity markets ended the first quarter with impressive gains as concerns surrounding the banking system eased.  A two-day congressional hearing on the failure of Silicon Valley Bank catalyzed the call...

read more

Weekly Market Commentary

Weekly Market Commentary - 3/24/2023 -Darren Leavitt, CFA Global markets sighed in relief with the announcement that the Swiss National Bank had brokered a deal, combining Credit Suisse with UBS. Investors had been worried that troubles within Credit Suisse could have...

read more

Weekly Market Commentary

Weekly Market Commentary - 3/17/2023 -Darren Leavitt, CFA Financial markets continued to be erratic as investors assessed the health of the global banking system. The failures of Silicon Valley Bank and Signature Bank were met with multiple responses from the federal...

read more

Weekly Market Commentary

Weekly Market Commentary - 3/10/2023 -Darren Leavitt, CFA Wall Street endured a difficult week with volatile fluctuations in equity and fixed-income markets. Fed President J Powell’s testimony in front of congress kicked off the market’s chaotic week when he suggested...

read more

Weekly Market Commentary

Weekly Market Commentary - 3/3/2023 -Darren Leavitt, CFA US equity markets bounced on oversold conditions and their ability to hold key technical levels this week.  The S&P 500 broke its 50-day moving average (3980) and then tested the 200-day moving average...

read more

Weekly Market Commentary

Weekly Market Commentary - 2/24/2023 -Darren Leavitt, CFA It was another tough week on Wall Street as US equity markets continued to retreat alongside a sustained selloff in the US debt markets. The calendar was again stacked with economic data showing an economy...

read more

Weekly Market Commentary

Weekly Market Commentary - 2/17/2023 -Darren Leavitt, CFA US equity markets finished the week mixed, as economic data reported during the week indicated that inflation remains elevated.  Fed rhetoric was prevalent and had a more hawkish tilt.  Cleveland Fed President...

read more

Weekly Market Commentary

Weekly Market Commentary - 2/10/2023 -Darren Leavitt, CFA Wall Street pulled in its horns last week as investors sensed the market was overbought. Concerns about the outlook for corporate earnings and historically high valuations tempered buyers’ enthusiasm for...

read more

Weekly Market Commentary

Weekly Market Commentary - 2/3/2023 -Darren Leavitt, CFA Investors were hit with a full dose of market-moving events and data throughout the week. The Federal Reserve, Bank of England, and European Central Bank increased their respective policy rates. The Fed raised...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/27/2023 -Darren Leavitt, CFA Momentum trade pushed US equity markets higher and forced shorts to cover and those sitting in cash to move off the sidelines for fear of missing out on further gains. Fourth quarter earnings continued to come...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/20/2023 -Darren Leavitt, CFA Inflation data showed prices easing in the US and Europe while Japanese CPI hit a level not seen since the 1980s.  The downtrend in US producer prices, coupled with weaker-than-expected US retail sales and a...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/13/2023 -Darren Leavitt, CFA Equity markets continued to rally in the second week of January as investors considered the idea of a Fed-orchestrated soft landing. An inline December CPI showed consumer prices falling on the headline number...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/6/2023 -Darren Leavitt, CFA The start of the New Year brought volatility with it. Markets sold off early in the week and tested a critical technical level on the S&P 500 (3800), then bounced significantly to regain support and end the...

read more

Weekly Market Commentary

Weekly Market Commentary - 12/30/2022 -Darren Leavitt, CFA Financial markets finished the final week of 2022 trading with a whimper.  Year-end tax-loss harvesting and asset class rebalancing accounted for much of the volume in light trade.  The technical level of 3800...

read more

Weekly Market Commentary

Weekly Market Commentary - 12/23/2022 -Darren Leavitt, CFA The S&P 500 incurred its third straight weekly loss as investors assessed the increasing likelihood of a global recession and its impact on current earnings estimates.  Markets also had to contend with a...

read more

Weekly Market Commentary

Weekly Market Commentary - 12/16/2022 -Darren Leavitt, CFA US equity markets started the week recouping from last week’s losses in hopes of a cooler CPI print and a more dovish stance from the Federal Reserve Open Market Committee.  Investors did cheer a...

