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December 3, 2021Like

Dow Leads Rebound As U.S. Avoids Government Shutdown

Hi Everyone, With the wild swings in the Treasury market in mind, it is no surprise that the main sectors diverged substantially again, even though all of the sectors closed the day in the green. Cyclical issues shined throughout the day, and financials, energy stocks, materials, industrials, and even real
December 2, 2021Like

Stocks Hammered As U.S. Confirms First Omicron Case

Hi Everyone, While all of the main sectors sported healthy gains at midday, stocks suffered heavy losses later in the session, and apart from utilities, all sectors closed the day in the red. Tech stocks, consumer discretionaries, and communication services took the biggest hit, with some of the most virus-sensitive
December 1, 2021Like

Stocks Spiral Lower As Fed Chair Shocks Markets

Hi Everyone, The main sectors all finished the volatile day lower, and nearly all sectors dropped by more than 1%, as the Fed-induced intraday selloff put pressure on stocks across the board. Communication services, industrials, energy stocks, and financials led the way lower, with consumer staples, materials, and consumer discretionary
November 30, 2021Like

Nasdaq Leads Snap-Back Rally On Wall Street

Hi Everyone, The main sectors all finished in the green thanks to the broad-based afternoon rally, but the performance of the sectors was far from uniform. Tech stocks, utilities, consumer discretionaries, communications services, and the real estate sector all pulled their weight, with each sector adding nearly 2.5%, on average.
November 24, 2021Like

Tech Stocks Tumble As Yields Continue To Surge

Hi Everyone, There were huge differences between the main sectors again, with the cyclical-tech divide being as apparent as ever. Energy stocks roared higher thanks to the rally in the price of crude oil, while financials, materials, and real estate stocks also showed relative strength as Treasury yields played a
November 23, 2021Like

Stocks Turn Volatile As Treasury Yields Surge

Hi Everyone, The main sectors diverged substantially again amid the wild swings in Treasury yields, continuing last week’s trends. Cyclical issues gathered relative strength as the day progressed, with energy stocks, materials, and financials all pulling their weight. Industrials and utilities trod water, while communication services, tech stocks, and the
November 19, 2021Like

Tech Giants Jump But Dow Remains Under Pressure

Hi Everyone, Nearly all of the main sectors closed the day in the red, despite a bullish overnight session in risk assets, and consumer-related stocks once again weighing heavily on the large-cap benchmarks. Tech stocks, on the other hand, showed relative strength throughout the day, with communications services and real
November 18, 2021Like

Cyclical Stocks Drop As Oil Hits Five-Week Low

Hi Everyone, All of the main sectors closed the day in the red despite a mixed morning session in stocks, as cyclical issues and small-caps weighed on the broader market. The financial sector was under pressure due to the pullback in Treasury yields and the selloff among payment providers such
November 17, 2021Like

Stocks Near All-Time Highs As Retail Sales Soar

Hi Everyone, Consumer discretionaries, tech stocks, and the healthcare sector led the way higher today, with energy stocks, financials, and industrials also eking out gains, but several sectors lagged again. Materials, real estate stocks, consumer staples, communication services, and utilities all closed the session in the red, and the most
November 16, 2021Like

Stocks Tread Water Ahead Of Key Retail Report

Hi Everyone, The main sectors diverged substantially once again, with several sectors losing ground later in the session. Energy stocks, defensive utilities, and consumer staples showed relative strength in afternoon trading, while financials and industrials also performed slightly better than the major indices. The tech sector was under pressure due
November 10, 2021Like

Stocks Break Winning Streak As Tesla Craters

Hi Everyone, The main sectors continued to diverge today amid the wild swings in Treasury yields, with the financial sector being hit especially hard by the drop in rates. The consumer discretionaries sector fared even worse due to Tesla’s (TSLA, -12.3%) slump, with healthcare stocks and materials also weighing on
November 9, 2021Like

Stocks Tick Higher Ahead Of Inflation Data

Hi Everyone, The key sectors diverged substantially again, as surging Treasury yields and the passing of President Biden’s infrastructure package helped shape the market. Materials, energy stocks, financials, industrials, and the tech sector outperformed the large-cap benchmarks, but the indices still did not make much progress. The rate-sensitive utilities sector
November 5, 2021Like

Nasdaq Nears 16K As Treasury Yields Plunge

Hi Everyone, The main sectors diverged substantially today, with only tech stocks and consumer discretionaries registering sizable gains thanks to the sharp drop in Treasury yields. Industrials and communication services also showed relative strength. Financials, utilities, and healthcare stocks were hit hard, with all three sectors shedding roughly 1% on
November 4, 2021Like

Stocks Set New Records As Fed Dials Back Stimulus

Hi Everyone, The main sectors diverged substantially today ahead of the Fed’s announcements, as investors digested strong economic numbers and wild swings in Treasury yields and commodities, but the post-Fed rally lifted stocks across the board. Consumer discretionaries continued their impressive rally, while materials, financials, healthcare stocks, and consumer staples
November 3, 2021Like

Bullish Earnings Send Dow Over 36,000

Hi Everyone, The main sectors finished the day mixed despite the new all-time highs at the level of the major indices, with several sectors registering small gains. Tech stocks, communication services, industrials, and the healthcare sector closed about 0.3% higher, while real estate stocks, financials, and materials trod water. The
November 2, 2021Like

Rally Continues As Small-Caps Soar

Hi Everyone, Apart from communication services, all of the main sectors closed the day in the green, and that, together with the relative strength of small-caps, made today’s session a clearly bullish one “under-the-hood.” Energy stocks and consumer discretionaries were among the strongest issues, but industrials and financials also pulled
October 27, 2021Like

Stocks Hit New Highs Again But Facebook Tumbles

Hi Everyone, Even though nearly all of the main sectors gained ground in the first hours of trading, the rally ran out of steam in the afternoon, as many traders took a step back ahead of the highly-anticipated mega-cap tech earnings. The defensive utilities and healthcare stocks enjoyed inflows later
October 26, 2021Like

Bull Run Continues As Tesla Skyrockets

Hi Everyone, All of the main sectors closed the day in the green thanks to a slow but steady intraday rally in stocks, with risk-on issues outperforming defensive stocks throughout the day. Materials, consumer discretionaries, tech stocks, and the energy sector all pulled their weight, but, on a cautionary note,

Contact The Pinnacle Financial Group

At The Pinnacle Financial Group, we have provided sound risk management advice to individuals and businesses in New York and Connecticut for two decades. We understand the critical role insurance planning plays in securing your financial future and protecting your family. We will carefully explain your options and the different strategies available to you so that you can make the right decisions for you and your loved ones.

To schedule a free initial consultation, call our offices at 516-763-9700 or complete the form provided below.

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Pinnacle Group

9 South Long Beach Road
Rockville Centre, NY 11570

 

516.763.9700
Fax: 516.763.9706

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