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

November 11, 2024

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.

By: Jordan Watson, CFA, CMT
October 14, 2024

Notes from the Trading Desk

U.S. equities saw continued strength last week, building on recent momentum and pushing major indices to record highs. The Dow Jones Industrial Average and S&P 500 notched fresh all-time highs, with the S&P 500 logging its 45th record high of the year...

By: Jordan Watson, CFA, CMT
September 23, 2024

Notes from the Trading Desk

The S&P 500 set fresh all-time highs last week, logging its 39th record close of the year, while the Dow Jones Industrial Average and equal-weight S&P 500 also notched record closes. Major U.S. equity indices are coming off two straight weeks of...

By: Jordan Watson, CFA, CMT
September 3, 2024

Notes from the Trading Desk

Major U.S. equity indices finished out the month of August at or near all-time highs. The S&P 500 closed higher for a fourth-straight month despite starting August with a 6% decline in the first three trading days.

By: Jordan Watson, CFA, CMT
August 19, 2024

Notes from the Trading Desk

U.S. stocks recovered ground last week as the S&P 500 and Nasdaq broke a four-week losing streak and posted their best weekly performances since November 2023. The S&P 500 finished out the week on a seven-day winning streak and reclaimed its 50-day...

By: Jordan Watson, CFA, CMT
July 29, 2024

Notes from the Trading Desk

Market dynamics have changed quite a bit since our last edition of Notes from the Trading Desk was released at the end of June. The first week and a half of July saw continued strength in the largest technology stocks that market...

By: Jordan Watson, CFA, CMT
June 23, 2024

Notes from the Trading Desk

Markets experienced continued strength throughout the first few weeks of June as the S&P 500 logged its third consecutive weekly gain, up for the eighth week in the past nine. The benchmark index closed higher by 0.61% last week, bringing its month-to-date...

By: Jordan Watson, CFA, CMT
May 30, 2024

Notes from the Trading Desk

U.S. stocks closed out the month of May higher following a weak April. The S&P 500 and Nasdaq logged five consecutive weekly gains before closing lower the last week of May.

By: Jordan Watson, CFA, CMT
May 6, 2024

Notes from the Trading Desk

It has been a little over a month since the last edition of Notes from the Trading Desk was published and since then, US equity markets experienced their largest pullback since October of last year. The S&P 500 declined over 5% during...

By: Jordan Watson, CFA, CMT
April 1, 2024

Notes from the Trading Desk

Major U.S. equity indices are coming off a winning first quarter. The S&P 500 gained more than 10% in the quarter, a second straight double-digit quarterly percentage gain and its best start to the year since 2019.

By: Jordan Watson, CFA, CMT
March 18, 2024

Notes from the Trading Desk

Stocks took a breather last week after their recent record-breaking climb. Declines were broad-based as the tech-heavy Nasdaq posted its second consecutive weekly decline while the small-cap Russell 2000 experienced its worst week of 2024.

By: Jordan Watson, CFA, CMT
March 4, 2024

Notes from the Trading Desk

U.S. stocks continued their relentless climb to new highs last week. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all logged fresh all-time highs in February.

By: Jordan Watson, CFA, CMT

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