On Wednesday, April 26th, NovaPoint’s president, Alan Conner, will be speaking at the Markets Group 8th Annual Private Wealth Southeast Forum in Atlanta. Alan will join a panel of fellow fixed income experts to discuss “Investment Opportunities in the Fixed Income Markets”. The Private Wealth Southeast Forum is the leading conference for RIAs, family …
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The first quarter earnings season is underway. Several of the large banks reported at the end of last week. This week we will hear from a larger and more diversified group of companies. This should keep the focus on individual company fundamentals for the next few weeks leading up to the next Federal Open …
April is off to a modest start in the equity markets. The S&P 500 Index ended the holiday shortened week -0.1%, the Dow was +0.7%, and the NASDAQ was -0.9%. The 10-year U.S. Treasury note yield decreased to 3.383% at Friday’s close versus 3.490% the previous week. The March employment report showed 236,000 new …
Earlier last month we mentioned March had come in like a lion. Then came the banking crisis. As the crisis began to resolve, investor confidence returned and March went out like a lion. The S&P 500 Index ended the last week of March +3.5%, the Dow was +3.2%, and the NASDAQ was +3.3%. The …
The equity markets rose last week as some stability returned to the banking system and the Federal Reserve signaled it was nearing the final increases in its monetary policy tightening cycle. The S&P 500 Index ended the week +1.4%, the Dow was +1.2%, and the NASDAQ was +2.0%. The 10-year U.S. Treasury note yield …
The equity markets had a volatile week as risk appetite fluctuated with developments in the banking sector. The S&P 500 Index end the week +1.5%, the Dow was -0.1%, and the NASDAQ was +5.8%. The 10-year U.S. Treasury note yield decreased to 3.423% at Friday’s close versus 3.699% the previous week. The Federal Open …
The equity markets fell sharply at the end of last week prompted by stability concerns in the banking sector after the closure of Silicon Valley Bank. The S&P 500 Index ended the week -4.5%, the Dow was -4.3%, and the NASDAQ was -3.7%. The 10-year U.S. Treasury note yield decreased to 3.695% at Friday’s …
The equity markets have gotten off to a good start for March. Last week, the S&P 500 Index was +2.0%, the Dow was +1.9%, and the NASDAQ was +2.7%. The 10-year U.S. Treasury note yield increased to 3.963% at Friday’s close versus 3.949% the previous week. Comments from Federal Reserve officials that the Federal …
The equity markets have gone cold in February with the S&P 500 Index declining for three consecutive weeks. Last week, the S&P 500 Index was -2.7%, the Dow was -3.0%, and the NASDAQ was -3.1%. The 10-year U.S. Treasury note yield increased to 3.949% at Friday’s close versus 3.828% the previous week. The January …
Higher than expected inflation reports struck a cautionary tone in equities last week. The S&P 500 Index was -0.2%, the Dow was flat, and the NASDAQ was +0.5%. The 10-year U.S. Treasury note yield increased to 3.828% at Friday’s close versus 3.743% the previous week. The January Consumer Price Index (CPI) and Producer Price …
Investors did not show stocks much love last week as the market retreated after a strong start to the year. The S&P 500 Index was -1.1%, the Dow was -0.1%, and the NASDAQ was -2.1%. The 10-year U.S. Treasury note yield increased to 3.743% at Friday’s close versus 3.532% the previous week. Last week …
The Federal Open Market Committee’s (FOMC) decision to slow the pace of rate increases to 0.25% increments gave markets an optimistic boost mid-week, but the gains were tempered on Friday when the January employment report showed a still hot job market. For the week, the S&P 500 Index was +1.6%, the Dow was -0.2%, …
After a dismal 2022, stocks have staged a comeback so far in early 2023. This past week, the S&P 500 Index was +2.5%, the Dow was +1.8%, and the NASDAQ was +4.7%. The 10-year U.S. Treasury note yield increased to 3.518% at Friday’s close versus 3.484% the previous week. The significant event for the …
Equity markets were mixed last week. The S&P 500 was -0.6%, the Dow was -2.7%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield decreased to 3.484% at Friday’s close versus 3.511% the previous week. The December Producer Price Index (PPI) was -0.5% month-to-month and core PPI (which excludes food, energy, and …
Equity markets continued their advance last week. The S&P 500 was +2.7%, the Dow was +2.0%, and the NASDAQ was +4.5%. The 10-year U.S. Treasury note yield decreased to 3.551% at Friday’s close versus 3.571% the previous week. The December Consumer Price Index (CPI) declined 0.1% month-to-month and core CPI, which excludes the Food …
