7/17/2017 Weekly Market Commentary

  It was a good week for a lot of stocks but not bank stocks. The Standard & Poor’s 500 (S&P 500) Index and the Dow Jones Industrial Average (DJIA) both finished at record highs last week.1 Barron’s indicated investors owe Federal Reserve Chair Janet Yellen a debt of gratitude:2 “The main force behind the rally was the dovish performance by Federal Reserve Chair Janet Yellen in Congress on Wednesday and Thursday when she reiterated […]

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5/8/2017 Weekly Market Commentary

  Is it complacency? Exuberance? Uncertainty? Exhaustion? Insight? Intuition? Last week, all three major U.S. stock markets gained value and two reached new record highs. On the face of it, that’s great news for stock investors. However, if you look below the surface, the markets’ upward trend may have you scratching your head.1 Barron’s reported:1 “That the S&P would hit a new high was all the more surprising given the lack of reaction to major […]

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