Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

2nd Quarter | 2021

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

Market Update 9/27/21

Major U.S. stock market indexes were up last week. The S&P 500 increased by 0.51%, the Dow Jones Industrial Average was up 0.62%, the NASDAQ Composite gained 0.02%, and the Russell 2000 small-capitalization index was up 0.50%. The 10-year Treasury bond yield rose 9 basis points to 1.45%, taking Treasury bonds lower for the week. Spot gold closed at $1,750.42, down 0.22%.

Market Update 9/20/21

The major U.S. stock market indexes were mixed last week. The Russell 2000 gained 0.42%, the NASDAQ Composite fell 0.47%, the S&P 500 was down 0.57%, and the Dow Jones Industrial Average lost 0.07%. The 10-year Treasury bond yield rose 2 basis points to 1.36%, though bonds were mixed for the week. Spot gold closed the week at $1,754.34, down 1.86%.

Market Update 9/13/21

The major U.S. stock market indexes were generally lower last week. The Dow Jones Industrial Average lost 2.1%, the S&P 500 Index fell 1.7%, the NASDAQ Composite gave up 1.6%, and the Russell 2000 small-capitalization index slumped 2.8%. The 10-year Treasury bond yield gained 2 basis points to finish at 1.28%, sending bond prices lower for the week. Spot gold closed the week at $1,788.35, down $39.37 per ounce, or 2.2%.

Market Update 9/7/21

Major U.S. stock market indexes were mixed last week. The S&P 500 increased by 0.58%, the Dow Jones Industrial Average was down 0.24%, the NASDAQ Composite gained 1.55%, and the Russell 2000 small-capitalization index was up 0.65%. The 10-year Treasury bond yield rose 1 basis point to 1.32%, taking Treasury bonds lower for the week. Spot gold closed at $1,827.73, up 0.56%.

The major U.S. stock market indexes ended significantly higher last week, with several indexes hitting all-time highs. The Russell 2000 turned in the best performance with a 5.05% gain, the NASDAQ Composite rose 2.82%, the S&P 500 was up 1.52%, and the Dow Jones Industrial Average gained 0.96%. The 10-year Treasury bond yield rose 5 basis points to 1.31%, taking bonds slightly down for the week. Spot gold closed the week at $1,817.57, up 2.05%.

Major U.S. stock market indexes were down last week. The S&P 500 decreased by 0.59%, the Dow Jones Industrial Average was down 1.11%, the NASDAQ Composite declined by 0.73%, and the Russell 2000 small-capitalization index lost 2.50%. The 10-year Treasury bond yield fell 2 basis points to 1.26%, taking Treasury bonds higher for the week. Spot gold closed at $1,781.11, up 0.08%.

Major U.S. stock market indexes were mixed last week. The S&P 500 increased by 0.71%, the Dow Jones Industrial Average was up 0.87%, the NASDAQ Composite declined by 0.09%, and the Russell 2000 small-capitalization index lost 1.10%. The 10-year Treasury bond yield fell 2 basis points to 1.28%, taking Treasury bonds higher for the week. Spot gold closed at $1,779.74, up 0.95%.

The major U.S. stock market indexes ended higher once again last week, with several indexes flirting with all-time highs. The NASDAQ Composite turned in the best performance with a 1.11% gain, the Russell 2000 rose 0.97%, the S&P 500 was up 0.94%, and the Dow Jones Industrial Average gained 0.78%. The 10-year Treasury bond yield rose 7 basis points to 1.30%, taking bonds slightly down for the week. Spot gold closed the week at $1,763, down 2.82%.

The major U.S. stock market indexes were generally lower last week. The Dow Jones Industrial Average lost 0.4%, the S&P 500 Index also fell 0.4%, the NASDAQ Composite gave up 1.1%, and the Russell 2000 small-capitalization index—the lone gainer—picked up 0.75%. The 10-year Treasury bond yield fell 5 basis points to 1.22%, boosting bond prices for the week. Spot gold closed the week at $1,814.19, up $12.04 per ounce, or 0.67%.

