Notes from the Trading Desk

Notes from the Trading Desk is our bi-monthly commentary that discusses current news and market observations.

September 18, 2023

Markets were slightly lower through the first two weeks of September. Tech was the worst performing sector, which has led to some underperformance of the Nasdaq relative to its peers. The weakness within the Nasdaq has not been a total surprise.

read more

August 28, 2023

The last few weeks have been largely mixed for equities – though both the S&P 500 and Nasdaq recovered some of the month’s losses last week. Both major indices are in the middle of their worst months since December.

read more

June 26, 2023

Stocks were under pressure last week as the major U.S. equity indices gave back some of their recent gains. The S&P 500 broke a five-week winning streak, while the Nasdaq fell after eight straight weeks of gains.

read more

May 29, 2023

Large cap growth and tech’s outperformance of the broader market continued once more last week. According to FactSet, the NYSE FANG Index was up more than 5.5%. As tech outperformed, the Nasdaq gained more than 2.5% last week.

read more

May 14, 2023

Since our last Notes from the Trading Desk, the market has essentially gone nowhere. The S&P 500 has been range bound and flat, the Nasdaq has risen slightly, while the small cap focused Russell 2000 has dropped a smidge.

read more

March 27, 2023

Though volatility has remained quite elevated, equity markets have moved higher over the last two weeks. This welcomed positive performance came despite very little easing in terms of headwinds coupled with an especially volatile Treasury market.

read more