Market Commentary

S&P 500:                             May    +5.15%                     YTD    +10.73% DOW:                                   May    +2.78%                     YTD    +6.18% NASDAQ:                           May    +8.36%                     YTD    +16.05% Russell 2000:                    May    +4.27%                     YTD    +17.62% May trading ended with software stocks reversing their downtrend

The market witnessed the month of March retreat into negative territory for 2026. On the last trading day of the month, markets bounced off the lows and powered higher through April after a sideways start. The S&P 500 hit a new high April 30th and has continued to climb into the first full trading week

March turned in a negative, volatile month for the market. April kicked off with a continuation, pushing the averages lower. The war in Iran escalated the downward pressure on the market. Crude oil hit $111.54 per barrel at the end of March. Prices at these levels were last seen in June 2022. As goes oil,

The DOW and Russell 2000 indices had an early bump higher in February to begin the month. Gains were promptly given up before the first week’s trading was finished. The S&P 500 traded meekly out of the chute before heading lower. The NASDAQ retreated right away to start February and continued on that trend. Trading

The month of January witnessed the averages finish positively to begin the year. The Russell 2000 (the small-cap index) turned in a stellar month. The index is essentially playing catch-up to the other averages. The NASDAQ eked out a gain, but investment dollars were moving and hunting away from The Magnificent Seven and Technology. Energy,

December didn’t develop a Santa Claus rally. The S&P 500, NASDAQ and Russell 2000 finished in the red. The DOW turned in a positive print for the month. Markets finished positively, with double-digit gains, for a third straight year. This has only happened six times since the 1940s. AI enthusiasm drove the 2025 positive market

November was an atypical bumpy ride that witnessed the indices go nowhere. The Technology sector retreated, giving back gains from September and October. The market oversold, and the rally began just before the shortened holiday trading week. The NASDAQ composite regained almost three quarters of its pullback. Trading in concentrated holdings from hedge funds distorted

October was a relatively quiet month, finishing on the plus side across all four indices. Mid-month saw the markets give back about 3% after hitting new highs. The pullback didn’t last but 3 trading sessions, and then the market promptly resumed its upward climb to new highs. The Gold rush cooled off, seeing outflows of

The S&P 500 climbed higher for three weeks in September. A pullback of 1.3%, over four trading days, couldn’t derail the momentum. The month finished by recouping the four-day swoon. The sector performance was mixed, again tilting to a concentration in Technology (+7.21%). Communication Services (+5.53%) and Utilities (+3.98%) round out the top sector gainers.