read more

Weekly Market Commentary

Weekly Market Commentary - 12/9/2022 -Darren Leavitt, CFA Markets gave back gains inked over the last couple of weeks as investors pulled off risk in front of the upcoming Federal Reserve Open Market Committee meeting. The market expects the Fed to increase its policy...

read more

Weekly Market Commentary

Weekly Market Commentary - 12/2/2022 -Darren Leavitt, CFA The week started with concerns regarding China’s Zero Covid policy which has led to protests stemming from continued lockdowns.  Initial concerns were tempered by reports suggesting China would slowly move away...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/25/2022 -Darren Leavitt, CFA Investors pushed US equities and Treasuries higher in light volume trade. The holiday-shortened week was packed with all kinds of news. A spike in Covid cases in China increased lockdown measures and brought...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/18/2022 -Darren Leavitt, CFA Investors continued to digest the market’s recent strength and questioned if there is more upside to the move. There was no lack of hawkish Fed speak throughout the week. St. Louis Fed President Bullard...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/11/2022 -Darren Leavitt, CFA “Bar the door Katie” What an extraordinary week on Wall Street.  Tuesday’s Midterm elections, coupled with a Crypto stalwart blow-up, were accompanied by a better-than-expected Consumer Price Index report.  US...

read more

Weekly Market Commentary

Weekly Market Commentary - 11/4/2022 -Darren Leavitt, CFA Wall Street incurred another week of losses as investors digested another 75 basis point rate hike from the Federal Reserve.  Hopes of a pivot away from a hawkish stance were diminished when Fed Chairman Powell...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/28/2022 -Darren Leavitt, CFA US financial markets followed through with another week of gains as investors gravitated toward the notion that the Fed would temper its monetary policy after the November meeting. Less-than-expected rate...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/21/2022 -Darren Leavitt, CFA Investors enjoyed a nice rally as Fed rhetoric suggested a less hawkish policy path. The rhetoric was backed by Nick Timiraos, a Fed pundit, who published an article in the Wall Street Journal that indicated...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/14/2022 -Darren Leavitt, CFA Capital markets continued to be extremely volatile.  All eyes were on the US Consumer Price Index (CPI) print on Thursday, which showed no signs of inflation moderating.  The headline number increased by 0.4%,...

read more

Weekly Market Commentary

Weekly Market Commentary - 10/7/2022 -Darren Leavitt, CFA Wall Street started the week with a broad rally but ended with a sizeable sell-off. The rally was predicated on a reversal in fiscal policy by new UK Prime Minster Liz Truss. Conflicting fiscal and monetary...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/30/2022 -Darren Leavitt, CFA Global financial markets ended a difficult month of September with losses. Worries of a systemic breakdown in financial markets were induced by the extreme sell-offs in British Gilts and the British Pound. The...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/23/2022 -Darren Leavitt, CFA It was another brutal week on Wall Street as global economic growth concerns aggravated sentiment. Investors sold risk assets in the wake of several rate hikes by global central banks. The Federal Reserve...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/16/2022 -Darren Leavitt, CFA There was no place for investors to hide this week except in cash. A hotter than anticipated Consumer Price Index (CPI) caught most of Wall Street off guard and propelled the S&P 500 to its largest one-day...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/9/2022 -Darren Leavitt, CFA The holiday-shortened week felt like anything of the sort.  Wall Street is back from summer break, and market action kicked right into high gear.  After three straight weeks of losses that saw the S&P 500...

read more

Weekly Market Commentary

Weekly Market Commentary - 9/2/2022 -Darren Leavitt, CFA Global financial markets continued to sell off on hawkish rhetoric from the Federal Reserve and on the realization that rates will likely be higher and in place for a longer time horizon. Cleveland Fed President...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/26/2022 -Darren Leavitt, CFA Global financial markets were focused for most of the week on economic rhetoric from the annual Jackson Hole Economic Symposium hosted by the Kansas City Federal Reserve.  Throughout the second half of the...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/19/2022 -Darren Leavitt, CFA US equities and bonds ended the week lower in an erratic fashion. Technically, the S&P 500 failed to surpass it's 200- day moving average, which gave reason for investors to take profits. The S&P 500...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/12/2022 -Darren Leavitt, CFA Weaker than anticipated inflation data released in the second half of the week bolstered the peak inflation narrative and catalyzed the S&P 500 to the fourth week of gains. Of note, on a technical basis,...

