Take a look at last week’s market recap from Joe Gallemore, CIMA® Partner & Director of Investment Management for Argent Bridge Advisors. Watch the video now!

Joe’s Notes:

• Markets were up across the board last week and the S&P 500 now sits at +18.4% for the year.  Small caps are at +12.4%, International stocks are +9.3%, and bonds are clawing their way back to positive at -0.75% this year.
• One reason for the positive week was lots of earnings reports beating expectations. From Crocs sandals to Coca-Cola, to Hasbro (the maker of children’s toys), many companies are reporting profits at or above those from 2019… which is an important measure since last year was such an exceptional data point.
• Also, two airlines, American and Southwest, reported profits… so it was good to see a glimmer of light in one of the hardest-hit industries.
• This week, some major tech companies report earnings… names like FB, GOOGL, AAPL, and MSFT.   Since these are some of the biggest components of the S&P 500, positive numbers from them could boost returns this week.