top of page
Scott Poore, AIF, AWMA, APMA

Relatively Uneventful Week on Wall Street

In a week where there were few economic releases and corporate earnings announcements have slowed, it was actually refreshing to for the markets to have an uneventful week. We won't have that luxury this week as the economic releases pick up and Fed Chairman Powell's language will be parsed. Investors seems to have adjusted to higher interest rates. Inflation fears still abound even though both the Fed and Treasury Sec. Yellen have voiced that inflation is very manageable at this point.


While the data on the virus continues to improve, the market is shifting in valuation and allocations. Tech names that were the darlings of the stay-at-home model have reached rich valuations in the minds of investors and under-valued equities are now the sought after investment. Growth names had out-performed Value names for the last 4 calendar years. This year, however, Value names in Financials, Energy, & Utilities are beating their Growth peers. The Russell 1000 Value is up more than 11% for the year, while the Russell 1000 Growth is down slightly year-to-date.


Click below to access this week's Market Recap.



Comments


bottom of page