Weekly Market Recap | November 13, 2023

Week in Review Equity Markets The S&P 500 continued its rally from the prior week and finished in the green, up 1.4% for the week. The NASDAQ led the way finishing up 2.4%. The Russell 1000 Growth Index rose 3.02% last week, widening its year-to-date spread relative to its value counterpart to 31.68%1. The Russell 1000 Growth is up 32.46%…

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Weekly Market Recap | November 7, 2023

Week in Review Equity Markets: October marked the third consecutive month of declines, but strong economic data, slowing labor market numbers, and the pause by the Fed fueled a strong rally to start the month of November. The S&P 500 moved out of correction territory and ended the week up 5.9%. All major markets were in the green, but the…

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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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