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.  […]

15 May

U.S. stocks were modestly lower this week.  Despite strong economic data and a positive bi-lateral trade agreement with China, there were concerns over weak earnings reports from some retailers.  International stocks were in-line with U.S. stocks despite the relief of a pro Eurozone centrist winning the French election.  Oil prices rebounded due to inventory drawdowns […]

Weekly Market Update – Southwest Michigan

08 May

U.S. stocks were modestly higher this week with foreign stocks logging larger gains.  The U.S. Commonwealth of Puerto Rico filed for bankruptcy.  At $73BN this municipal bankruptcy is much larger than Detroit’s $18BN was.  On Wednesday, the FED expectedly left rates the same but stated than the recent softness in growth appears temporary leaving the […]

Weekly Market Commentary – Southwest Michigan

01 May

Stocks gained again this week.  Beginning on Monday, European stocks soared in relief that in France a centrist candidate will be heading to the election runoff and is expected to get about 65% of the vote.  Strong 1st quarter earnings growth contributed to the rally as did the proposed tax changes.  Generally good economic data […]

Weekly Market Commentary – Southwest Michigan

24 Apr

U.S. Stocks gained this week after declining the previous two weeks based on corporate earnings and administration comments about tax cuts.  Foreign stocks had smaller gains after a mid-week dip due to concerns about the French elections.  Existing home sales rose to their highest level since February 2007.  Treasury yields rose slightly for the week.  […]

Weekly Market Commentary

17 Apr

U.S. stocks dropped significantly in this holiday shortened week.  Geopolitical concerns played a significant role on Thursday, especially over expectations of a North Korea missile or nuclear test on Saturday during the founder’s birthday celebration.  Yet, as of this writing on late Saturday night in North Korea, neither a missile test nor a nuclear test […]

Weekly Market Commentary – Southwest Michigan

10 Apr

U.S. and global stocks declined this week.  U.S. Treasury yields declined (and prices rose) modestly due to the weaker jobs number released Friday.  Commodities rose, especially energy and metals.  The dollar rose also. A sharp rally on Wednesday reversed after the Fed minutes showed they may start unwinding their balance sheet late this year.  The […]

Weekly Market Commentary – Southwest Michigan

27 Mar

U.S. stocks ended lower this week with the first 1% drop in over 100 days on Tuesday.  The declines were mainly due to fading optimism over the new presidency as the repeal and replacement of the ACA failed due to divisions with the Republican House.  While the healthcare replacement wasn’t crucial to fiscal stimulus but […]

Weekly Market Commentary – Southwest Michigan

20 Mar

U.S. Stocks ended the week with modest gains.  The FED raised short term interest rates .25% and signaled that it would likely have two more rate increases this year.  The markets responded positively that the FED comments were not a hawkish as expected.   Despite the FED raising short term rates, the 10-year treasury yield ended […]