Read through the Weekly Market Commentary category's journal entries.

Retest

We view last week’s market decline as a retest of the October–November lows. The S&P 500 Index fell 4.6% last week, leaving the index in line with the low of the autumn correction and 10% off the September highs [Figure 1]. Losses were driven...

Strong Week Ahead of Big Weekend

It was a great week for the stock market. The S&P 500 Index rallied 4.9% last week, leaving the index less than 6% from its record high, on September 20, 2018 (excluding today’s gains) [Figure 1]. Gains were driven by increasing optimism (now...

The Bright Side

—“It is always darkest just before the day dawneth.”— Thomas Fuller | English theologian and historian The quote above is better known today as “It is always the darkest just before dawn.” Well, October was one of the worst months we’ve...

Another Tough Week

It was another tough week for stocks. The S&P 500 Index was down just shy of 4% last week, briefly dipping intraday into correction territory (more than 10% off the all-time high) and putting October on track to be the weakest month for stocks...

Earnings Update: So Far So Good

Earnings season off to a good start. Third quarter earnings season is rolling and, so far, results have been quite good overall, supported by strong U.S. economic growth, robust U.S. manufacturing activity, tax cuts, and big increases in energy and...

Perspective on Market Volatility

After several months of historic calm, stocks sold off sharply last week. Rising interest rates and trade war fears were cited as the primary causes of the sell-off that caused the Dow Jones Industrial Average to drop more than 1300 points on...