Weekly Commentary

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Monday, November 6, 2017

U.S. equities crept up during the week while October consumer confidence registered at 125.9, its highest level since December 2000. Oil and gold also finished the period higher and the 10-year U.S. Treasury yield closed at approximately 2.34%.

Monday, October 30, 2017

U.S. equities experienced a strong week as speculation for a new Fed chair continued and the European Central Bank (ECB) kept its rates unchanged. Oil prices climbed and gold dipped for the period.

Monday, October 23, 2017

U.S. stocks showed strength as earnings season intensified and economic news mostly met expectations. Gold and oil prices slipped; bond yields jumped as investors speculated about whom would be nominated to succeed Federal Reserve chair Janet Yellen.

Monday, October 16, 2017

U.S. equities inched up for the week and global stocks rallied, with stocks from 23 countries hitting historic highs. The release of the minutes from September's Federal Open Market Committee (FOMC) meeting was fairly uneventful, with the meeting's debates not differing much from the public statements.

Monday, October 9, 2017

For the second week in a row, U.S. equities continued to climb higher. There continues to be a lot of moving pieces surrounding tax reform. One of the big themes is the White House’s pushback against claims that the benefits of the Republican tax plan will go mostly to the wealthy.

Monday, October 2, 2017

U.S. equities notched up for the period as tensions with North Korea continued to escalate and Chancellor Angela Merkel won a fourth term, but performed worse-than-expected, securing only 33% of the vote.

Monday, September 25, 2017

U.S. equities experienced a flat week as investors focused on outcomes from the latest Federal Open Market Committee (FOMC) meeting and persistent global tensions with North Korea.

Monday, September 18, 2017

Stock markets ignored shenanigans from North Korea to stage an impressive rally as the Dow Jones Industrial Average and the S&P 500 posted fresh highs. Oil prices surged more than 4%, whereas gold retreated. Prices of U.S. Treasurys fell; the 10-year yield rose to 2.20%.

Monday, September 11, 2017

Stocks stumbled in a volatile week. Upbeat news of a debt-ceiling deal could not overcome North Korean negativity and the approach of Hurricane Irma. The ten-year U.S. Treasury yield fell to 2.05% as the U.S. dollar continued to slip against other major currencies.

Tuesday, September 5, 2017

U.S. equities posted gains for the period despite tensions with North Korea and disastrous flooding in Texas.

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