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The Wall Street Debrief

Good Evening: This was another dramatic and volatile week in markets. A higher-than-expected inflation reading on Wednesday spooked markets a bit, but an even bigger sell-off occurred on Thursday when the S&P 500 briefly dipped to lows below 3,860. Today, markets recovered with a strong...

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Staying Cool Amid the Panic

Good evening: Many people seem to believe we live in especially exhaustive, volatile times. But the rhythms of our moment – pandemic, protest, pandemic, election, insurrection, pandemic, inflation, invasion of Ukraine, market volatility – are nothing new. As Tom Lee, our head of research, likes to note: There’s nothing new...

Markets Clock Worst Month since March 2020

Good evening, everyone, and happy Friday. We need a breather. In April, stocks posted their worst month since March 2020. The NASDAQ and S&P 500 clocked their fourth consecutive losing week, which doubled as the NASDAQ’s worst month since 2008. The U.S. economy shrank in the first quarter at a...

Markets Have Worst Day Since 2020

Markets had their fourth consecutive week of losses. Friday was a particularly bad day with all the major indexes down more than 2.5%. The Dow had its worst one-day loss since the dog days of COVID-19. Some of the key losers dragging the stalwart index down were United Health, Caterpillar,...

Stocks Struggle in The First Week of the Second Quarter

The market had another down week. While last week was firmly led by defensives, this week showed a bit more of a mix. Technology and Communication Services were the main losers. Energy, Materials, and Staples led but Consumer Discretionary and Industrials were also slightly in the green as well. Elon...

Stocks Struggle in The First Week of the Second Quarter

The market had a down week in the face of a hawkish tone from several Fed speeches and events that make it look like the bond market may have been more correct than some assumed. Of course, the Fed may be attempting to jawbone the market and it may not...

Stocks Wrap Up Worst Quarter Since 2020, Unemployment Rate Goes Down to 3.6%

The market had a sideways week as multiple sources of uncertainty continue to weigh on investors. Despite reasons for uncertainty, bullish sentiment rose dramatically this week. A bumper jobs report was released on Friday which saw the US unemployment rate fall to levels not seen since before the pandemic. President...

Markets Have Second Week of Gains, Rates Hit New Highs

After last week’s “face ripping” rally many may have expected a period of consolidation given the events transpiring in Europe and an increasingly hawkish tone out of the Federal Reserve. Instead, markets built on the gains solidly. The S&P 500 and Nasdaq were both up almost 2% on the week....

Markets Have Best Week Since 2020; Beaten Down Sectors Lead The Way Higher

Stocks had their best week of the year so far and staged impressive gains. The breadth of the rally this week was impressive. The S&P 500 and Nasdaq posted gains for four days in a row. The Nasdaq rose an impressive 8.1% this week. Friday in particular was marked by...

Markets Have Down Week as War In Ukraine Enters Third Week

The Russo-Ukrainian War entered its third week and despite occasional glimmers of hope, events on the ground are increasingly grim. There is hope for resolution through peace talks, but Russian actions are increasingly alarming with regards to the use of indiscriminate bombardment. Also, today the Russians attacked a variety of...

Markets Have Down Week As Escalation Continues in Russia/Ukraine War, Commodity Upside Spooking Markets

We are now more than a week into Russia’s invasion of Ukraine and the escalation of sanctions against the belligerent country occurred faster than some predicted. This was the sixth straight week of weakness and the terrifying headlines of Ukraine surely are reasons for apprehension. Russia’s military appears to be...