February 19th marked one year since the pre-pandemic highs on the S&P500. We closed this week at 3906, or 15% higher for the one-year period. Small-Caps and Growth leading since last year’s highs. Weekly unemployment claims continue to be stubbornly high, coming in again above 850k and the four-week moving average…

New Cases Continue to Drop – More All Time Highs COVID data continues to be positive. New cases are down to 90k from 113k last week – hospitalizations are down to 64k from 84k last week. https://covidtracking.com/data/charts/us-all-key-metrics Small Caps and Energy powered ahead this week- SP600 up over 3.5% outperforming…

Positive COVID Data and Better Than Expected Earnings Drive the Market to New All-Time Highs Earnings have been coming in better than expected. According to FactSet, companies are reporting earnings that are 15% above expectations, well above the five-year average of 6.3%. Of the 55 S&P 500 companies that have provided…

All-Time Highs Followed by a Sharp Decline Monday marked the all-time closing high for the S&P 500 (3855) but by Friday, investors didn’t have much to celebrate as the week closed on a decidedly negative tone. There is much to be celebrated as the vaccine rollout is starting to ramp…