read more

Weekly Market Commentary

Weekly Market Commentary - 8/5/2022 -Darren Leavitt, CFA Despite a cautious start to the week, US equity markets posted gains for the third week. A tepid ISM manufacturing report coupled with uncertainties surrounding House Speaker Pelosi’s visit to Taiwan initially...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/29/2022 -Darren Leavitt, CFA Investors faced the busiest week of the year as 175 companies representing 50% of the S&P 500’s market capitalization reported 2nd quarter earnings. The results were mixed and produced drastic swings in...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/22/2022 -Darren Leavitt, CFA US financial markets rallied over the week despite increasing economic growth concerns. A very weak BofA Fund Manager Survey validated a sense that some, if not most, of the coming economic weakness has been...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/15/2022 -Darren Leavitt, CFA It was an extremely busy week on Wall Street with a full calendar of economic data and the start of 2nd quarter earnings. Growth concerns fostered more selling in equities and commodities while the long tenures...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/8/2022 -Darren Leavitt, CFA The holiday-shortened week saw the US stock market bounce while US Treasuries gave up the bulk of their prior weeks' gains. Economic data was highlighted by the June Employment Situation report that showed...

read more

Weekly Market Commentary

Weekly Market Commentary - 7/1/2022 -Darren Leavitt, CFA Markets took a step back after the prior week’s impressive rally. The same culprits showed up to dampen investors’ appetite for risk assets- growth concerns, inflation, and hawkish central bank rhetoric....

read more

Weekly Market Commentary

Weekly Market Commentary - 6/24/2022 -Darren Leavitt, CFA In a holiday-shortened week, financial markets bounced out of extreme oversold conditions.  Mega-cap growth stocks outperformed value issues, mid-caps, and small caps.  The Fed Chairman was on the hill in front...

read more

Weekly Market Commentary

Weekly Market Commentary - 6/17/2022 -Darren Leavitt, CFA Investors sent global markets lower on recession fears induced by tighter central bank policies. The Federal Reserve announced that they would raise their policy rate by 75 basis points to a target of 1.50% to...

read more

Weekly Market Commentary

Weekly Market Commentary -6/10/2022 -Darren Leavitt, CFA Global growth concerns were raised throughout the week on multiple fronts. Central bank policy from the Eurozone, India, and Australia promoted tighter monetary policy. Higher fuel prices stoked fears of...

read more

Weekly Market Commentary

Weekly Market Commentary -6/3/2022 -Darren Leavitt, CFA Wall Street ended lower for the week as investors heard more hawkish rhetoric from Fed officials and economic warnings from two prominent CEOs.  The holiday-shortened week produced another tranche of mixed Q1...

read more

Weekly Market Commentary

Weekly Market Commentary -5/27/2022 -Darren Leavitt, CFA Happy Memorial Day, and thank you to all that have served our great country. Global financial markets rallied as buy the dip investors finally showed up on Wall Street. US Markets were especially strong after...

read more

Weekly Market Commentary

Weekly Market Commentary -5/20/2022 -Darren Leavitt, CFA US markets continued to sell off while developed international and emerging markets traded higher. Disappointing Q1 earnings results from the retailers cast some doubt on the health of the US consumer and...

read more

Weekly Market Commentary

Weekly Market Commentary -5/13/2022 -Darren Leavitt, CFA Investors endured another tough week as financial markets continued to digest robust inflation data, mixed Q1 earnings, and fears that global growth will continue to slow. Economic data was centered on the...

read more

Weekly Market Commentary

Weekly Market Commentary -5/6/2022 -Darren Leavitt, CFA It was an extremely busy and volatile week on Wall Street.  The Federal Reserve's May FOMC meeting statement was top of mind for investors and came in as expected.  However, post statement Q&A added some...

read more

Weekly Monthly Commentary

Weekly Monthly Commentary - April '22 -Darren Leavitt, CFA Global financial markets had a rough month in April. Inflation continued to be top of mind for investors as data continued to show historic increases in prices. The Federal Reserve still appears to be behind...

read more

Weekly Market Commentary

Weekly Market Commentary -4/22/2022 -Darren Leavitt, CFA Financial asset classes had a tough week as global growth concerns were stoked by more hawkish commentary from Fed Presidents and mixed earnings results from corporate America. Economic data showed mixed results...