Equity markets kicked off the new year with an advance. The S&P 500 was +1.5%, the Dow was +1.5%, and the NASDAQ was +0.9% as Friday’s release of the December employment report sparked a strong rally to end the week. The 10-year U.S. Treasury note yield decreased to 3.571% at Friday’s close versus 3.831% …
Equity markets ended the week down modestly and the year down substantially. For the week, the S&P 500 was -0.1%, the Dow was -0.2%, and the NASDAQ was -0.4%. The 10-year U.S. Treasury note yield increased to 3.831% at Friday’s close versus 3.747% the previous week. This week’s major economic release is the December …
Equity markets were mixed last week. The S&P 500 was -0.2% for the week, the Dow was +0.9%, and the NASDAQ was -2.3%. The 10-year U.S. Treasury note yield increased to 3.747% at Friday’s close versus 3.482% the previous week. Small but steady improvement continues on the inflation front. The November Personal Consumption Expenditures …
Equity markets took another ride last week. Optimism was high early in the week following a Consumer Price Index (CPI) report that showed slowing inflation, but pessimism returned following the Federal Open Market Committee (FOMC) meeting which indicated the final level on short-term interest rates is projected to be higher than previously expected. The …
FOR IMMEDIATE RELEASE NovaPoint Welcomes Larry Dixon and Marisa Shipman to the Team ATLANTA, GA, December 14, 2022 – The NovaPoint Group announced today that Larry Dixon has joined the firm as a Managing Director of the group’s accounting and tax business, NovaPoint CFO. Larry began his career as a field artillery officer in …
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Equity markets retrenched last week after the November Producer Price Index (PPI) showed inflation to be stickier than anticipated. The S&P 500 was -3.3% for the week, the Dow was -2.7%, and the NASDAQ was -3.6%. The 10-year U.S. Treasury note yield increased to 3.567% at Friday’s close versus 3.503% the previous week. The …
Equity markets gained last week after supportive comments from Federal Reserve Chairman Jerome Powell that the Fed could start slowing the pace of interest rate increases. The S&P 500 was +1.2% for the week, the Dow was +0.4%, and the NASDAQ was +2.1%. The 10-year U.S. Treasury note yield decreased to 3.503% at Friday’s …
On Wednesday, December 7th, NovaPoint’s chief investment officer, Joseph Sroka, will be speaking at Portfolio Summits’ Florida RIA Summit in Tampa. Joe will join a panel of fellow investment professionals to discuss “Market Outlooks and Opportunities”. The third annual Florida RIA Summit is a one day meeting of 100+ registered investment advisors based throughout …
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With 24 stock market trading days left for the year, we are in the homestretch for what has been a dismal 2022. This past week, equity markets gained during the Thanksgiving holiday shortened week. The S&P 500 was +1.6%, the Dow was +1.8%, and the NASDAQ was +0.7%. The 10-year U.S. Treasury note yield …
Equity markets consolidated last week after a large advance the week prior. The S&P 500 was -0.6%, the Dow was +0.1%, and the NASDAQ was -1.1%. The 10-year U.S. Treasury note yield decreased to 3.818% at Friday’s close versus 3.893% the previous week. Following on the heels of the October Consumer Price Index (CPI) …
Better than expected Consumer Price Index data let pent up animal spirits run wild last Thursday and Friday. Stocks advanced sharply for the week with the S&P 500 +5.9%, the Dow was +4.2%, and the NASDAQ was +8.9%. The 10-year U.S. Treasury note yield decreased to 3.893% at Thursday’s close versus 4.158% the previous …
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: Children of Fallen Patriots Foundation, Special Operations Medical Association, and Wreaths Across America. Children of Fallen Patriots provides college scholarships and educational counseling to military children who have …
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Stocks declined last week as the Federal Reserve did not indicate it was ready to cease its interest rate increase cycle. For the week, the S&P 500 was -3.3%, the Dow was -1.4%, and the NASDAQ was -5.9%. The 10-year U.S. Treasury note yield increased to 4.158% at Friday’s close versus 4.010% the previous …
Stocks have tried to come back from the dead, rallying for a second consecutive week and are on track to turn in a strong month for October. For the week, the S&P 500 was +4.0%, the Dow was +5.7%, and the NASDAQ was +2.1%. The 10-year U.S. Treasury note yield decreased to 4.010% at …
Stocks rallied on a combination of good earnings results and hope that the Fed would soon slow the pace of interest rate increases. The S&P 500 was +4.8%, the Dow was +4.9%, and the NASDAQ was +5.8%. The 10-year U.S. Treasury note yield increased to 4.212% at Friday’s close versus 4.006% the previous week. …
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