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Stock & Bond Market Update (4/13-4/17)

Stock Market Analysis

Following a positive prior week, stocks had a “sinking spell” last week when the Dow declined 1.8%. This brings its year to date return to a miniscule 0.02%. The broader S&P 500 Index has done only slightly better gaining slightly less than 1.1%. There is some evidence smaller and mid cap sized companies are doing somewhat better, with year to date returns of 2.80% for the S&P 600 Small Cap Index and approximately 4.4% for the S&P 400 Mid Cap Index.

Market Commentary by: James Investment Research (4/6 - 4/10)

Stock Market Analysis

What is going on? The European stock market, in their local currency, is doing ten times better than the market in the United States (21% vs 2.1%) this year. Unfortunately for U.S. investors, the dollar has appreciated over 12% against the Euro, diluting the return considerably. In fact, in U.S. Dollars, according to Bloomberg News, the European market is only up about 5%.

Here's what happened in the stock/bond markets last week (3/30-4/3)

Stock Market Analysis

The holiday shortened week was a profitable one for stock investors. As we have seen for much of this year the advance was led by smaller-cap stocks. The Russell 2000 Index, which often mirrors the moves of smaller stocks, gained 1.25% for the week. Larger stocks, like those of the S&P 500, advanced a more meager 0.32%. Overall, the market participated in the rally with almost three stocks advancing for every two that declined.

Market Commentary by: James Investment Research (3/23 - 3/27)

Stock Market Analysis

Last week stocks sagged with nearly 1,200 advancing against about 1,700 declining. Volume mostly declined on the pullback, but when stocks tried to rally Friday, volume fell off sharply. New highs were achieved by 367 NYSE issues, only 77 set new lows. Notwithstanding the relative number of new highs, it was, on the surface, a discouraging picture.

Margin debt declined again, and so did customer free credit, both thought of as negatives. Overall, the entire economic picture includes element of weakness as well as strength.

Stock & Bond Market Analyses (3/16 - 3/20)

Stock Market Analysis

“The pen is mightier than the sword,” at least that is true for the market when the pen holder has an unlimited credit card - that is the Federal Reserve. Strangely, a lack of “patience” is seen as a good thing coming from the Fed. The Dow rallied 2.1% last week, recovering the recent losses and putting the Dow ahead 2.3% for the year. The smaller cap Russell 2000 did even better, up 2.8% for the week and more than doubling the Dow for the year. This is in keeping with what we said in our Economic Outlook – “The market is likely to undergo style rotation as smaller cap stocks are now cheaper than large cap stocks and this has been favorable for them historically.”

What happened in the stock/bond markets last week (3/9-3/13)?

Stock Market Analysis

At first blush, it was a difficult week for stocks. Popular indexes such as the Dow, S&P 500 and the NASDAQ all fell by half a percent or more. Additionally, more stocks declined than advanced. However, there were a few bright spots. Small stocks, like those in the Russell 2000, advanced over 1%. Further, sectors had divergent paths. Healthcare, Utilities and Financials managed gains. Areas posting the biggest losses included Technology and Energy securities which fell over 2.5%.

3/2 - 3/6 Market Commentary by James Investment Research

Stock Market Analysis

One could hardly describe the past week as “strong” with just about every stock index showing declines, the Nasdaq composite losing less than one percent while the Dow Utilities lost more than four percent. Trading volume was highest Friday, the day of a large decline. While Utility stocks led the way down losses were seen in every major sector. Declines were also seen among the major commodity indexes with heating oil off 5.1%; crude revived a bit after a large decline and was about even for the week.

Recent Market Commentary by James Investment Research (2/23 -2/27)

Stock Market Analysis

The S&P 500 set a new high earlier in the week but was unable to sustain the gains as the index fell in the final days to close down 0.24%. Smaller companies of the Russell 2000 index were able to edge out a gain as they advanced 0.16%. Non-Cyclical stocks led all sectors while the energy sector fell nearly 2%; right in line with oil which fell 2%. The U.S. Dollar remained strong and was up 1.6% versus the Euro.

Stock & Bond Market Update (2/16-2/20)

Stock Market Analysis

February continues to bring miserably cold weather but toasty stock returns. Mardi Gras and Chinese New Year seemed to usher in a holiday mood last week as the Dow, the S&P 500 and the Russell 2000 indices all closed at record highs. Not coincidentally, they all also rose around 0.7%. Advancing stocks barely outpaced declining ones but we still had almost ten times as many new highs as new lows. Our indicators had improved early in February and we are glad to see our increased equity levels paying off for now.

Here's what happened in the stock/bond markets last week (2/9-2/13)

Stock Market Analysis

Love was in the air as the Dow sent an early Valentine’s present, rising 1.26% last week. Even better, the S&P 500 reached record highs and has now risen almost 250% from the lows in 2009. Even smaller cap stocks participated as the Russell 2000 rose 1.5%. Again, we saw about twice as many stocks rise as fall in price and new yearly highs have swamped new lows. None of this is alarming and we have found rising prices often beget further rises in prices.

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