Major U.S. stock market indexes were up last week. The S&P 500 increased by 1.96%, the Dow Jones Industrial Average was up 1.08%, the NASDAQ Composite rose by 2.84%, and the Russell 2000 small-capitalization index gained 2.15%. The 10-year Treasury bond yield fell 1 basis point to 1.28%, taking Treasury bonds higher for the week. Spot gold closed at $1,802.15, down 0.55%.

Equities were up in the second quarter despite some market choppiness in May. The NASDAQ 100 Index was the leader for the quarter with an 11.2% gain. The Russell 2000 small-capitalization index was the domestic laggard, up 4.0%. Emerging markets were the weakest performers, gaining 3.8%.

The major U.S. stock market indexes finished generally higher last week. The Dow Jones Industrial Average gained 0.2%, the S&P 500 Index rose 0.4%, the NASDAQ Composite also climbed 0.4%, and the Russell 2000 small-capitalization index—the lone loser—dropped 1.1%. The 10-year Treasury bond yield fell 6 basis points to 1.36%, boosting bond prices for the week. Spot gold closed at $1,808.32, up $21.02 per ounce, or 1.18%.

Major U.S. stock market indexes were mostly up last week. The S&P 500 increased by 1.67%, the Dow Jones Industrial Average was up 1.02%, the NASDAQ Composite rose by 1.94%, and the Russell 2000 small-capitalization index lost 1.23%. The 10-year Treasury bond yield fell 10 basis points to 1.42%, taking Treasury bonds higher for the week. Spot gold closed at $1,787.30, up 0.33%.

The major U.S. stock market indexes finished higher last week. The Russell 2000 small-capitalization index stormed ahead 4.32%, the Dow Jones Industrial Average rose 3.44%, the S&P 500 Index continued to hit new highs with a 2.74% gain, and the NASDAQ Composite advanced 2.35%. The 10-year Treasury bond yield increased 9 basis points to 1.52%, as bonds were mixed for the week. The 10-year yield has remained range-bound for weeks, trending slightly downward. Spot gold closed at $1,781.44, up 0.98%.

The major U.S. stock market indexes finished lower last week. The Dow Jones Industrial Average lost 3.4%, the S&P 500 Index gave back 1.9%, the NASDAQ Composite tumbled 0.3%, and the Russell 2000 small-capitalization index dropped 4.2%. The 10-year Treasury bond yield fell 1 basis point to 1.44%. Spot gold closed at $1,764.16, down $113.37 per ounce, or 6.04%.

The major U.S. stock market indexes were mostly up for the week. The Russell 2000 gained 2.16%, the NASDAQ Composite rose 1.85%, the S&P 500 (which continues to hit new highs) was up 0.41%, and the Dow Jones Industrial Average fell 0.80%. The 10-year Treasury bond yield dropped 10 basis points to 1.45%, taking Treasury bonds up for the week. Spot gold closed at $1,877.53, down 0.74%.

Major U.S. stock market indexes were up last week. The S&P 500 increased by 0.61%, the Dow Jones Industrial Average was up 0.66%, the NASDAQ Composite rose by 0.48%, and the Russell 2000 small-capitalization index gained 0.77%. The 10-year Treasury bond yield fell 4 basis points to 1.55%, taking Treasury bonds higher for the week. Spot gold closed at $1,891.59, down 0.64%.

The major U.S. stock market indexes ended higher for the week. The Russell 2000 small-cap index gained 2.45%, the NASDAQ Composite gained 2.08%, the S&P 500 was up 1.20%, and the Dow Jones Industrial Average gained 1.03%. The 10-year Treasury bond yield fell 3 basis points to 1.59%, taking bonds slightly higher for the week. Spot gold closed at $1,903.77, up 1.20%.

Major U.S. stock market indexes were mostly down last week. The S&P 500 decreased by 0.39%, the Dow Jones Industrial Average was down 0.51%, the NASDAQ Composite increased by 0.31%, and the Russell 2000 small-capitalization index lost 0.42%. The 10-year Treasury bond yield fell 1 basis point to 1.62%, taking Treasury bonds higher for the week. Spot gold closed at $1,881.25, up 2.05%.

