Weekly Market Update – Southwest Michigan

25 Sep

In the U.S., large company stocks were little changed for the week but small company stocks had modest gains.  Foreign stocks were generally lower.  The Federal Reserve met this week and while leaving short term interest rates unchanged, they announced they would start trimming their balance sheet in October.  So, instead of reinvesting all the […]

Weekly Market Commentary – Southwest Battle Creek

11 Sep

As the Houston area recovers from hurricane Harvey, hurricane Irma takes aim at Florida.  Disruptions in refining and the main gasoline pipeline that supply’s the east coast affected gasoline prices for much of the U.S.  Crude oil inventories saw a huge draw down due to supply disruptions.  The European Central Bank president, Mario Draghi, indicated […]

Weekly Market Update – Southwest Michigan

05 Sep

US Stocks had modest gains last week with the Nasdaq index providing the best performance.  The broad-based S&P 500 has been in a narrow range since mid-June.  Foreign stocks generally had smaller gains. Hurricane Harvey pounded the Houston area with the highest rainfall numbers ever recorded in U.S. history.  While our thoughts and prayers go […]

Weekly Market Update – Southwest Michigan

21 Aug

U.S. Stocks ended the week with significant declines while foreign stocks generally rose.  North Korea tensions ratcheted down as Kim Jong Un said he would not fire missiles towards Guam.  However, concerns over president Trump’s conflicting statements regarding the shocking events in Charlottesville and the resulting departures of CEOs on advisory panels, created uncertainty over […]

Weekly Market Update – Southwest Michigan

14 Aug

US Stocks finished lower and volatility rose as tensions flared over North Korea.  Foreign stocks generally fell more, especially in South Korea.  Ten-year Treasury yields fell to 2.19% as a safe haven and the U.S. dollar weakened.  Commodities were mixed with gold higher and oil lower.   In the numbers, this week: Factset reported with […]

Weekly Market Update – Southwest Michigan

31 Jul

U.S. Stocks showed little change this past week with the S&P 500 up slightly, the Dow 30 up sharply and the Nasdaq 100 down.  There was little change from the FED as the announcement indicated they may start unwinding the balance sheet soon and likely not raise short term rates until December.   10-year Treasury yields […]

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 […]