Category: Commentary

Bulls take over after early drop, drive stocks higher. After a weak open, the S&P 500 rallied throughout the day Friday, inching closer to the all-time closing high set back in May 2015. Energy was the worst performing sector, hurt … Continue reading →

March Recap The S&P 500 gained 6.6% for the largest monthly gain since October 2015. This was the largest gain in the month of March since 2009. The S&P 500 only dropped 1% once all month, the least amount of … Continue reading →

Stocks tread water ahead of jobs report. Indexes closed flat on Thursday as investors waited for further clarity regarding the state of the U.S. economy. Despite the S&P 500 finishing down only 0.2%, utilities was the only sector to advance … Continue reading →

Today is the last day of a truly historic quarter. Should the S&P 500 close higher for the quarter (up 1% as of last night), this would be the first quarter since the Great Depression that was down 10% at … Continue reading →

Indexes continue to advance. The S&P 500 moved further into positive territory for the year on Wednesday, one day removed from dovish comments by Federal Reserve Bank (Fed) Chair Janet Yellen. A midday slide in the price of WTI crude … Continue reading →

At the lows this year, the S&P 500 was down by 10.5%, which begs the question, how normal is this? Going back to 1928, the average intra-year low is to be down by at least 10.9% at one point. So … Continue reading →

S&P and Dow close at highest point this year. Stocks rallied on Tuesday, spurred on by Federal Reserve Bank (Fed) Chair Janet Yellen’s dovish speech at the Economic Club of New York. The risk-on mentality drove all 10 sectors into … Continue reading →

Seventeen years ago today, the Dow closed above the 10,000 level for the first time ever. Today we will take a closer look at the Dow’s crossing of various 1,000 level plateaus in honor of this anniversary. In the graphic … Continue reading →

Stocks continue to consolidate gains. Indexes were relatively unchanged on Monday, continuing a trend from the prior week in which neither buyers nor sellers were able to gain much traction. Growth stocks largely underperformed, with the exception of consumer discretionary, … Continue reading →

Back on February 12, we noted how bullish sentiment was near historic lows. Looking back, the S&P 500 bottomed on February 11 and has gained more than 11% since those lows. In fact, at that time the number of bulls … Continue reading →