-April 12, 2019 Weekly Capital Market Update. The S&P 500 reached an important milestone on Friday when the Index crossed 2900 for the first time since last October; the broad market index finished +0.51% on the week. The equity markets were supported by a positive start to earnings season and this may bode well for corporate commentaries on expectations for the remainder of 2019. Additional market stability stemmed from the FOMC minutes where Fed officials largely approved a "patient" approach to monetary policy going forward.
-April 5, 2019 Weekly Capital Market Update. China’s release of strong economic data on Sunday set the stage for across-the-board market for the week, which was also aided by Monday’s upbeat comments from U.S. and Chinese officials on the progress of trade negotiations: S&P 500 Index +2.06%, the Dow Jones Industrial Average +1.91% and the Nasdaq 2.71%. The S&P 500 is now only 1.5% off its all-time-high from August of last year. Next week brings first quarter earnings season where financials are the first early indicators with JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC). Estimated earnings are expected to decline for the S&P 500 by -4.2%; this would mark the first year-over-year decline in earnings for the index since Q2 2016.
-April 5, 2019 Weekly Capital Market Update. China’s release of strong economic data on Sunday set the stage for across-the-board market for the week, which was also aided by Monday’s upbeat comments from U.S. and Chinese officials on the progress of trade negotiations: S&P 500 Index +2.06%, the Dow Jones Industrial Average +1.91% and the Nasdaq 2.71%. The S&P 500 is now only 1.5% off its all-time-high from August of last year. Next week brings first quarter earnings season where financials are the first early indicators with JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC). Estimated earnings are expected to decline for the S&P 500 by -4.2%; this would mark the first year-over-year decline in earnings for the index since Q2 2016.
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