Weekly Market Recap | January 30, 2023

Week in Review Equity Markets: The markets rebounded from their first weekly decline of the new year. Growth outpaced the broader markets with the NASDAQ ending the week up 4.3% while the S&P 500 finished in the green by 2.5%. The S&P is up 6% so far in 2023, rallying with the broader markets. We are roughly 15% below the…

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Weekly Market Recap | January 23, 2023

Week in Review Equity Markets: The S&P 500 ended the week down slightly, 0.7%. This snapped a three-week winning streak to start the new year. In a shift from the recent style trend, growth outperformed value. The NASDAQ finished the week up 0.6% and the Dow finished down 2.7%. Weakening economic numbers, subpar earnings releases, and the political landscape with…

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Weekly Market Recap | January 17, 2023

Week in Review Equity Markets: All major indices finished positive for the week. The S&P 500 continued its reversal following three negative weeks to close out 2022. The index was up 2.7% for the week. The market sits ~17% below the previous high that occurred over a year ago. Earnings season picked up steam last week with some of the…

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Weekly Market Recap | January 9, 2023

Week in Review Equity Markets: The S&P 500 ended a skid that lasted three weeks, closing the week up 1.4%. The index flipped positive after the strong rally Friday, fueled by optimism of slowing inflation. The index spiked 2.3% on Friday after the labor market report was released prior to the market open. This week earnings season will jump into…

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Quarterly Insights | January 2023

Surging Inflation and Interest Rates Pressured Both Stocks and Bonds in 2022 Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December. The S&P 500 finished…

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Weekly Market Recap | January 3, 2023

Week in Review Equity Markets: The final trading day for 2022 is in and the S&P 500 had a price return of -19.4%. After posting two monthly gains in a row, major indices ended the final month on a weaker note. The style shift that dominated the year held true in December with the Dow ending down 4% while the…

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Weekly Market Recap | December 27, 2022

Week in Review Equity Markets: The equity market saw mixed results last week. Value names led the way upward while growth companies lagged. The S&P 500 ended the week down 0.2%. The S&P 500 sits ~20% below its all-time high, which is nearly a full year ago. If there is not a strong rally in the upcoming week, this will…

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Weekly Market Recap | December 19, 2022

Week in Review Equity Markets: The S&P 500 ended the week down 2% after a strong start. The market rallied on the softer-than-expected CPI report Tuesday and hoped this would lead the Fed to make a dovish pivot. The optimism was squashed following the press conference with Fed Chairman Jerome Powell. The hopes of a less aggressive rate policy shifted…

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Weekly Market Recap | December 12, 2022

Week in Review Equity Markets: The S&P 500 snapped a two-week winning streak last week, ending the week down 3.4%. The majority of the loss occurred on Friday. The drawdown was a reaction to mixed inflation data and concerns that it could impact monetary policy. The market rallied nearly 12% off the October lows and gained steam in recent weeks…

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Roth Conversions in a Bear Market | December 9, 2022

Roth Conversions in a Bear Market 2022 has been a difficult year for investors, but the market decline can present the potential to capitalize on a long-term tax savings plan by converting traditional IRA funds to a Roth IRA. What Is a Roth IRA? Roth IRAs are individual retirement accounts that are set up with contributions from assets on which…

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