Economic news for the week was largely focused on dramatic actions from Congress and the Federal Reserve, intended to stem damage from the coronavirus-related shutdowns that have just begun. Other released data from months prior to the virus outbreak is now largely considered ‘stale’, but included mixed results for new home sales and durable goods orders.
For the week ended March, 22nd, 2019 U.S. stocks dipped slightly with the S&P 500 closing down less than 1%. Poor industrial sentiment data out of Europe was the culprit of choice among market commentators. Equities had slightly rallied mid-week following the dovish Fed statements indicating no likely rate increases on the horizon but caused U.S.
For the week ended March 15th, U.S.
For the week ending March 8th, U.S. stocks were primarily negative with the S&P 500 and Dow Jones both down a little over 2 percent. Small caps fared worse, down over -4%. The slight drawdown was largely attributed to worries on perceived weakening in the global economy, particularly Europe, and concerns around the timing/structure of a US-China trade deal.
For the week ended March 1, 2019, U.S.
Not even a week ago I started to write an article for our clients that I was going to title, “Is Flat The New Up?” I was basing this article on the fact that as of last Tuesday (August 19th) the S&P 500 stock market index was up slightly over 1% for 2015. A puny return when compared to the returns of previous markets for the same time frame. The S&P 50