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We've written a Weekly Market Update, which is emailed to our clients and interested prospects every Sunday morning, since 2008. Sign up below to receive our commentary in your inbox every Sunday morning, or continue reading below for our recent Market Updates.

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January 5, 2024

Stocks Up 9 Weeks In A Row, Time For A Pause?

The S&P 500 gained 0.32% this week with Friday's close at 4,769.83. Friday's close is a new all-time high weekly close for the S&P 500, and that's something we haven't been able to write for almost exactly two years! The index has now increased an astounding nine weeks in a row, its first nine-week winning streak since the week ending January 23, 2004 (and before that September 1, 1989!). From our view, it would be normal, healthy and even ideal for the S&P 500 to take a breather over the weeks ahead. A trade down toward the ~4,600 region in January would serve to recharge the battery for a breakout to new all-time highs in February.

December 5, 2023

Stocks Finish Off A November To Remember

The S&P 500 gained 0.77% this week with Friday's close at 4,594.63. The index has now increased five weeks in a row, gaining a massive 11.59% in the process. Ironically, all the S&P 500 did this week was trade back up to the same price it was at on July 27, a little more than four months ago. it's once again now all about follow-through, follow-through and more follow-through!

November 7, 2023

Stocks Rip Higher To Start November - Is The Correction Over?

The S&P 500 exploded higher by 5.85% this week with Friday's close at 4,358.34. Wow...what a difference a week makes! The trillion-dollar questions now are whether or not 4,103.78 will hold as the bottom for the remainder of 2023 (and perhaps also throughout all of 2024), and whether or not this week's upside explosion is an "all-clear" sign for the S&P 500. Have a read to find our answer!

October 2, 2023

Stocks Fall For The Second Consecutive Month. Panic, or Patience, Which Is It?

The S&P 500 fell -0.74% this week with Friday's close at 4,288.05. The index has now decreased four weeks in a row for the first time since the end of 2022. Looking ahead, we now believe the picture is favorable for the S&P 500 over the near term. We'd recommend investors exercise patience over panic. Have a read!

August 7, 2023

Stocks Make It 5 In A Row. The Primary Trend is Up

The S&P 500 fell -2.27% this week with Friday's close at 4,478.03. The index closed higher by a smidgen on Monday but never found its way back into the 4,600s, and then declined each and every trading day the remainder of the week. The price action on Friday felt particularly negative, with the S&P 500 trading up to 4,540.34 during the session, only to then reverse lower by -1.37% into Friday's close. The seat belt light is on, but the primary trend is up so we anticipate any trade down towards the ~4,300 region to be a buying opportunity.

June 7, 2023

Stocks Breakout, A Rotational Breadth Rally Is Underway

The S&P 500 gained 1.83% this week with Friday's close at 4,282.37. The index has now increased three weeks in a row and Friday's close is the highest weekly close since April 14, 2022. We can't help but chuckle a bit at what transpired in both April and May where we wrote week after week how pivotal the price action would be, and instead the S&P 500 just parked itself in neutral and did absolutely nothing for two months. So, maybe it's June that's going to be the pivotal month, and if the first two days are any guide then perhaps the pivot is truly to the upside.