Weekly Commentary

Markets Shrug Off Debt Levels

The level of US debt, already elevated before COVID-19 hit, skyrocketed as Congress put into place much needed fiscal stimulus in response to the pandemic, and it may jump again as the Biden administration targets its stimulus goals. ...

Small Caps Still Solid

Small caps have had an incredible run since the Russell 2000 Index bottomed on March 18, 2020, returning 119% compared to the S&P 500 Index's 60% return over the period. ...

Market-Friendly Election Outcome

Heading into the election, polling data and market signals disagreed on how close the presidential election would be, with market signals calling the race much closer-which turned out to be accurate. ...