Market Rally – Monday Morning Market Memo – March 30, 2020

Market Rally – Monday Morning Market Memo – March 30, 2020

Good morning, Despite the notable drop in the market last Friday, when the Dow Jones Industrial Average shed over 900 points, the major stock market averages posted substantial gains last week. The Dow gained 12.8% (its biggest weekly advance since 1938), the NASDAQ Composite rose 9.1%, and the Standard & Poor’s 500 Index added 10.3%. Factors behind the gain in …

Market Turmoil – Monday Morning Market Memo – March 23, 2020

Market Turmoil – Monday Morning Market Memo – March 23, 2020

Good morning, First and most importantly, we hope you and your family are well during these difficult times. COVID-19 is impacting so many aspects of daily life right now, and it continues to be the driver behind the drop in stock prices. We wrote here recently how we do not know the path or course the pandemic will take, or …

Market Downturn – Monday Morning Market Memo – March 9, 2020

Market Downturn – Monday Morning Market Memo – March 9, 2020

Good morning, In a different world we would be writing happily about the February Jobs Report, which absolutely blew past expectations. The Department of Labor reported the US economy added 273,000 jobs last month (versus expectations for 175,000 new jobs). The unemployment rate fell back to a generational low of 3.5%. Employment is of course the foundation of the economy, …

Correction Territory – Monday Morning Market Memo – March 2, 2020

Correction Territory – Monday Morning Market Memo – March 2, 2020

Good morning, Stock prices fell sharply last week as fears of a pandemic spread around the globe. The Dow Jones Industrial Average dropped 12.4%, the NASDAQ Composite lost 10.5% and the Standard & Poor’s 500 Index skidded 11.5%. This was the worst weekly performance for the stock market since the financial crisis, as worries over the coronavirus (now called COVID-19) …

Stocks Post Strong Weekly Gains – Monday Morning Market Memo – February 10, 2020

Stocks Post Strong Weekly Gains – Monday Morning Market Memo – February 10, 2020

Good morning, The stock market fell last Friday, snapping a 4-day win streak, with the Dow Jones Industrial Average dropping over 270 points on worries over the coronavirus and its impact on the Chinese and global economy. On Friday China confirmed over 31,000 cases and over 630 deaths – which is impacting travel, shopping, and consumption. Still, the major stock …

Market Update – Monday Morning Market Memo – February 3, 2020

Market Update – Monday Morning Market Memo – February 3, 2020

Good morning, The major stock market averages moved sharply lower last Friday, with the Dow Jones Industrial Average falling over 600 points as worries grew over the health and economic impact of the coronavirus. Several cases of the virus have been confirmed here in the US and reports indicate over 17,000 cases worldwide. The spread of the virus (mostly China …