Weekly Market Commentary

Weekly Market Commentary

-Darren Leavitt, CFA The holiday-shortened week on Wall Street was volatile. The last of first-quarter earnings continued to influence the markets. Earning results from the retailers were mixed as BestBuy, Footlocker, Nordstrom’s, and Costco's shares increased on...

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Weekly Market Commentary

Weekly Market Commentary - 5/24/2024 -Darren Leavitt, CFA Financial markets ended the week with mixed results. All eyes this week were on AI darling NVidia, which posted better-than-expected Q1 results and provided guidance above the consensus estimates. The company...

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Weekly Market Commentary

Weekly Market Commentary - 5/17/2024 -Darren Leavitt, CFA The major US equity indices inked a fourth consecutive week of gains as US Treasury yields fell on an in-line CPI print that showed a deceleration of inflation for the first time in three months. Still, Fed...

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Weekly Market Commentary

Weekly Market Commentary - 5/10/2024 -Darren Leavitt, CFA The S&P 500 notched a third consecutive week of gains as the index broke and held above its 50-day moving average.  Investors were treated to another dose of first-quarter corporate earnings. Disney, Uber,...

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Weekly Market Commentary

Weekly Market Commentary - 4/26/2024 -Darren Leavitt, CFA US equity markets bounced back last week, with nearly 40% of the S&P 500 companies reporting first-quarter results. The rally was propelled by Microsoft and Google, whose better-than-expected earnings not...

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Weekly Market Commentary

-Darren Leavitt, CFA Wall Street took a step back in the first week of the second quarter as robust economic data induced a recalibration of rate cut expectations. The recalibration was further influenced by Minneapolis Fed Governor Neel Kashkari's suggestion that the...

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Weekly Market Commentary

-Darren Leavitt, CFA US equity markets forged another set of new highs in an extremely busy week on Wall Street.  Global Central Banks took center stage, headlined by the Bank of Japan, the US Federal Reserve, and the Bank of England.  The BOJ, as expected, moved away...

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Weekly Market Commentary

Weekly Market Commentary - 3/15/2024 -Darren Leavitt, CFA Markets pulled back this week as investors assessed hotter-than-anticipated inflation data. US Treasuries sold off across the curve as the higher-for-longer narrative strengthened ahead of the coming Federal...

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Weekly Market Commentary

Weekly Market Commentary - 3/8/2024 -Darren Leavitt, CFA Financial markets endured a week of consolidation as investors dissected a full economic calendar and awaited more cues from the leaders of the European Central Bank and the Federal Reserve.  ECB President...

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Weekly Market Commentary

-Darren Leavitt, CFA Markets pushed back on an early week sell-off to close at record highs for the S&P 500 and NASDAQ.  A building sense that the market is due for a pullback was met with inline consensus inflation data, continued outperformance in the...

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Weekly Market Commentary

-Darren Leavitt, CFA The S&P 500 and the Dow Industrial Average forged new all-time highs despite investors taking profits early in the holiday-shortened week.  Semiconductor stalwart NVidia’s fourth-quarter earnings results induced a massive rally in the stock...

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Weekly Market Commentary

Weekly Market Commentary - 2/16/2024 -Darren Leavitt, CFA Wall Street took a breather last week as hotter-than-expected inflation data forced investors to recalibrate their expectations for rate cuts from the Federal Reserve.  Mega-cap issues that have been...

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