Weekly Market Commentary, June 28, 2016

June 28, 2016  | By Robare & Jones

The Markets Last Thursday, almost three-fourths of voters in Britain – about 30 million people, according to the BBC – cast ballots to determine whether the United Kingdom would remain in the EU. By a slim margin, the British people opted out. Early Friday, Reuters reported on the immediate and potential repercussions of the decision: “Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War II … Read More

Weekly Market Commentary, June 21, 2016

June 21, 2016  | By Robare & Jones

The Markets Investors broadly stepped out of risk assets after a rocky week where almost all regions were down. Europe was off for the week as the markets move into the last few days before the Brexit vote. Japanese equities, as measured by the Nikkei 225 Average, were down a staggering 6 percent following the Bank of Japan’s decision to wait for additional monetary action until after Britain’s referendum. Domestically, all our major indices ended last week in negative territory … Read More

Weekly Market Commentary, June 14, 2016

June 14, 2016  | By Robare & Jones

  The Markets Domestic markets­­­ were generally negative last week. The Dow Jones Industrial Average was up just 0.33 percent while the S&P 500 and the NASDAQ Composite were both down 0.15 percent and 0.95 percent, respectively. European stocks were down with the MSCI Europe Index falling 2.65 percent and investors remain jumpy ahead of the upcoming Brexit vote. Asian equities didn’t fare much better with China’s Shanghai Composite off 0.39 percent and Japan’s Nikkei 225 Average down 0.25 percent. … Read More

Weekly Market Commentary, June 7, 2016

June 7, 2016  | By Robare & Jones

The Markets Domestic markets ended last week with a whimper following renewed concerns over the trajectory of the U.S. economy. The S&P 500 was flat for the week while the Dow Jones Industrial Average dropped 0.37 percent. The tech-heavy NASDAQ Composite ended the week up 0.18 percent. Internationally, Europe broadly traded down last week and Japan’s Nikkei 225 Average was off more than 1.1 percent.     Jobs Report The S&P 500 was approaching a seven-month high as investors heavily … Read More

Weekly Market Commentary, June 1, 2016

June 1, 2016  | By Robare & Jones

The Markets The domestic and international markets were broadly up, primarily driven by the boost in oil prices late last week. The S&P 500 and Dow Jones Industrial Average posted a 2.28 percent and 2.13 percent return, respectively, while the tech-heavy NASDAQ Composite bested both, returning 3.44 percent to investors. China’s Shanghai Composite was down slightly, off 0.16 percent, while Europe remains wary as investors count the days to Britain’s referendum on whether to stay in the European Union.   … Read More