Weekly Market Commentary, August 30, 2016

August 30, 2016  | By Robare & Jones

The Markets U.S. interest rates may be moving up and it might happen this year. During last Friday’s speech at the Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, Fed Chairwoman Janet Yellen signaled that a rate hike is probably coming but, as usual, she didn’t offer any specifics about the timing: “…Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase … Read More

Weekly Market Commentary, August 23, 2016

August 23, 2016  | By Robare & Jones

The Markets U.S. markets snapped a multi-week positive streak with the Dow Jones Industrial Average and S&P 500 down 0.13 percent and 0.01 percent, respectively. The tech-heavy NASDAQ Composite outperformed both to hold on to positive territory, posting a 0.10 percent return for the week. International markets were down slightly, largely driven by a pull-back in European equities. The MSCI Europe Index was down 0.42 percent while Chinese equities, however, were the lone bright spot with a weekly return of … Read More

Weekly Market Commentary, August 16, 2016

August 16, 2016  | By Robare & Jones

The Markets The U.S. markets extended their gains as the Dow Jones Industrial Average, NASDAQ Composite, and the S&P 500 closed the week up slightly, setting new record highs in the process. International markets bounced back, posting some strong returns for the week after a lackluster start to August. Japan’s Nikkei 225 Average and China’s Shanghai Composite were up 5.09 percent and 2.49 percent, respectively, while the broad MSCI Europe Index was up 2.35 percent for the week. Our commentary … Read More

Weekly Market Commentary, August 9, 2016

August 9, 2016  | By Robare & Jones

The Markets Global markets ended the week higher with the S&P 500 and the NASDAQ Composite stealing the headlines as they closed at all-time highs following stronger job creation in July. The Dow Jones Industrial Average and the S&P 500 were up 0.6 percent and 0.43 percent, respectively, while the NASDAQ Composite outperformed both to notch a 1.14 percent gain last week. International markets were down slightly with Japan’s Nikkei 225 Average, China’s Shanghai Composite, and the broad MSCI Europe … Read More

Weekly Market Commentary, August 2, 2016

August 2, 2016  | By Robare & Jones

The Markets Last week was full of economic releases, corporate earnings, and the Federal Reserve standing pat on a July rate increase. Global markets ended the week conflicted with the S&P 500 and Dow Jones Industrial Average both down 0.07 percent and 0.75 percent, respectively, while the NASDAQ Composite ended up 1.22 percent for the week. Internationally, European equities, as measured by the MSCI Europe Index, were up nearly 2.2 percent. Asian markets succumbed to selling pressure with both Japan’s … Read More