Commentary – Page 280 – Beacon Wealth Advisors, LLC

26 Jul

Market Update: Wednesday, July 26, 2017

Yesterday’s Market Activity S&P 500 +0.3%, Dow +0.5% on mostly well-received earnings news, though technology weakness kept the Nasdaq (unchanged) from matching the broader index. Solid day for small caps with Russell 2000 Index +0.9%. Earnings helped overall tone, but … Continue reading →

25 Jul

The Lack Of A Pullback Is A Global Thing

Pullbacks so far in 2017 have been historically small for equities here in the U.S., with the S&P 500 Index’s last 5% correction occurring more than a year ago and the last 3% dip as far back as nine months … Continue reading →

25 Jul

Market Update: Tuesday, July 25, 2017

Yesterday’s Market Activity U.S. stocks mixed, with the Dow -0.3%, S&P 500 -0.1%. Nasdaq +20 points to 6410, a new record level, powered by strength in biotech sector. Investors have been focused this week on solid Q2 earnings along with … Continue reading →

24 Jul

Focus 2017 Is Here; Are You Ready?

Next week is Focus 2017, our flagship conference that brings together the best and brightest in the industry to discuss the most relevant opportunities for and challenges facing financial professionals today. The conference runs from Sunday, July 30 to Wednesday, … Continue reading →

24 Jul

Market Update: Monday, July 24, 2017

Last Week’s Market Activity Stocks near flat Friday but S&P 500 (+0.5%), Nasdaq (+1.2%) both rose for the week with help from a good start to earnings season, continued support from global central banks, which put some downward pressure on … Continue reading →

21 Jul

Tech At New Highs And The Nasdaq Up 10 In A Row. Can It Keep Going?

After a rough June, technology has come roaring back with the S&P 500 Information Technology Index finally clearing its March 2000 peak and the tech-heavy Nasdaq Composite Index up 10 days in a row for the first time since early … Continue reading →

21 Jul

Market Update: Friday, July 21, 2017

Yesterday’s Market Activity Nasdaq (+0.1%) up again, as the tech heavy index gained for 10th consecutive day to post fresh record high along the way. Dow (-0.1%), S&P 500 (-0.1%) down slightly. Sectors split as rate-sensitive telecom, utilizes lead, consumer … Continue reading →

20 Jul

MOVE Index and Treasury Yields – Correlation but Likely No Causation

The Merrill Lynch Option Volatility Estimate Index (MOVE) is the bond market’s equivalent of the Chicago Board of Options Exchange Volatility Index (VIX), and helps to gauge the current level of fear or complacency in fixed income markets. Since launching … Continue reading →

20 Jul

Market Update: Thursday, July 20, 2017

Yesterday’s Market Activity More new highs. Dow (+0.3%), S&P 500 Index (+0.5%), Nasdaq (+0.6%) set fresh record highs, helped by earnings news. New high for tech, finally! It took 17 years but S&P technology’s 0.5% gain pushed it above March … Continue reading →

19 Jul

Market Update: Wednesday, July 19, 2017

Yeseterday’s Market Activity Stocks initially under pressure as investors processed failed ACA negotiations. S&P 500, Nasdaq each climbed fractionally to new record levels, Dow -0.3%. Investors seemed relatively calm as trading progressed, despite focus on ACA effects on the rest … Continue reading →

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