Still Reserved

November 3, 2025

  The Federal Reserve lowered interest rates, the U.S. and China made progress on trade and tariffs, and earnings were generally upbeat from several technology companies. This all led to higher equity markets. For the week, the S&P 500 Index was +0.7%, the Dow Jones Industrials +0.8, and the NASDAQ +2.0%. The Technology, Consumer Discretionary, …

Restless Calm

October 20, 2025

  A continued U.S. government shutdown kept investors in the dark on economic data last week and potential weakness in some areas of the credit market raised the concern over potential contagion. Still, for the week, the S&P 500 Index was +1.7%, the Dow Jones Industrials +1.6%, and the NASDAQ +2.5%. The Communication Services, Real …

Flare Up

October 13, 2025

  A flare up in U.S. – China trade led to a sharp decline into Friday’s close. For the week, the S&P 500 Index was -2.4%, the Dow Jones Industrials -2.7%, and the NASDAQ -2.3%. The Utility, Consumer Staples, and Health Care sectors led the S&P 500 Index for the week, while the Energy, Consumer …

Shutdown Drama

September 29, 2025

  Stocks took a break from the recent rally. For the week, the S&P 500 Index was -0.3%, the Dow Jones Industrials -0.1%, and the NASDAQ -0.5%. The Energy, Utility, and Real Estate sectors led the S&P 500 Index for the week, while the Communication Services, Materials, and Consumer Discretionary sectors lagged. The 10-year U.S. …

Easing Into It

September 22, 2025

  The Federal Reserved lowered short-term interest rates by 0.25% and equity markets responded with gains. For the week, the S&P 500 Index was +1.2%, the Dow Jones Industrials +1.1%, and the NASDAQ +2.2%. The Communication Services, Technology, and Consumer Discretionary sectors led the S&P 500 Index for the week, while the Consumer Staples, Real …

Here Comes the Fed

September 15, 2025

  Markets were buoyed last week by economic data that could favor a reduction in interest rates at the upcoming Federal Reserve meeting. For the week, the S&P 500 Index was +1.6%, the Dow Jones Industrials +1.0%, and the NASDAQ +1.9%. The Technology, Utility, and Energy sectors led the S&P 500 Index for the week, …

The Iced Tea Leaves

August 11, 2025

  The market bounced back last week on generally upbeat earnings reports across several sectors. For the week, the S&P 500 Index was +2.4%, the Dow Jones Industrials +1.4%, and the NASDAQ +3.7%. The Technology, Consumer Discretionary, and Communication Services sectors led the S&P 500 Index for the week, while the Energy, Health Care, and …

Grinding

August 4, 2025

  The enactment of tariffs on countries that have not yet reached a trade deal and a weaker employment report for July sent stocks lower. For the week, the S&P 500 Index was -2.3%, the Dow Jones Industrials -2.9%, and the NASDAQ -2.2%. The Utility, Communication Services, and Consumer Staples sectors led the S&P 500 …

Earnings Focus

July 21, 2025

  Stocks remained near all-time highs during the first week of the quarterly earnings reporting period. For the week, the S&P 500 Index was +0.6%, the Dow Jones Industrials -0.1%, and the NASDAQ +1.3%. The Technology, Utility, and Industrial sectors led the S&P 500 Index for the week, while the Energy, Health Care, and Materials …

The Tariff is in the Mail

July 14, 2025

  A resurgence of tariff announcements put a pause in the recent rally. For the week, the S&P 500 Index was -0.3%, the Dow Jones Industrials -1.0%, and the NASDAQ -0.4%. The Materials, Financials, and Technology sectors led the S&P 500 Index for the week, while the Communication Services, Utilities, and Consumer Discretionary sectors lagged. …