Market Commentary

Daily reports from our Chief Economic Strategist.

MIXED DATA ACCOMPANIES A MIXED TRADING DAY
Equities were mixed with tech shares outperforming the broader market as all weighed the impact of tougher virus restriction on economic growth along with the outlook for
REFLECTIONS OF THE CURRENT ENVIRONMENT
Equities slumped as fresh restrictions to curtail the spread of COVID overshadowed signs that scientists are making fast progress towards a vaccine. The dollar sank to a two-year low, a decline that
A RELATIVELY QUIET DAY
Markets were relatively quiet with attention focused upon increased lockdown measures, overshadowing vaccine optimism.
QUANTIFYING THE VELOCITY OF CHANGE
Bloomberg quantified the velocity of change that occurred last Monday and Tuesday in the rotation from growth to value. Bloomberg stated “the quant shock that never could
WAS YESTERDAY’S DECLINE COVID INDUCED?
Equities slumped on the resurgence of coronavirus cases and an increase in hospitalizations. Fears are rising of another lockdown, fears fanned by statements by an advisor to President-elect who
TODAY IS VETERANS DAY
Today is perhaps one the most significant holidays as it is Veterans Day. We can not offer enough gratitude for those who gave the “ultimate sacrifice” so we can live in this country.
THE INVERSE OF LAST WEEK….
The Dow soared 2.9% and bonds tumbled after a large-scale coronavirus vaccine study delivered promising results. Unlike last week’s advance where the majority of the companies in the S & P 500
THE ELECTION AND OCTOBER’S JOBS DATA…TODAY IT IS PERHAPS ALL ABOUT A VACCINE…
What will be the long-term outcome of the election? Many will state this is the first time since 1824 the actual process and the integrity of the ballots and count as being challenged. Passions are
AS EXPECTED THE FED MEETING WAS A NON-EVENT
The FOMC meeting was largely a nonevent. There was no change in interest rates and made no change to asset purchases. The Committee essentially reiterated the prior meeting statement of
EQUITIES SURGED ON AN APPARENT BIDEN VICTORY
Equities surged on an apparent Biden victory and a divided government that lowers the probability of a radical re write of the Constitution and the repeal of some of President Trump’s pro-business

balanced-tagline