This Past Week in the Markets

16 Apr

U.S. Stocks and international stocks ended the week with significant gains.  Markets were encouraged by Chinese President Xi Jinping taking a conciliatory stance  on trade and indicating that China was ready to lower tariffs on U.S. automobiles.  Towards week end President Trump instructed his advisors to look into rejoining the Trans-Pacific Partnership.  It was believed […]

Weekly Market Commentary

07 Apr

Stocks ended the week with moderate losses primarily due to trade uncertainties.  On Monday, China enacted retaliatory tariffs on $3BN worth of U.S. exports such as pork and wine.  On Thursday, the Trump administration announced it was looking at tariffs on an additional $100BN in Chinese imports.  On Friday the selloff was triggered by news […]

Weekly Market Commentary

02 Apr

Stocks were mixed this holiday shortened week with most indices posting modest gains and the Nasdaq posting losses.  For the 1st quarter stocks were lower for the first quarterly loss since 2015.  Looking at the month ahead, 1st quarter earnings will be in full swing in mid-April.  We see earnings as a positive catalyst for […]

Weekly Market Commentary

10 Mar

U.S. and foreign stocks saw substantial gains for the week with a strong rally on Friday.  Stocks rose Thursday after President Trump announced tariffs on steel and aluminum that exempted Canada and Mexico (unless there is a total breakdown on NAFTA negotiations).  Trump also said that other allies may be exempted.  Since Canada is the […]

Weekly Market Commentary

25 Feb

U.S. and foreign stocks ended the week with gains.  The Federal Reserve minutes were released on Wednesday and showed a positive view on economic growth but FED members were divided on whether inflation will move above the FED’s 2% target this year.  The 10 year treasury yield ended the week unchanged.  Commodity prices had modest […]

Weekly Market Commentary

19 Feb

U.S. and foreign stocks rebounded sharply this week with emerging markets posting the biggest gains as the volatility index declined.  The ten-year treasury yield rose to 2.88%.  Commodity prices rose slightly while the U.S. dollar declined. In the numbers this week: The Commerce Department Reported: Housing starts rose 9.7% in January.  While single family housing […]

Weekly Market Commentary

12 Feb

US and foreign stocks saw substantial losses again this week despite strong fundamental news.  Small company stocks generally had smaller declines.  Congress passed a two year budget deal that had large increases in both defense and non-defense spending.  Normally, when a deal like this is reached, the markets react favorably and we did see a […]

Weeky Market Commentary

29 Jan

US and foreign stocks saw substantial gains this week as corporate earnings came in above expectations.  The Trump administration approved tariffs on large washing machines and solar cells citing unfair foreign competition.   Treasury yields saw little change and commodity indexes were mostly higher. Both the European Central Bank and the Bank of Japan announced this […]

Weekly Market Update

15 Jan

U.S. and foreign stocks rose substantially this past week.  Q4 earnings started to come out this past week and with only 5% of S&P 500 companies reporting Q4 earnings were up 10.2%.  U.S. Treasury bond yields as well as global government bond yields rose sharply.  Some sources in China hinted they may slow or halt […]

Weekly Market Commentary

07 Jan

The first week of 2018 started with a substantial rally in U.S. and foreign stocks.  Both short and long treasury yields rose and the dollar fell.  Oil prices continued to rise due to decreases in inventories.  Light vehicle sales were down slightly in 2017 from 2016’s record.  We believe auto demand will likely be less […]