These are interesting times in the financial markets and last week gave us a great example.
Last week, the Dow Jones, S&P 500, and the Russell 2000 all made a record high close. You would think because of this, that it was a good week for financial markets. Well, these are interesting times. Despite these record highs, it turned out to be a difficult week for stocks, bonds, and commodities. From large cap to small-cap stocks – from value stocks to growth stocks – call up a broad-based index-tracking ETF and it is most likely in the red these last 5 days. The same with bonds – call up a passive, index-tracking investment-grade corporate credit, or high yield ETF, or even the aggregate bond ETF, and performance is most likely in the red. Broad-based Commodities, same thing.
For the week ahead, our interest turns to Fedspeak. We hear from Fed Chair Jay Powell this week, from Treasury Secretary Yellen, and from multiple other federal reserve speakers. With all the focus on interest rates and inflation, these speeches -- which typically don’t get a lot of airtime -- may become market movers.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
Prefer Audio Over Video?
Stay informed on what's going on in the market without getting caught up in the flashy headlines.