The major U.S. stock market indexes finished lower last week. The Dow Jones Industrial Average lost 1.1%, the S&P 500 Index gave back 1.4%, the NASDAQ Composite tumbled 2.3%, and the Russell 2000 small-capitalization index dropped 2.1%. The 10-year Treasury bond yield rose 5 basis points to 1.63%, taking bonds lower for the week. Gold was the only winner. Spot gold closed at $1,843.43, up $12.19 per ounce, or 0.67%.

The major U.S. stock market indexes ended mostly higher last week. The Dow Jones Industrial Average rose 2.67%, the S&P 500 gained 1.23%, the Russell 2000 was up 0.23%, and the tech-dominated NASDAQ Composite fell 1.51%. The 10-year Treasury bond yield fell 5 basis points to 1.58%, as bonds were largely up for the week. Spot gold closed at $1,831.24, up 3.51%.

Major U.S. stock market indexes ended mostly lower last week. The S&P 500 increased by 0.02%, the Dow Jones Industrial Average was down 0.50%, the NASDAQ Composite decreased by 0.39%, and the Russell 2000 small-capitalization index lost 0.24%. The 10-year Treasury bond yield rose 7 basis points to 1.63%, as Treasury bonds fell for the week. Spot gold closed at $1,769.13, down 0.45%.

The major U.S. stock market indexes finished mostly lower last week. The Dow Jones Industrial Average lost 0.5%, the S&P 500 Index slipped 0.1%, and the NASDAQ Composite fell 0.3%. In contrast, the Russell 2000 small-capitalization index gained 0.6%. The 10-year Treasury bond yield fell 2 basis points to 1.555%, leaving bonds flat for the week. Spot gold closed the week at $1,777.20, up $0.69 per ounce, or 0.04%.

Equities were up in the first quarter despite some market choppiness during the rise. Domestic large-cap stocks were the worst performers, but the S&P 500 Index still gained more than 6.1%. The Russell 2000 small-capitalization index led the pack once again, gaining more than 12.5% for the quarter.

Major U.S. indexes ended mixed last week. The S&P 500 increased by 2.71%, the Dow Jones Industrial Average was up 1.95%, the NASDAQ Composite was up 3.12%, and the Russell 2000 small-capitalization index lost 0.46%. The 10-year Treasury bond yield fell 6 basis points to 1.66%, as Treasury bonds rose for the week. Spot gold closed at $1,743.88, up 0.84%.

The markets were up last week as we closed out the first quarter of the year. The tech-dominated NASDAQ Composite gained 2.60%, the Russell 2000 was up 1.49%, the S&P 500 gained 1.41%, and the Dow Jones Industrial Average rose 0.24%. The 10-year Treasury bond yield rose 5 basis points to 1.72%, though bonds as an asset class were largely up for the week. Spot gold closed at $1,728.87 for the week, down 0.19%.

Major U.S. indexes ended mixed last week. The S&P 500 increased by 1.57%, the Dow Jones Industrial Average was up 1.36%, the NASDAQ Composite was down 0.58%, and the Russell 2000 small-capitalization index lost 2.88%. The 10-year Treasury bond yield fell 4 basis points to 1.68%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,732.52, down 0.73%.

The major stock market indexes finished lower last week. The Dow Jones Industrial Average lost 0.5%, the S&P 500 Index slipped 0.7%, the NASDAQ Composite fell 0.8%, and the Russell 2000 small-capitalization index tumbled 2.8%. The 10-year Treasury bond yield rose 10 basis points to 1.727%, sending bonds lower for the week despite a late-week rally. Last week, spot gold closed at $1,745.23, up $18.12 per ounce, or 1.1%.

Major U.S. indexes ended higher last week, with most hitting record highs. The Dow Jones Industrial Average was up 4.07%, the S&P 500 increased by 2.64%, the Russell 2000 small-capitalization index rose 7.32%, and the NASDAQ Composite was up 3.09%. The 10-year Treasury bond yield rose 6 basis points to 1.63%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,727.11, up 1.60%.

