October 4, 2019 Weekly Market Recap

August 31, 2018 Weekly Market Recap

The markets staged an impressive comeback rally on Friday, though the S&P 500 still declined 0.3% for the week. Several economic reports reawakened growth concerns and contributed to heavy selling, but the market was able to end the week on a positive note following decent employment data for September. The Dow Jones Industrial Average lost 0.9%, and the Russell 2000 lost 1.3%. The Nasdaq Composite increased 0.5%. Five S&P 500 sectors finished lower, while six finished higher. The energy (-3.8%), materials (-2.5%), industrials (-2.4%), and financials (-2.2%) sectors posted big…

September 27, 2019 Weekly Market Recap

September 27, 2019 Weekly Market Recap

The major U.S. indices lost ground this week, as the market appeared rattled by negative-sounding headlines related to trade and politics. The Dow Jones Industrial Average declined just 0.4%, but the S&P 500 (-1.0%), Nasdaq Composite (-2.2%), and Russell 2000 (-2.5%) posted sizable losses. The market had two noticeable declines this week, with the first one coming on Tuesday as the market paid heed to the launch of an impeachment inquiry on President Trump. It seems unlikely at this point that anything material will transpire, but the political wrangling and uncertainty…

September 20, 2019 Weekly Market Recap

The past week was rife with noteworthy developments, but movement in the market was limited. The S&P 500 shed 0.5% while the Dow Jones Industrial Average fell 1.0%. Crude oil was in focus at the beginning of the week, after two refineries in Saudi Arabia were attacked on Saturday. Initial reports suggested that the attack impacted roughly 5% of total global oil output, but Saudi Arabia was able to restore a portion of the lost production in short order. Crude oil surged more than 15.0% at the Sunday open, partly…

How the Saudi Oil Disruption Affects Us

How the Saudi Oil Disruption Affects Us

Over the weekend, attacks on Saudi Arabia’s oil facilities disrupted 5.7 million barrels per day of production, approximately 5% of the world’s daily output. Oil prices have spiked (+15%) as a result, with the administration authorizing the use of the Strategic Petroleum Reserve and hinting at possible military action. For investors, headlines such as these may naturally spark concern. There are a few key implications for investors. The first is the direct result of reduced oil production and higher oil prices. In general, higher prices are effectively a tax on…

September 13, 2019 Weekly Market Recap

The stock market extended its winning streak to three weeks, with value-oriented sectors leading the market closer to all-time highs. The S&P 500 (+1.0%) climbed back above the 3,000 level while the Dow Jones (+1.6%) rose back above 27,000. The Nasdaq Composite (+0.9%) did well, too. The small-cap Russell 2000 rose 4.9%, and the S&P Mid-Cap 400 rose 2.7%. Improved outlooks for trade and growth helped generate renewed buying interest in value stocks, or those with less demanding valuations. Like small-caps and mid-caps, the S&P 500 financials (+3.9%) and energy…