Market Commentary

Daily reports from our Chief Economic Strategist.

Capitol Securities COVID-19 Response
Our number one priority is the safety and health of our clients and our associates. Capitol Securities has taken steps to ensure that we can continue supporting our clients and protect our communities to the best of our ability. Contingency Planning We have enacted some...
ECONOMIC CALENDAR AND EARNINGS OF SEVERAL MEGA SIZED TECHNOLGIES
Volatility is rising. The NASDAQ fell 7.5% for the week, the largest weekly decline since March 2020. The NASDAQ is also on tract for
ANOTHER SLOPPY DAY
How will the markets respond to the proverbial one-two punch of interest rate hikes and balance sheet reduction? The effects on the
AN UGLY DAY, THE RESULT OF RISING INTEREST RATES
Led by technology, stocks fell across the board as Treasury yields surged amid a ramp up in speculation that
A VOLATILE DAY AND WEEK
Volatility gripped the financial markets as prominent voices called for higher interest rates to combat the
CPI MET EXPECTATIONS…HIGHEST INFLATION SINCE JUNE 1982
The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982. The widely followed inflation gauge rose
CPI AT 8:30
Equities, led by the technologies and energy climbed after FRB Chair Powell reassured all that the
ANOTHER MISS IN THE JOBS DATA
December’s job’s data was another shocker. Nonfarm and private sector job creation was 50% lower than the
THE HEADWINDS OF THE LAST THREE DAYS DISAPPEARED
Markets had a broad base rally with technology outpacing other sectors. The headwinds of the last three days appeared to have
S & P 500 HAS ITS LARGEST THREE DAY SELL OFF SINCE MAY
The S & P 500 has had it largest three day sell off since May. By casual observation, the headwinds facing the markets are
A VOLATILE DAY
Several bulge bracket firms including JP Morgan, Goldman and Bank of America are nervous about what happens if the trade in the
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