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Weekly Market Recap

US equities started strong on Monday and finished strong on Friday, but the 3 days in between were challenging and left all major US indices in the red for the week. Escalating covid-19 case counts in the US and potential trade disruptions from new lockdowns in China caused investors to reign in risk. Among US […]

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Weekly Market Recap

It was a good week for most large caps last week, as the S&P 500 and the Dow both closed at fresh all-time highs on Friday. The Nasdaq pulled back slightly on some softness in biotech. Small and midcap stocks were mixed, as were international markets.

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Second Quarter 2021 – Quarterly Letter

Read all archived copies of the quarterly letter in our Learning Center

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Weekly Market Recap

Equities moved modestly higher around the world last week, with gains in the 1% range across market caps and geographies. A steeper yield curve benefitted financials, which delivered the best return amongst S&P 500 sectors at +3.6% on the week. All other sectors finished in positive territory with the exception of consumer staples, which was […]

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Weekly Market Recap

Large cap indices finished lower last week, although performance was quite mixed across sectors. Amazon fell 9% on the week after issuing a revenue forecast that disappointed investors, dragging the consumer discretionary sector to a return of -2.6%. Cyclicals like basic materials (+2.8%), energy (+1.7%), and finance (+0.8%) outperformed, as did domestic small and midcap […]

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Weekly Market Recap

“Equities bounced back last week despite surging covid-19 cases in many parts of the world.”

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Weekly Market Recap

Last week was a challenging one for most risk assets, as investors recalibrated their global growth expectations in the face of the rapidly spreading delta variant of SARS-CoV-2. In the US, large cap stocks were mostly lower, with only traditional defensives like utilities (+2.6%) , staples (+1.3%), and real estate (+0.7%) registering small gains. Cyclicals […]

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Weekly Market Recap

Bit of a mixed bag last week, as most US large caps finished higher (exceptions included financials and energy), while small/midcaps and international stocks pulled back a bit. Bond markets rallied and commodities were slightly lower as concerns lingered regarding the delta variant’s impact on global growth. Meanwhile, the US labor market continues to improve, with lots of jobs available while new and continuing jobless claims edge lower week by week.

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Weekly Market Recap

Equities were higher across the board last week, as market participants became more comfortable with the prospect of a first rate hike taking place sometime in late 2022. All sectors of the S&P 500 posted gains, led by cyclicals including energy (+6.7%), financials (+5.3%), and industrials (+3.1%). Defensive sectors lagged the rally, including healthcare, consumer […]

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ESG Investing

Albion Senior Portfolio Manager Michael Kessler delivers our ongoing thinking on ESG investing. He shares observations on the growing popularity of this investment style, from millennial investors to institutions and hedge funds. WATCH the video to learn about recent David-versus-Goliath boardroom drama at Exxon Mobile. LISTEN to the audio version of the presentation.