Weekly Market Update – Southwest Michigan

24 Jul

This past week saw lower volatility with U.S. and foreign equities modestly higher.  China saw increased growth in the second quarter and announced a crackdown on excessive debt and speculation.  Actions speak louder than words and the growth in real estate debt had a lot to do with the robust growth numbers raising concerns about […]

Weekly Market Update – Southwest Michigan

17 Jul

U.S. and foreign stocks had significant gains this week.  Federal Reserve Chairwoman, Janet Yellen said inflation should rebound but that the Fed could alter its policy if inflation persists.  The markets seemed to take this positively.  Q2 Earnings season started with several large banks reporting earnings but a couple cautioned about earnings going forward.  The […]

Weekly Market Update – Southwest Michigan

10 Jul

Another volatile week ended with slight gains in U.S. Stocks.  Foreign stocks ended the week with modest losses.  The European Central Bank minutes indicated they are considering dropping the guarantee to expand quantitative easing if the economic outlook worsens.   This was interpreted as an initial step towards tapering QE.  Treasury yields were little changed with […]

Market Commentary – Southwest Michigan

05 Jul

Volatility returned to the markets this past week after seeing relatively low volatility for much of the past year.  US stocks see-sawed and ended the week lower with the tech heavy NASDAQ index seeing significant losses.  Foreign stocks generally had smaller losses. Many conflicting signals came out of the world’s central banks.  On Monday Minneapolis […]

Weekly Market Update – Southwest Michigan

26 Jun

While the Dow and the S&P 500 had slight gains for the week, the NASDAQ index rebounded from the prior week’s declines.  Foreign stocks were lower.  Interest rates fell with the yield curve flattening.  Commodities were lower, especially oil and grains.  The dollar was mostly unchanged. In the numbers, this week: The National Association of […]

Weekly Market Update – Southwest Michigan

05 Jun

U.S. and foreign stocks posted solid gains this week.  A weaker than expected May jobs report on Friday did not deter the rally as manufacturing numbers continue to accelerate.  The yield on the 10-year treasury bond yield dropped below 2.2%  on Friday and the dollar weakened for the week. In the numbers, this week: The […]

Weekly Market Update – Southwest Michigan

30 May

U.S. Stocks rose this week on good earnings.  Also, the FED minutes reflected a positive outlook for the economy the rest of this year.  Foreign stocks were relatively unchanged as were U.S. Treasury yields.  Oil led commodities lower despite OPEC and non-OPEC producers extending their production cuts through March 2018.  Traders had hoped for a […]

Weekly Market Update – Southwest Michigan

22 May

Dear , U.S. Stocks saw their biggest one day decline of 2017 on Wednesday after reports of a letter from former FBI director James Comey indicated that president Trump had asked him to curtail the investigation of Michael Flynn.  U.S. stocks ended the week modestly lower.  Foreign stocks rose and longer dates treasury yields fell.  […]