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.
The S&P 500 finished the month of April down -13.31% for calendar year 2022. This marks the single worst start to a year as measured by the S&P 500's year-to-date return through April's monthly close in the history of the S&P 500. Literally, the worst four-month start to a year on record. What's next? Have a read to find out!
The S&P 500 fell -1.27% this week with Friday's close at 4,328.87. Friday's weekly close is the lowest weekly close since July of 2021 at 4,327.16. The index has now declined six of the last nine weeks and is down -9.18% thus far in 2022. We often marvel at how things seem to change from year to year, and it's like the volatility switch got turned on the minute we flipped the calendar to 2022. What's in store for the rest of the year? Have a read to find out!
The S&P 500 gained 1.55% this week with Friday's close at 4,500.53. The index has now increased two weeks in a row after falling each of the prior three weeks to start 2022. January's decline was enough to change the primary trend from up, or "bullish", to neutral. What's next?
The S&P 500 gained 0.85% this week with Friday's close at 4,766.18. Friday's close is a new all-time high weekly close. The index opened the week flying higher on Monday, closing the session at 4,791.19. We then traded to a new all-time high at 4,807.02 on Tuesday, a new all-time high daily close at 4,793.06 on Wednesday (our 70th new all-time high daily close of 2021), and another new all-time high on Thursday at 4,808.93. Clearly, Santa brought all the presents this year!
The S&P 500 declined -1.22% this week with Friday's close at 4,538.43. The index has now declined two weeks in a row and closed Friday -3.40% below our all-time high weekly close at 4,697.96 from just three short week ago. Is the pullback just getting started, or nearing its end? Have a read to find out!
The S&P 500 gained 1.33% this week with Friday's close at 4,605.38. Friday's close is a new all-time high daily, weekly and monthly close for the index. The index has now recorded a new all-time high daily close 59 times thus far in 2021, only 19 away from the record of 77 set back in 1995. So, we're saying there's a chance.
