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Stuck in the Middle

Stuck in the Middle

OVERVIEW   The S&P 500 index fell 2.26 percent last week, its largest weekly decline in nearly two months. Energy, real estate, and financials were among the sectors hit the hardest. Of the 11 major S&P 500 sectors, only healthcare managed to post a...

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The U.S. vs. the Rest

The U.S. vs. the Rest

OVERVIEW   The U.S. stock market rallied nicely last week, with the S&P 500 index gaining 3.5 percent and the Nasdaq Composite rising 6 percent. Growth and mid-cap stocks led the market higher with gains of over 5 percent each. The VIX index dropped below 30...

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Testing the Waters

Testing the Waters

OVERVIEW   The major U.S. stock indices ticked lower for the second week in a row last week as corporate earnings continued to show the extent of the destruction caused by the COVID-19 pandemic. The S&P 500 Index fell 0.21 percent, and the Nasdaq Composite...

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Shifting Momentum

Shifting Momentum

OVERVIEW   The U.S. stock market, as measured by the S&P 500 Index, ended the week lower by around 1.3 percent after another teeter-totter week of trading. Implied volatility continued to drop, however, as the CBOE S&P 500 Volatility Index fell to under...

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A Tale of Two Markets

A Tale of Two Markets

OVERVIEW   The U.S. stock market, as measured by the S&P 500 index, rose about three percent last week. Large-cap stocks with a growth orientation led the way higher. In particular, the tech-heavy Nasdaq Composite gained over six percent. Developed country...

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Peak Credit Spreads?

Peak Credit Spreads?

OVERVIEW   The major U.S. stock averages fell around two percent last week. The bulk of those losses were centered around small-cap and value stocks, which have fallen the most this year. International stocks in developed countries fell about four percent, while...

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Showing Signs of Life

Showing Signs of Life

OVERVIEW After a tumultuous few weeks of trading, stocks around the globe switched to rally mode last week. The MSCI All Country World Index, a measure of global stocks, rose 9.94 percent. The S&P 500 Index, which tracks the 500 largest companies in the United...

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Fall From Grace

Fall From Grace

  This week the energy sector of the S&P 500 stock index reached price levels last seen 20 years ago. These are not little companies, but big, blue chip, household names that have fallen, in some cases, 90% from their peaks! They are a cautionary tale that...

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Crazy Markets Do Crazy Things

Crazy Markets Do Crazy Things

OVERVIEW Well, that was quite the Monday. Some are even calling it Black Monday (the 2020 edition). Pretty much all financial assets were down, some down a lot, after a failed meeting between the oil-producing giants Saudi Arabia and Russia resulted in the biggest...

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