Reservations

November 29, 2021

  The equity markets declined during the holiday shortened week. The steep decline came on Friday following concerns that travel restrictions from the latest COVID variant could negatively impact global growth. The S&P 500 Index finished the week -2.2%, the Dow was -2.0% and the NASDAQ was -3.3%. The U.S. 10-year Treasury bond yield decreased …

Checking Sentiment

November 15, 2021

  Following a five-week rally, the S&P 500 Index took a pause last week. The S&P 500 finished the week -0.3%, the Dow was -0.6% and the NASDAQ was -1.0%. The U.S. 10-year Treasury bond yield increased to 1.570% at Friday’s close versus 1.455% the previous week. Current forecast for the S&P 500 Index is …

NovaPoint Supports Veterans Service Organizations

November 11, 2021

  NovaPoint Capital would like to show our respect and appreciation for our nation’s veterans. In their honor, we are making donations to three Veterans Service Organizations: the Children of Fallen Patriots Foundation, the Special Operations Medical Association, and the Special Operators Transition Foundation. Children of Fallen Patriots provides college scholarships and educational counseling to …

Fed Game Plan

November 8, 2021

  Confirmation from the Federal Reserve that the economy has reached a level improvement that allows a reduction in COVID-era policy accommodation rallied the S&P 500 Index to all-time highs last week. The S&P 500 finished the week +2.0%, the Dow was +1.4% and the NASDAQ was +3.2%. The U.S. 10-year Treasury bond yield decreased …

‘Tis the Season

November 1, 2021

  All four weeks in October were positive in the equity markets. This past week, the S&P 500 was +1.3%, the Dow was +0.4% and the NASDAQ was +3.2%. Oil snapped its multi-week rally, finishing down 0.2%. The U.S. 10-year Treasury bond yield decreased to 1.554% at Friday’s close versus 1.653% the previous week. Current …

Stocktober

October 25, 2021

  Corporate earnings led the market again last week. Of the 117 companies in the S&P 500 Index that have reported earnings for the quarter, 83.8% have reported earnings above consensus estimates. The S&P 500 was +1.7%, the Dow was +1.1% and the NASDAQ was +1.4%. Oil continued its multi-week rally, +1.8%. The U.S. 10-year …

Rallying Back

October 18, 2021

  A good set of corporate earnings reports and economic data rallied the equity markets in the second half of the week. The S&P 500 was +1.8%, the Dow was +1.6% and the NASDAQ was +2.2%. Oil continued its multi-week rally, +3.7%. The U.S. 10-year Treasury bond yield decreased to 1.574% at Friday’s close versus …

Good Enough to Taper

October 11, 2021

  The announcement of an agreement to temporarily increase the U.S. debt ceiling helped markets recover toward week’s end, then a lackluster employment report pushed markets down on Friday. The S&P 500 was +0.8%, the Dow was +1.3% and the NASDAQ was +0.2%. Oil was again the winner for the week, closing +4.6%. The U.S. …

Government Wrangling

October 4, 2021

  Anxiety in Washington over the debt ceiling and spending bills sent the equity markets lower last week. The U.S. government looks to avert a shutdown as a continuing resolution was passed to fund the government through December 3rd. Meanwhile the wrangling continues over the debt ceiling, infrastructure, and budget bills. The S&P 500 was …