read more

Weekly Market Commentary

Weekly Market Commentary -4/15/2022 -Darren Leavitt, CFA First-quarter earnings season kicked off with mixed results from the financials and positive results from the airlines. The holiday-shortened week found US equities taking one step forward only to subsequently...

read more

Weekly Market Commentary

Weekly Market Commentary -4/8/2022 -Darren Leavitt, CFA Fed rhetoric sent yields higher across the curve, with longer duration Treasuries taking the brunt of the sell-off. Higher yields pressured growth stocks and favored defensive sectors such as the Utilities,...

read more

Weekly Market Commentary

Weekly Market Commentary -4/1/2022 -Darren Leavitt, CFA Financial markets started the week with a strong rally on the back of what appeared to be constructive negotiations between Russia and Ukraine.  However, progress was refuted as the week moved forward, and...

read more

Weekly Market Commentary

Weekly Market Commentary -3/25/2022 -Darren Leavitt, CFA It was a hectic week for investors as US financial markets tried to post a second consecutive week of gains. Geopolitics continued to influence market action. President Biden traveled to Europe to meet with NATO...

read more

Weekly Market Commentary

Weekly Market Commentary -3/18/2022 -Darren Leavitt, CFA Global financial markets registered significant gains for the week. Investors continued to watch for any progress on negotiations between Russia and Ukraine. Central bank policy came in as expected, which helped...

read more

Weekly Market Commentary

Weekly Market Commentary -3/11/2022 -Darren Leavitt, CFA Investors started the week facing $130 a barrel crude as the US announced an embargo on Russian oil.  Europe also announced that they would begin to taper their dependence on Russian energy, albeit a process...

read more

Weekly Market Commentary

Weekly Market Commentary -3/4/2022 -Darren Leavitt, CFA Financial markets continued to be volatile as investors assessed the ramifications of the ongoing war in Ukraine.  International sanctions roiled the Russian ruble and kept the Russian equity markets closed. ...

read more

Weekly Market Commentary

Weekly Market Commentary -2/25/2022 -Darren Leavitt, CFA The uncertainty of the ramifications of a Russian-induced war led to massive swings in the global financial markets. Generally speaking, markets do not like uncertainty. While Russia’s move into Ukraine was well...

read more

Weekly Market Commentary

Weekly Market Commentary -2/18/2022 -Darren Leavitt, CFA Global financial markets traded lower for the week as Russian-Ukraine tensions dominated headlines. The Federal Reserve’s policy rate path continued to be debated off the back of another hot inflation print of...

read more

Weekly Market Commentary

Weekly Market Commentary -2/11/2022 -Darren Leavitt, CFA US equity markets struggled to gain any footing as concerns regarding record inflation along with worries about an imminent Russian invasion of Ukraine kept a lid on investor sentiment. Fourth-quarter earnings...

read more

Weekly Market Commentary

Weekly Market Commentary -2/4/2022 -Darren Leavitt, CFA Global markets continued to be volatile but managed to post nice gains in the first week of February. Month-end rebalancing coupled with oversold conditions helped the S&P 500 maintain support at its 200 day...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/28/2022 -Darren Leavitt, CFA A hectic week on Wall Street featured the Federal Open Market Committee meeting statement, more fourth-quarter corporate earnings reports, and increased geopolitical tensions with Russia. The Federal Reserve...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/21/2022 -Darren Leavitt, CFA It was another brutal week for investors as global markets continued to sell-off. Concerns regarding the path of global central bank policy and a lackluster start of fourth-quarter earnings weighed on...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/14/2022 -Darren Leavitt, CFA US Financial markets fell across the board as investors got a full dose of Federal Reserve rhetoric and were underwhelmed by the start of fourth-quarter earnings. The S&P 500 was also unable to bounce off...

read more

Weekly Market Commentary

Weekly Market Commentary - 1/7/2022 -Darren Leavitt, CFA US financial markets fell in the first week of 2022 after the S&P 500 hit an all-time high on Monday. The release of the December Federal Open Market Committee minutes revealed a much more hawkish Fed. It...

read more

Weekly Market Commentary

Weekly Market Commentary - 12/31/2021 -Darren Leavitt, CFA Financial market action in the final week of the year was relatively muted.  A mild Santa Clause rally did ensue as seasonal factors such as rebalancing and window dressing kicked in.  Investors got a full...

read more