Weekly Market Recap | October 30, 2023

Week in Review Equity Markets: The markets experienced significant drawdowns last week. The S&P 500 fell 2.5% and closed in correction territory. Down 10.6% from the recent July high of 4,607. The NASDAQ fell 2.6% and the Dow was down 2.1% for the week. Large Cap Value is negative on the year by 3.66%, significantly behind Large Cap Growth’s year-to-date…

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Weekly Market Recap | October 23, 2023

Week in Review Equity Markets: Following a string of two weekly gains, the S&P 500 fell 2.38% last week. The NASDAQ fell 3.16% as yields jumped; the Dow was down 1.57% as investors abandoned high-growth sectors and flocked to value-oriented ones. Large-Cap Growth was 2.9% for the week while Large-Cap Value finished the week down 1.8%1. The earnings landscape has…

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Weekly Market Recap | October 16, 2023

Week in Review Equity Markets: The markets finished the week mixed with the S&P 500 and Dow Jones up slightly while the NASDAQ finished slightly in the red. The large disparity in year-to-date returns amongst various equity styles, market capitalizations, and geography are eye-opening. Much of the year-to-date rally has been due to only a handful of the largest companies…

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Weekly Market Recap | October 9, 2023

Week in Review Equity Markets: The S&P 500 snapped a four-week skid and finished in the green by 0.5% following a strong rally on Friday to close out the week. The markets saw volatility throughout the week as investors digested multiple employment reports and economic health data. Despite the jump in yields, the tech-heavy Large Cap Growth style outperformed last…

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Quarterly Market Newsletter | October 2023

Q3 2023 Review The weakness we anticipated coming into the quarter arrived and the S&P 500 ended down 3.3%. A strong rally in July saw the S&P 500 hit 4,607 intraday, which marks the highest level of the index going back to April of 2022. The rally stalled in the months of August and September as seasonal headwinds, higher rates,…

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Weekly Market Recap | September 25, 2023

Week in Review Equity Markets: A spike in yields led to a down week for the markets. The S&P 500 finished the week down 2.9% and the NASDAQ finished the week down 3.6%. The market selloff was broad but investors favored Large Cap Value over its growth counterpart. Large-Cap Value finished the week -2.6% while Large-Cap Growth was down 3.4%1….

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Weekly Market Recap | September 18, 2023

Week in Review Equity Markets: The markets were relatively flat last week. The S&P 500 ended the week down 0.1%. A reversal of the year-to-date style trend occurred last week. Large-Cap Value finished the week up 0.5% as investors moved to more defensive sectors, and Large-Cap Growth sold off 0.7%1. Concerns about the inflation outlook increased as energy prices have…

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Weekly Market Recap | September 11, 2023

Week in Review Equity Markets: The S&P 500 fell 1.26% for the week. Fears of continued inflationary pressures have investors concerned about the future of interest rates. Contributing factors include the strong Service PMI report, which included a surprising increase in prices paid, and the 30% run in oil since June. Large-cap growth continued its outperformance last week by ending…

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Weekly Market Recap | September 5, 2023

Week in Review Equity Markets: A late monthly rally was not enough to push the S&P 500 positive for the month of August. The S&P ended the month down 1.8%, snapping a 5-month string of positive results. The energy sector was the only one to finish the month positive, despite a 47% decline in year-over-year earnings growth1. Last week saw…

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Weekly Market Recap | August 28, 2023

Week in Review Equity Markets: The markets ended the week strong on Friday following the comments from the Jackson Hole Summit. The S&P 500 ended the week up 0.8%. The NASDAQ surged 2.3%, fueled by robust earnings reports from companies in the technology sector. The growth-to-value performance spread widened last week. Large-cap growth is up 27.8% year-to-date while Large-Cap Value…

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