Weekly Market Commentary

The holiday-shortened week saw the end to the best 2nd quarter in six years as the S&P 500 added over $8 trillion in market value.  The Semiconductor sector recorded its best quarter ever with a gain of 87.75% as AI demand for chips continued.  That said the...

Markets finished the week mixed, with a noticeable rotation out of mega-cap technology issues to healthcare, real estate, and consumer staples.  Concerns about the return on investment from a massive capital-expenditure binge on artificial intelligence resurfaced. ...

Happy Father’s Day to all the fathers out there.  The holiday-shortened week brought gains to US equities and saw the Japanese and South Korean markets forge new all-time highs.  The signing of a memorandum of understanding between the US and Iran extended the...

It was a hectic week on Wall Street as investors contended with heightened tensions in the Middle East, awaited the largest IPO in history, and received elevated inflation readings.  The US and Iran appear to be very close to extending a fragile ceasefire, but as I...

qqwe The S&P 500 was unable to make it a 10th straight week of gains as the market pulled back sharply late in the week amid a sense that the AI trade may have gone too far, too fast.  Technology issues were absolutely hammered on Thursday and Friday after...

Global equity markets rallied in May and received a final boost in the final week of the month on optimism that the US and Iran were close to extending the current ceasefire agreement.  However, the negotiations between the two parties were described as “clear as mud”...

Happy Memorial Day weekend, and thank you to all the brave men and women who have served our country to ensure our freedom.   Markets took a step forward last week in what I would consider a complete reversal of the prior week's action.  A broadening-out trade could...

US equity markets finished the week mixed in volatile trade.  Hotter-than-expected inflation data, coupled with increased tensions in the Middle East, sent US Treasury yields significantly higher.  The US-China summit ended with both sides with no real incremental...

Global markets hit record highs as Q1 earnings continued to exceed expectations.  Despite continued tensions in the Middle East and the Strait of Hormuz effectively closed, investors bought mega-cap technology issues alongside Semiconductor companies.  AMD posted...