Weekly Market Update

 Market Action All three major U.S. indices hit record highs this week. Technology, Consumer Discretionary and other cyclical names led the way for the markets as enthusiasm for risk continues to grow. Crude oil prices were largely fell early in the week due to one of...

Weekly Market Update

 Market Action Markets ended the week strong in the U.S. but just missed posting gains across all three major averages. Earnings so far for corporations have come in strong with 65% of firms beating mean estimates. The U.S. jobs report showed a stronger labor market...

Weekly Market Update

 Market Action The Dow crossed the illustrious 20,000 level this week, setting new highs in the process. Cyclical sectors dominated the markets, revitalizing bullish optimism. President Trump officially removed the U.S. from the Trans-Pacific Partnership this week and...

Weekly Market Update

 Market Action Defensive sectors (Consumer Staples, Telecommunications) led the market this week as stocks fell for the second consecutive week. Chinese GDP for 2016 grew at a rate of 6.7% according to data released Friday. While in the middle of the targeted range,...

Weekly Market Update

 Market Action Most major markets in the U.S., Europe and Asia slowed their rallies this week with U.K. the major exception. The country continues to benefit from a weaker pound lifting manufacturing and overall business activity. China’s trade surplus fell for the...