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PGWM, LLC
- Dec 18, 2020
- 9 min
Lack of a Fiscal Deal Weighs on Sentiment
U.S. equities finished lower on the day, but were able to squeak out weekly gains for all the major indexes, as the vaccine optimism that has driven stocks to fresh record highs was countered by Congress' struggle to pass a fiscal relief and government funding deal with a shutdown hours away. An elusive Brexit trade deal ahead of the rapidly approaching year-end deadline also weighed on sentiment, as well as the persistent rise in virus cases. In equity news, FedEx's Q2 resul
30

PGWM, LLC
- Dec 11, 2020
- 10 min
Markets Finish Mixed, but Snap Weekly Winning Streak
U.S. equities pared early losses to finish mixed, but snapped a weekly winning streak, as Congress passed a stopgap spending bill to avert a shutdown of the federal government. However, dampened expectations of a U.S fiscal deal and a Brexit trade deal between the U.K. and European Union kept sentiment lower, overshadowing any lingering vaccine optimism. On the equity front, Dow member Walt Disney provided upbeat subscriber guidance, the FDA said it is trying for a quick Emer
70

PGWM, LLC
- Dec 4, 2020
- 9 min
Markets Post Second-Straight Week of Gains
U.S. equities finished higher, marking a second-straight week of gains, while notching fresh record highs along the way. Vaccine optimism continued to be the main catalyst, while hopes for fiscal relief measures resurfaced to also lend a hand. Today's November nonfarm payroll report garnered attention and appeared to buoy the fiscal relief optimism, as job growth missed noticeably and the report offered some somber data on permanent job losses and long-term unemployed. Treasu
60
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