The equity markets were mixed last week. The Dow Jones Industrial Average rose 1.82% and the S&P 500 was up 0.81%. The Russell 2000 small-cap index was down 0.40% for the week, and the tech-dominated NASDAQ Composite fell 2.06%. The 10-year Treasury bond yield rose 16 basis points to 1.57%, as Treasury bonds fell significantly for the week. Spot gold closed at $1,700.64, down 1.93%.

The major stock market indexes tumbled last week. The Dow Jones Industrial Average lost 1.8%, the S&P 500 Index declined 2.5%, the NASDAQ Composite fell 4.9%, and the Russell 2000 small-capitalization index dipped 2.9%. The 10-year Treasury bond yield rose 6 basis points to 1.405%, as its price weakened. Spot gold closed the week at $1,734.04, down $50.21 per ounce, or 2.8%.

Market Update 2/22/21

Major U.S. indexes ended mostly lower last week, as inflation worries returned and longer-term yields saw their highest levels in almost a year. The Dow Jones Industrial Average was up by 0.1%, the S&P 500 decreased by 0.7%, the Russell 2000 small-capitalization index fell 1.0%, and the NASDAQ Composite was down 1.6%. The 10-year Treasury bond yield rose 13 basis points to 1.33%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,784.25, down 2.19%.

Market Update 2/16/21

Equity markets were up last week. The Russell 2000 Index posted the best performance with a 2.51% gain, followed by the NASDAQ composite (+1.73%), the S&P 500 Index (+1.23%), and the Dow Jones Industrial Average (+1.00%). The 10-year Treasury bond yield rose 4.5 basis points to 1.21%, as Treasury bonds fell slightly for the week. Last week, spot gold closed at $1,824.23, up 0.56%.

Market Update 2/8/21

The major stock market indexes soared higher last week. The Dow Jones Industrial Average gained 3.9%, the S&P 500 Index rose 4.6%, the NASDAQ Composite climbed 6.0%, and the Russell 2000 small-capitalization index increased 7.7%. The 10-year Treasury bond yield rose 10 basis points to 1.168%, as its price weakened. Spot gold closed the week at $1,814.11, down $3.54 per ounce, or 1.82%.

Market Update 2/1/21

Major U.S. indexes pulled back last week, experiencing record trading volumes and high volatility. The Russell 2000 small-capitalization index fell 4.4%, the NASDAQ Composite was down 3.5%, the S&P 500 decreased by 3.3%, and the Dow Jones Industrial Average lost 3.3%. The 10-year Treasury bond yield fell 2 basis points to 1.07%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,847.65, down 0.43%.

The major stock market indexes finished higher last week. The Dow Jones Industrial Average gained 0.6%, the S&P 500 Index rose 1.9%, the NASDAQ Composite climbed 4.2%, and the Russell 2000 small-capitalization index increased 2.2%. The 10-year Treasury bond yield and its price ended the week essentially flat. Last week, spot gold closed at $1,855.61, up $27.16 per ounce, or 1.5%.

Equities were up significantly in the fourth quarter despite a dip in October. Domestic large-cap stocks were the worst performers, but the S&P 500 Index still gained more than 11%. The Russell 2000 small-capitalization index led the pack, gaining more than 30% for the quarter. Value stocks outperformed Growth for the quarter. Emerging markets gained over 18% for the quarter, and international developed stocks rose 15.7%.

The new year brought new highs, with all major U.S. indexes trading at record levels last week. The Russell 2000 small-capitalization index rose 5.92%, the NASDAQ Composite was up 2.43%, the S&P 500 increased by 1.83%, and the Dow Jones Industrial Average gained 1.61%. The 10-year Treasury bond yield rose 20 basis points to 1.12%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,849.01, down 2.60%.

The major stock market indexes finished mixed last week. The Dow Jones Industrial Average gained 1.4%, the S&P 500 Index rose 1.4%, and the NASDAQ Composite increased 0.7%. In contrast, the Russell 2000 small-capitalization index lost 1.5%. The 10-year Treasury bond yield and its price ended the week essentially flat. Last week, spot gold closed at $1,898.02, up $14.59 per ounce, or 0.8%.

