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Most Recent Commentary
Notes from the Trading Desk
U.S. stocks continued their march higher during last week’s holiday-shortened trading week. The S&P 500 finished the week at a record high and closed out the month of November 5.73% higher, its best monthly performance of the year, closing higher for the…
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%.