Weekly Commentary

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Monday, June 5, 2017

Disappointing job growth in May, though bond-friendly, is not likely to deter the Federal Reserve from a June rate hike or from its view that the 1Q17 slowdown was transitory. Globally, stock markets gave ground until Wednesday, then rallied to close the week on an upbeat note. Oil prices slid, giving back much of last week’s gains; gold was up modestly. The yield on the 10-year U.S. Treasury note fell to about 2.15% on soft hiring news.

Tuesday, May 30, 2017

Despite lighter trading ahead of the holiday weekend, U.S. stocks posted healthy gains as a strong earnings season wound down. The 10-year U.S. Treasury yield rose slightly on the week.

Monday, May 22, 2017

U.S. equities demonstrated resilience bouncing back at the end of another period flooded with political headlines. Oil rallied as investors await the upcoming Organization of Petroleum Exporting Countries (OPEC) meeting.

Monday, May 15, 2017

Political news and Fedspeak populated headlines during a fairly uneventful week of trading. U.S. equities along with gold experienced a flat week as oil bumped up. The 10-year U.S. Treasury yield closed at approximately 2.33%.

Monday, May 8, 2017

The government averted a partial shutdown as the S&P 500 hit its third consecutive week of gains and oil experienced a five-month low.

Monday, May 1, 2017

Mixed economic data and the release of the Trump administration’s tax-reform plan held investors’ attention during a week that concluded with equity gains.

Monday, April 24, 2017

U.S. equities crept up during the period with the Nasdaq, Dow Jones and S&P 500 each posting a gain. Oil dove and gold finished lower. The 10-year U.S. Treasury yield closed at approximately 2.31%.

Monday, April 17, 2017

U.S. equities dipped during another week of geopolitical tensions with the Nasdaq, Dow Jones and S&P 500 all posting a loss. Gold hit a five-month high and oil was slightly up. The 10-year U.S. Treasury yield closed at approximately 2.21%.

Monday, April 10, 2017

It was a quiet week for U.S. equities with geopolitical tensions dominating headlines after President Trump ordered a targeted military strike on Syria following a chemical weapons attack. Oil prices jumped and gold was flat. The 10-year U.S. Treasury yield closed at approximately 2.39%.

Monday, April 3, 2017

Politics and Fedspeak continued to dominate headlines during the week as U.S. equities crept slightly up. After snapping an eight-session losing streak, the Dow (along with the Nasdaq and S&P 500) finished the week higher. Oil shot up during the period while gold lost some ground. The 10-year U.S. Treasury yield closed at approximately 2.39%.

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