The markets saw some selling pressure last week as traders looked to lighten their exposure over the long holiday weekend. That combined with the doubt surrounding the passage of a COVID relief bill resulted in mixed equity markets last week: The S&P 500 fell 0.17%, the Dow Jones Industrial Average gained 0.07%, the NASDAQ Composite gained 0.38%, and the Russell 2000 led performance with a 1.72% gain. The 10-year Treasury bond yield fell 2 basis points to 0.93%, as Treasury bonds rose slightly for the week. Spot gold closed at $1,883.43, up 0.11%.

Stocks traveled north last week, with all major U.S. indexes trading at all-time highs. The NASDAQ Composite was up 3.05%, the Russell 2000 small-capitalization index also rose 3.05%, the S&P 500 increased by 1.25%, and the Dow Jones Industrial Average gained 0.44%. The 10-year Treasury bond yield rose 5 basis points to 0.95%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,881.31, up 2.26%.

The major stock market indexes finished mostly lower last week. The Dow Jones Industrial Average lost 0.6%, the S&P 500 Index fell 1.0%, and the NASDAQ Composite declined 0.7%. In contrast, the Russell 2000 small-capitalization index advanced 1.0%. The 10-year Treasury bond yield fell 7 basis points, and bond prices were up slightly. Last week, spot gold closed at $1,862.73, up $23.87 per ounce, or 1.3%.

The major stock market indexes were up last week, with the Dow and S&P hitting all-time highs. The NASDAQ composite led with a gain of 2.1%, the Dow Jones Industrial Average gained 1.0%, the S&P 500 Index rose 1.7%, and the Russell 2000 gained 2.0%. The 10-year Treasury bond yield rose about 13 basis points, as Treasury bonds fell for the week. Spot gold gained 2.7%. International developed rose 1.2% and emerging markets rose 1.6%, showing a bit more strength.

As pointed out in last week’s Market Update, Thanksgiving week is normally very bullish for the markets. The shortened holiday week followed history in a big way. Each index was up over 2%, and for the first time, the Dow Jones Industrial Average crossed above 30,000!

The major stock market indexes finished mixed last week. The Dow Jones Industrial Average lost 0.7%, the S&P 500 Index fell 0.8%, the NASDAQ Composite rose 0.2%, and the Russell 2000 small-capitalization index rose 2.4%. The 10-year Treasury bond yield fell 7 basis points, and bond prices were up slightly. Last week, spot gold closed at $1,870.99, down $18.21 per ounce, or 0.96%.

The major stock market indexes were mostly up this week, responding to positive news about the development of a COVID-19 vaccine.

Market Update 11/9/20

As Election Day turned into election week, the major indexes rallied, experiencing weekly gains not seen since April. The NASDAQ Composite surged 9.0%, the S&P 500 gained 7.3%, the Dow Jones Industrial Average was up 6.9%, and the Russell 2000 small-capitalization index increased 6.9%. The 10-year Treasury bond yield fell 5 basis points to 0.82%, as Treasury bonds rose for the week. Last week, spot gold closed at $1,951.35, up 3.86%.

The major stock market indexes finished to the downside last week. The Dow Jones Industrial Average lost 6.5%, the S&P 500 Index fell 5.6%, the NASDAQ Composite slipped 5.5%, and the Russell 2000 small-capitalization index lost ground at a 6.2% rate. The 10-year Treasury bond yield rose 3 basis points, causing Treasury bonds generally to fall. Last week, spot gold closed lower at $1,878.81, down $23.24 per ounce, or 1.2%.

In 1999, I began working with writer Susan Ward at the weekly financial news magazine Barron’s to produce a series of columns on Flexible Plan Investments’ (FPI’s) Political Seasonality Index (PSI).

The major stock market indexes were mixed last week. The NASDAQ was down 1.1%, the S&P 500 Index fell 0.5%, the Dow Jones Industrial Average fell 1.0%, and the Russell 2000 gained 0.4%. The 10-year Treasury bond yield rose about 10 basis points, as Treasury bonds fell slightly for the week. Last week, spot gold rose slightly, gaining 0.2%.