Mid-Week Market Minute 09.22.21
Major averages are firmly in negative territory for the month of September following Monday’s sharp sell-off. The S&P 500 index fell 1.7%, its largest daily loss since May of this year. The sell-off was partly due to market fears over the China property developer Evergrande, one of China’s largest real estate developers with a debt […]
Mid-Week Market Minute 09.15.21
Stocks in the U.S. traded lower this week as several lingering headwinds continued to weigh on investors. Despite lower-than-expected inflation data, the S&P 500 was down about 0.50% mid-week, while the Russell 2000 (small cap index) was lower by about 1%. Consumer Price Index (CPI) data came in lighter than expected, with inflation rising 0.3% […]
Market Recap – Week Ending 09.10.21
Overview: Stock markets dropped last week as fears of slowing global economic growth and the ongoing Delta variant dragged down market returns. In the U.S., the S&P 500 index fell 1.7%. COVID-19 worries, along with the increased likelihood that bond asset tapering may begin this year contributed to negative stock returns across the globe, with […]
Mid-Week Market Minute 09.08.21
Stocks in the U.S. trended lower this week coming off the long Labor Day weekend as investors remain concerned about the Delta variant and its potential impact on economic growth. Meanwhile, some Wall Street banks have turned bearish on stocks in the short-term, with Morgan Stanley cutting U.S. stocks to underweight and global equities to […]
Market Recap – Week Ending 09.03.21
Overview: Stocks around the world finished higher last week, led by emerging markets (MSCI EM) up 3.4%. In the U.S., the S&P 500 index reached a new high, ending the week 0.6% higher. The S&P index was up almost 3% in total return in August, recording the seventh consecutive positive return month for this indicator. […]