Testing the Waters

Testing the Waters

OVERVIEW   The major U.S. stock indices ticked lower for the second week in a row last week as corporate earnings continued to show the extent of the destruction caused by the COVID-19 pandemic. The S&P 500 Index fell 0.21 percent, and the Nasdaq Composite...
Shifting Momentum

Shifting Momentum

OVERVIEW   The U.S. stock market, as measured by the S&P 500 Index, ended the week lower by around 1.3 percent after another teeter-totter week of trading. Implied volatility continued to drop, however, as the CBOE S&P 500 Volatility Index fell to under...
Peak Credit Spreads?

Peak Credit Spreads?

OVERVIEW   The major U.S. stock averages fell around two percent last week. The bulk of those losses were centered around small-cap and value stocks, which have fallen the most this year. International stocks in developed countries fell about four percent, while...