The Balance of Uncertainty and Optimism

The Balance of Uncertainty and Optimism

Market Summary The blend of vaccine optimism and a worsening pandemic continue to dictate markets this week. The emergence of new vaccines spurred markets while the more immediate reality of the pandemic was brought into focus as the number of U.S. fatalities...
Vaccine Optimism Brings Record Highs

Vaccine Optimism Brings Record Highs

Market Summary Investors appeared to waver between optimism and caution over the week. The S&P 500 posted a record high close on Friday, driven by gains made early in the week, finishing the week up 2.2%. The tech-heavy Nasdaq Composite lagged, sliding 0.6% as...
“Goldilocks” Election Drives Market Rally

“Goldilocks” Election Drives Market Rally

Market Summary Stocks posted their largest weekly rally since April despite the mid-week uncertainty following Tuesday U.S. presidential election. As a clear path to victory emerged for former vice president Biden, the likelihood of a democratic sweep faded with the...
Bad week for big stocks

Bad week for big stocks

Market Summary The pace of the most recent market decline picked up this week, with stock market volatility rising to its highest level since June. The S&P 500 declining 5.6% while the NASDAQ and Dow Jones fell 5.5% and 6.5%, respectfully. Investors chose to...
Pfizer announces a vaccine candidate

Pfizer announces a vaccine candidate

Market Summary The major U.S. stock indexes climbed for the third week in a row, but at a far slower pace than in the previous two weeks, finishing the week up 0.2%. The S&P now sits just 1.5% below its previous record high following its 9% rally over the last...
Trump’s Twitter Storm

Trump’s Twitter Storm

Market Summary The S&P posted its best weekly performance in three months while the NASDAQ composite rose by 5% in a week that saw the daily Covid-19 cases around the world top 350,000 (a new record) as a second wave takes hold across major regions. The U.S....