Daily Insights
US markets open modestly mixed. US equities opened mixed this morning following Thursday’s afternoon rally. Investors bought equities Thursday on COVID-19 vaccine progress and an eventual economic turnaround, in spite of higher COVID-19 numbers and continued Washington gridlock on a stimulus plan. Continue reading
Economic Blog
Real-time European COVID-19 and economic data provides an insight into how the pandemic is affecting economies around the world. We’re monitoring real-time data because traditional economic data is too slow to pick up the changes that are occurring. Continue reading
Daily Insights
Virus concerns mount. Stocks opened slightly lower this morning as COVID-19 spread has increased concerns that the economic recovery may be knocked off track by additional restrictions and changing consumer behavior. Continue reading
Market Blog
First, the big economic data point this week was retail sales. Although the headline number was a little light at 0.3% versus an expected 0.5% gain month-over-month, it still hit another new all-time high along the way (source: US Census Bureau). “The miss could be a sign the consumer is finally starting to slow amid record COVID-19 cases and more restrictions, with restaurant sales dipping for the first time since April,” explained LPL Financial Chief Market Strategist Ryan Detrick. Continue reading
Daily Insights
US Markets open higher. Investors are taking advantage of marked-down equity names, reversing course from Tuesday. On Tuesday market participants were focused on COVID-19 case spikes and potential effects on the economic recovery. Gridlock on fiscal stimulus added to worries. Continue reading
Daily Insights
S&P 500 Index opens lower following Monday rally
Vaccine-driven gains may be increasingly priced in as the US rally fizzled in international markets overnight and US markets are giving back some of Monday’s gains in early Tuesday trading. Continue reading
Market Blog
Fixed income investors aren’t used to having to deal with the volatility of stocks, but in the year that is 2020, that is exactly what has happened thus far. Unfortunately, while we don’t see the volatility of Q1 2020 continuing in 2021, we do believe that interest rates may continue to rise in 2021, and this may put more near-term pressure on bond returns. Continue reading
Daily Insights
Stocks open higher
S&P 500 Index opened about 0.7% higher at a fresh all-time high while the Nasdaq saw a more modest gain. Continue reading
Market Blog
It took more than two years, but small caps finally broke out to new highs, as the Russell 2000 Index on Friday closed at its first new high since August 31, 2018. Continue reading
Market Blog
Index performance Continue reading