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Most Recent Commentary
Notes from the Trading Desk
A post-election surge in U.S. stocks drove major equity indices to all-time highs last week. The S&P 500 surpassed 6,000 and logged its 50th record high of the year, while the Dow Jones Industrials Average crossed 44,000 for the first time.
Observations
Major U.S. equity markets experienced some consolidation in October after several months of upward momentum. The S&P 500 broke a streak of five consecutive monthly gains, declining 0.99%.
The Tandem Report
The stock market continued its impressive run in the third quarter—albeit with a small hiccup in early August. The S&P 500 closed 5.5% higher, which brought the year-to-date gain through September to nearly 21%.