Market Commentary by: James Investment Research (7/13 - 7/17)

Stock Market Analysis

A relief rally seemed to take place last week as the issues in Greece and China briefly subsided. Large stocks were up about 1.5% and small stocks advanced about 1.0%. Advancing stocks outpaced decliners by almost a 3-to-2 margin. Technology and Finance issues carried the week while commodity based sectors like Energy and Basic Materials declined.

Here's what happened in the stock/bond markets last week (7/6-7/10)

Stock Market Analysis

What a wild ride the markets experienced this week. International intrigue, especially in Greece and China, created breath-taking declines and dizzying gains in U.S. stocks; sometimes in the same day. Despite the volatility, for the week the S&P 500 ended essentially unchanged. Smaller stocks, like the Russell 2000 did slightly better and advanced 0.3%.

What happened in the stock/bond markets last week (6/22-6/26)?

Stock Market Analysis

The Dow fell 0.38% last week. We also saw similar losses in smaller cap stocks. Overall we had more stocks fall than rise but we still had more new highs than new lows. Six out of 9 sectors fell, with Utility and Basic Material stocks doing the worst. Cyclical and Healthcare stocks held up the best. Healthcare should be no surprise given the Supreme Court's decision upholding subsidies.

6/15 - 6/19 Market Commentary by James Investment Research

Stock Market Analysis

The market advanced on the week. The gains were led by smaller stocks where the Russell 2000 went up to the tune of 1.6% or roughly double that of the large-cap S&P 500 Index. Advancing stocks outpaced decliners. Regarding sectors, we find the more defensive areas such as Non-Cyclical, Healthcare and Utilities led the pack while Financial and Energy issues lost ground.

Stock & Bond Market Analyses (6/8 - 6/12)

Stock Market Analysis

Last week the Dow managed a weak 0.35% gain, while its return year-to-date was only 1.60%. To investors, it has been encouraging that small stocks may have begun to make their traditional pre-election year rally. After a long period in the doldrums, the Russell 2000 index began to outperform, rising 0.36% for the week and an improving 5.58% year-to-date. Small stocks frequently lead general market advances. Among the sectors, Energy and Technology issues have been doing poorly while Financial and Staples are the best.

Stock & Bond Market Update (6/1-6/5)

Stock Market Analysis

Mixed messages, I hate mixed messages. But that is what the market is giving us. The Dow fell last week and is only ahead 1.25% for the year. On the other hand, small cap stocks, as represented by the Russell 2000, rose 1.18% for the week and are up over 5% this year. Unfortunately, more stocks fell than rose last week and we actually saw more new lows than new highs. We saw a similar mixed message with sectors as 3 of five advanced, while more defensive issues suffered.

Market Commentary by: James Investment Research (5/25 - 5/29)

Stock Market Analysis

The holiday shortened week saw the stock market meander lower. Smaller stocks, like those in the Russell 2000, held up better but still declined 0.4%. The larger stocks, as illustrated by the S&P 500, fell 0.8%. Regarding sectors the best performers were Healthcare and the defensive minded Utilities. Underperforming areas include Industrials and Energy which both fell over 1.5%. Finally, we note the overall breadth of the market was unfavorable with nearly three stocks declining for every two that advanced.

Here's what happened in the stock/bond markets last week (5/18-5/22)

Stock Market Analysis

While the Dow fell for the week, most major indices made progress but more stocks fell than rose in price. Small caps, as represented by the Russell 2000 rose 0.69% and we still have more than twice as many stocks hitting new highs as new lows. The market is clearly sending mixed signals as 5 sectors fell while 4 rose in price last week. Fortunately, all except Utilities have risen this year, with Healthcare leading the way, as it has for the last 1, 3, and 5 years.

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