Headlines Drive Volatility

Volatility was the name of the game last week as markets responded positively to better-than-expected earnings, flinched at ratings downgrades in Europe, and then rallied again on news that the EU is moving towards tighter integration. Overall, equities remained in positive territory, with the S&P 500 gaining 1.7%, the Dow picking up 2.0%, and the … Read more

Financials Lead; Results Flat

Equity markets managed to break a losing streak and closed basically flat for the week as second quarter earnings season kicked off. The S&P gained 0.16%, the Dow grew 0.02%, and the Nasdaq lost 0.98%. Friday saw earnings released by financial heavyweights J.P Morgan Chase (JPM) and Wells Fargo (WFC), which provided a much-needed boost … Read more

Digging Deeper

The major indices closed mixed last Friday as a week of slow trading was capped by a market-wide selloff on Friday. The retreat was driven by a mediocre June jobs report and fears about a jobless recovery. The S&P closed down only 0.55%, the Dow lost 0.84%, and the Nasdaq rose 0.08%. [1] The U.S. … Read more

Special Update: Q2 & Obamacare

While the first quarter of 2012 beat expectations, the second quarter poured cold water on investors’ hopes for a strong encore. Much like the last two years, the economy got off to a solid start only to falter in the spring. Despite a strong showing in the latter half of June, markets are down for … Read more