by Laura Hochstetler | Oct 20, 2018 | Uncategorized, Weekly Market Update
Market Action At Blacksummit we are monitoring a few important indices in order to observe market momentum and understand possible market patterns and direction. In an effort to comprehend if we are in the process of a market rotation (e.g. from growth into value)...
by Laura Hochstetler | Oct 13, 2018 | Uncategorized, Weekly Market Update
Market Action Global equities suffered their biggest weekly decline since February, partly because of rising US bond yields. For months, US equities have ignored macro issues such as the deepening US-China trade rift and have advanced despite typically weak seasonal...
by Laura Hochstetler | Oct 6, 2018 | Uncategorized, Weekly Market Update
Market Action Global equities declined on the week amid rising treasury yields and the Fed’s pursuit of rates that will exceed a neutral stance. The US 10-year Treasury note rose to its highest level in more than 7 years. The price of WTI Crude oil increased slightly...
by Laura Hochstetler | Sep 29, 2018 | Uncategorized, Weekly Market Update
Market Action Asian stocks ended the third quarter on a strong note. Japan’s Nikkei 225 led major indexes in the region with a more than 1% gain, while China’s Shanghai Composite Index rose nearly 1%. Japan’s benchmark index hit peaks not seen in...
by Laura Hochstetler | Sep 23, 2018 | Uncategorized, Weekly Market Update
Market Action Global equities extended their recent advance, with the S&P 500 and the Dow Jones Industrial Average both posting record highs on Thursday. Helping to sustain the advance were solid high-frequency economic data, such as regional Fed indices, a modest...