Mar 21, 2021 | Wealth Management
A round of late afternoon buying boosted the DJIA to another record high on Friday as rising optimism around the global economic reopening continued to encourage the rotation into cyclical stocks. But surging bond yields rekindled valuation fears in the big tech...
Feb 28, 2021 | Wealth Management
The major averages finished the week with sharp losses, despite a Friday rebound. Bond buying pushed the 10-year Treasury yield back down to as low as 1.39% after surging above 1.6% at one point. But, stocks and commodities still ended broadly lower. Meanwhile, U.S....
Feb 21, 2021 | Wealth Management
Stocks closed out Friday’s session mixed at the end of a choppy week. The S&P 500 logged its first weekly loss in three weeks. The Nasdaq outperformed against the other two major indexes as the rotation into cyclical stocks and away from some high-growth...
Jan 31, 2021 | Wealth Management
U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, followed by a modest bounce back on Thursday and then further sell off on Friday. This is despite the central bank keeping overnight interest rates near zero and making no change...
Jan 24, 2021 | Wealth Management
In the past four years, U.S. government debt has increased by $7 trillion to $21.6 trillion. President Joe Biden has committed to a spending program that could add $1.9 trillion more in the year ahead. At 100.1% of gross domestic product, the debt already exceeds the...
Jan 10, 2021 | Wealth Management
It is a tradition around this time of year to make predictions about what stock market holds for investors in the following 12 months. These predictions garner a lot of attention and many investors take the top stock picks by the pundits seriously, and when markets...
