The Past Week in the Markets
October maintained its reputation as a volatile month. Stocks ended the week significantly lower despite strong gross domestic product growth and headline earnings. Warnings about future earnings from industrial and technology companies were attributed to some of the selloff. The Treasury Department reported that overseas purchases of Treasury securities has declined with foreigners buying only […]
The Past Week in the Markets
October retained its reputation as a volatile month. Stocks ended the volatile week with little change. The early week rally faded after the FED released its September minutes on Wednesday indicating that gradual interest rate increases are likely to continue. Economic data were mixed for the week. The 10 year Treasury yield moved back up […]
The Past Week in the Markets
It was a wild ride this week as U.S. and foreign stocks sold off sharply on Wednesday and Thursday with a rebound on Friday. The Dow 30 Industrials fell about 5.5% over two days rebounding about 1.15% on Friday. Technology stocks were especially hard hit but had been some of the biggest gainers this year. […]
The Past Week in the Markets
Stocks sold off as interest rates soared to highest since 2011. The 10-year treasury rose 0.15% to 3.227%, the highest since 2011. There were multiple factors attributable to the rate increase. The FED started decreasing the size of its balance sheet a year ago by $10BN a month and increasing it $10BN a month each […]
The Past Week in the Markets
Most stock indexes were lower for the week with developed international stocks fairing the worst. The Nasdaq index ended with a modest gain. As expected, the FED raised its short term interest rate to between 2% and 2.25%. The language of the FED’s announcement no longer states that the FED is accommodative and indicated that […]
