Technology weighed on the major indices this week with the Nasdaq falling more than 1% and the S&P 500 falling 0.5%. Small and mid-caps were able to remain positive into the close, with the mid-cap 400 up 0.9% and the small-cap 600 up 1.1%.   Yields were up this week with…

Investors appear to have brighter expectations going into the third quarter, with the S&P 500 having its best week in three months. The market rose four of the five days, and every sector in the S&P 500 ended the week in positive territory. The materials (+5.1%), energy (+5.0%), information technology (+4.6%),…

The Dow and S&P 500 snapped a four-week losing streak and along with the Nasdaq, each gained over 1.5%.  Small caps significantly outperformed with the S&P600 gaining 5%. Value beat growth by 80 bps this week but the delta between the two YTD is over 34%. COVID cases are on…

Small and mid-caps outperformed along with energy, industrials, materials and healthcare. Mega-cap tech showed weakness most of the week as Apple gave back all of its August and September gains pressuring most all of the big tech names. Valuation concerns are starting to be more pronounced. It’s possible the spectacular…

The S&P500 closed at new all-time highs every day last week. This 5 for 5 pushed the S&P above 3500 for the first time ever. The Dow will look slightly different this week as Salesforce, Amgen, and Honeywell will replace Exxon Mobil, Pfizer, and Raytheon Technologies prior to today’s market open….

After 128 trading days, we have officially ended the drawdown by closing at new all-time highs on Friday. The gain this week made it four in a row, the longest stretch this year for the SP500. We also returned to the new normal this week, as growth trounced value by…

Almost universally positive performance in the equity markets this week. Large, mid, small, growth, value, all major sectors, and most of the international markets ended up this week. Domestic did beat international, small beat large (for a change) with Industrials outperforming all other sectors. Gold closed above 2000 for the…

Mega Cap Tech won the week again as the Nasdaq rose 3.7%, the S&P 500 gained 1.7%, the Dow lost 0.2%, and the Russell 2000 fell 0.9%. Apple, Amazon, Alphabet, and Facebook all reported earnings beats on Thursday sending shares higher Friday. Technology jumped 5.0%, real estate gained 4.1%, and…

First quarter GDP was down 5.0% –  April and May was the heart of the lockdown so we would expect the 2nd quarter to be significant (4th Q 2019 GDP increased 2.1 percent.)  The first estimate of 2nd quarter GDP comes out July 30th. The Atlanta Feds’ GDPNow model is forecasting a 35%…

A big uptick in COVID-19 cases was too much for the buyers to handle this week. States that had been less affected are now having there highest daily new cases. This graph shows daily cases of COVID-19 in the U.S. You can see this data @ John Hopkins Virus Tracker In…