Stocks Post Strong Weekly Gains – Monday Morning Market Memo – February 10, 2020

Stocks Post Strong Weekly Gains – Monday Morning Market Memo – February 10, 2020

Good morning, The stock market fell last Friday, snapping a 4-day win streak, with the Dow Jones Industrial Average dropping over 270 points on worries over the coronavirus and its impact on the Chinese and global economy. On Friday China confirmed over 31,000 cases and over 630 deaths – which is impacting travel, shopping, and consumption. Still, the major stock …

Market Update – Monday Morning Market Memo – February 3, 2020

Market Update – Monday Morning Market Memo – February 3, 2020

Good morning, The major stock market averages moved sharply lower last Friday, with the Dow Jones Industrial Average falling over 600 points as worries grew over the health and economic impact of the coronavirus. Several cases of the virus have been confirmed here in the US and reports indicate over 17,000 cases worldwide. The spread of the virus (mostly China …

Stocks Extend Winning Streak – Monday Morning Market Memo – December 30, 2019

Good morning, The stock market kept its winning streak going last week. The Dow Jones Industrial Average rose .67%, the NASDAQ Composite added .91%, and the Standard & Poor’s 500 Index gained .58%, its fifth consecutive weekly gain. The indices all hit record highs last week, with the S&P closing at all-time high of 3,240. The major stock market averages …

“Phase One” Trade Deal – Monday Morning Market Memo – December 16, 2019

“Phase One” Trade Deal – Monday Morning Market Memo – December 16, 2019

Good morning, The U.S. and China announced last week they agreed to “phase one” of a trade deal. The market did not mind much that specifics were notably lacking, the deal is not signed yet, and the “feel” of the agreement was underwhelming. What mattered most to the stock market was that the additional tariffs set to take effect yesterday …

Good News is Good News! – Monday Morning Market Memo – December 9, 2019

Good News is Good News! – Monday Morning Market Memo – December 9, 2019

Good morning, Stocks began trading last week in a notable downtrend. Items accounting for the weakness included comments by President Trump that it might be “better to wait until after the election” for a China trade deal, proposed tariffs of up to 100% on $2.4 billion on various French imports, and some weaker-than-expected economic data. The November ISM Manufacturing Index …

Data Deluge into December – Monday Morning Market Memo – December 2, 2019

Data Deluge into December – Monday Morning Market Memo – December 2, 2019

Good morning, The major stock market averages posted solid gains last month. November saw the Dow Jones Industrial Average and NASDAQ Composite rise 3.7% and 4.5% respectively, while the benchmark Standard & Poor’s 500 Index gained 3.4%. Equities benefited from things such as optimism around trade negotiations between the U.S. and China, an accommodative Federal Reserve, and earnings reports that …