Weekly Market Commentary

Market Commentary for Week Ended 11/22/2019

by David Rasmussen on Nov 22, 2019

Weekly Market Commentary

This week marked the first weekly decline for the S&P 500 in six weeks and it was only down 0.25%.  Continued trade optimism, narrative the Federal Reserve will support any market declines and seasonality has led to low levels of volatility in the past few weeks.  This week was no exception.  The market did sell off almost 1% on Wednesday on news that progress on a phase 1 deal wasn’t

Market Commentary for Week Ended 11/15/2019

by David Rasmussen on Nov 15, 2019

Weekly Market Commentary

Both stocks and bonds were up this week quite comfortably.  Most strikingly, the 30 Year Treasury yield went from 2.42% last Friday to 2.32% early this afternoon, highlighting a readjustment of growth expectations after the weak Chinese economic data reported earlier this week.  Also, Jerome Powell, Chairman of the Federal Reserve, spoke at the economic club in New York.  He highlighted t

Market Commentary for Week Ended 11/1/2019

by David Rasmussen on Nov 1, 2019

Weekly Market Commentary

This week was all about the Federal Reserve’s interest rate announcement and some heavy hitting economic data.  The Federal Open Market Committee (FOMC) decided to lower rates from 1.75% to 1.5%.  This was a widely expected action, and therefore previously priced into the market.  The FOMC also signaled that that it believes 1.5% to be the appropriate rate for the indefinite future and th

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