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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Weekly Market Recap | August 21, 2023

Week in Review Equity Markets: The major markets experienced steep sell-offs last week. The S&P 500 ended the week down 2.6% and the NASDAQ finished the week down 2.6%. The first half of the year was dominated by Large-Cap Growth, specifically the technology sector, but the tide has shifted so far this quarter. The Russell 1000 Growth Index is down…

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Krilogy® Adds Mark Lewis to Serve as the Firm’s Chief Financial Officer

St. Louis, MO — Krilogy®, a wealth management firm with $2.4 billion in assets, has added a new leadership position to the firm, naming Mark Lewis as its first Senior Partner & Chief Financial Officer. “We are grateful to have Mark join our partnership,” said Kent Skornia, Krilogy President and CEO. “His wealth of experience in finance, M&A, and growth-oriented…

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Weekly Market Recap | August 14, 2023

Week in Review Equity Markets: The S&P 500 and NASDAQ sold off for the second consecutive week. The S&P 500 ended down 0.3% and the NASDAQ declined 1.9%. Value was the lone winner for the week, with the Dow ending up 0.7% and the Russell 1000 Value finished up 0.33%. The outperformance closed the value-growth spread, but large-cap growth still…

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Weekly Market Recap | August 7, 2023

Week in Review Equity Markets: The markets sold off this week as the U.S. debt downgrade frightened the markets. The S&P 500 ended down 2.3% despite large earnings beats by some of the index’s largest members. Large Cap Growth continues its dominance for the year, up 29.4%. Large-Cap Value lags by a large margin year-to-date, up by 6.8%1. 84% of…

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Weekly Market Recap | July 31, 2023

Week in Review Equity Markets: Choppiness returned to the markets amidst a busy week of earnings data, economic reports, and the important Federal Open Market Committee (FOMC) policy decision. Despite the mid-week volatility, markets finished higher. The S&P 500 finished the week up 1% bringing its year-to-date return to 20.5%. Last week saw the DJIA snap its multiple-week winning streak….

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Weekly Market Recap | July 24, 2023

Week in Review Equity Markets: The S&P 500 finished the week up 0.7%, behind the DJIA rally of 2.1%. The NASDAQ fell 0.6% as investors pulled away from growth stocks in favor of their value counterparts1. Earnings season picked up last week. So far, 89 S&P 500 companies have reported. 73% have beaten earnings estimates, slightly higher than the long-term…

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Weekly Market Recap | July 17, 2023

Week in Review Equity Markets: The markets reversed the trend from the prior week and had a strong rally, heavily fueled by the better-than-expected inflation reports. The NASDAQ finished the week up 3.3%, extending its YTD gain to 35.5%. The S&P 500 finished the week positive by 2.4% and is up 18.4% YTD. The style trend for the year continues…

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Weekly Market Recap | July 10, 2023

Week in Review Equity Markets: The major market indices slipped last week. The NASDAQ outperformed, ending the week down 0.9% while the S&P saw a 1.2% decline. Concerns around a continued tightening in monetary policy contributed to the decline. The drawdown was broad, with 10 of 11 S&P 500 sectors in the red. The lone gainer for the week was…

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Quarterly Market Newsletter | July 2023

Q2 2023 Review The first half of the year is in the books and the markets have seen a strong move off the lows in October of 2022. The S&P 500 is up 16.9%, but only to be outshined by the NASDAQ which is up 32.3% year to date. There has been a significant concentration in outperformers, however. The Technology…

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