Weekly Commentary

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Tuesday, December 27, 2016

U.S. equity indexes were slightly up at the end of a quiet week of trading with the S&P 500, Nasdaq and Dow Jones all experiencing slight gains. Oil and gold were both flat during the period. The 10-year U.S. Treasury note yield ended the week at approximately 2.54%.

Monday, December 19, 2016

Major U.S. equity indexes finished the week relatively flat following Wednesday’s largely predicted Federal Open Market Committee (FOMC) announcement of a 25 basis point (bp) increase to the Fed funds rate.

Monday, December 12, 2016

After pausing last week, U.S. equity markets again resumed their post-election rally. Three of four major indexes closed at fresh all-time highs during the period – oil surged on a weekend OPEC deal that sent crude oil to nearly $57.

Monday, December 5, 2016

U.S. equity markets cooled off after their recent, post-election rally while oil prices rocketed off the back of an OPEC output deal. The S&P 500, Dow Jones and Nasdaq were relatively flat during the period, oil finished up gaining over 12%. Gold was slightly down, impacted by persistent monetary policy speculation, and the 10-year U.S. Treasury note yield ended the week at approximately 2.39%.

Monday, November 28, 2016

U.S. equity indexes posted another week of solid gains with the Nasdaq, S&P 500 and Dow Jones reaching record levels during the period. Small-cap stocks also reached a new record high with the Russell 2000 gaining over 2% for the week contributing to an approximate year-to-date gain of 18.5%. Oil was slightly up and gold closed lower for the period. The 10-year U.S. Treasury note yield ended the week at approximately 2.4%.

Monday, November 21, 2016

U.S. equity indexes were relatively flat as a Federal Reserve interest rate hike becomes more imminent. The Dow, S&P500 and Nasdaq each posted small gains following another week of political spectating and policy predictions. The 10-year Treasury yield reached its highest level of 2016 during the period and closed at approximately 2.34%. Oil prices rose and gold lost ground. The U.S. dollar reached a new 13-year high.

Monday, November 14, 2016

In Brexit-like fashion, Donald Trump won the presidential election in a landslide. The Dow shook off its initial plunge to have the best week in five years while the S&P500 and NASDAQ each gained over 3%. Oil lost ground as expectations of a production halt lessened and gold dropped to a four-week low. The 10-year U.S. Treasury yield closed at approximately 2.2%.

Monday, November 7, 2016

Election outcome uncertainty weighed heavily on multiple assets during the week. The Nasdaq, S&P 500 and Dow Jones all posted losses for the period. Global markets also took a hit with the Stoxx Europe 600, Global Dow and FTSE 100 all losing ground. Oil dove roughly 10% while gold finished the period higher. The 10-year U.S. Treasury yield closed at approximately 1.8%.

Monday, October 31, 2016

It was a mixed week for U.S. equity indexes with the Dow Jones slightly rising while the Nasdaq and S&P 500 both posted a modest loss. The 10-year U.S Treasury yield closed at approximately 1.85%. Oil prices dropped for the period and gold was up.

Monday, October 24, 2016

Global stocks experienced modest gains for the week; major U.S. equity indexes such as the Nasdaq, S&P 500 and Dow Jones all rose slightly. The 10-year U.S Treasury yield closed at approximately 1.7%. Oil and gold were also slightly up as investors shifted attention toward earnings season.

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