Quick Takes Stocks closed the week with another late-week strong rally following the passage of a debt ceiling bill by the Senate late Thursday and a much stronger-than-expected May employment report on Friday. The S&P 500 gained +1.8%, the Nasdaq was up +2.0%,...
Quick Takes Stocks closed the week with a strong rally on Friday on the prospect that a debt-ceiling deal has been reached and can be passed in the coming days. Stocks were led by the tech-heavy Nasdaq Composite index which was up +2.5% for the week and the S&P...
Quick Takes Stocks had decent gains for the week but ended on a down note Friday after debt ceiling negotiations stalled. The S&P 500 gained +1.7% for the week, the small cap Russell 2000 was up +1.9%, and the tech-heavy Nasdaq Composite jumped +3%. Treasury bonds...
Quick Takes Earnings season wrapping up leaving markets more focused on the economy, the banking system, the Fed, and the debt ceiling. Consumer sentiment and business optimism both fell more than expected indicating pessimism for those major issues. Markets were...
Quick Takes As widely expected, the Fed raised its federal-funds rate for a tenth consecutive time with a quarter point hike that put the benchmark interest rate in a range of 5%-5.25%. The Fed signaled they might be ready to pause raising rates now in what was a...
Key Points Growth Slowing: U.S. economic growth cooled in the first quarter amid stubbornly high inflation and rising interest rates. Real Gross Domestic Product (GDP), a measure of the value of all the goods and services produced in the U.S., expanded at a lackluster...
Quick Takes Stocks and bonds finished April strong, rebounding in the final week after losses the prior week. Stronger-than-expected earnings reports helped stocks advance and the biggest weekly drop in Treasury yields since mid-March helped bonds rise. Recession...
Quick Takes Investors continue to juggle the health of the banking sector, the Fed’s next move in its fight with inflation, and recession odds. But economic and earnings are sending mixed signals leaving markets in a narrow trading range thus far in April....
Quick Takes Inflation concerns, bank stress, and odds for a deep recession all faded during the week which helped stocks get back in the winning column. For the week the S&P 500 gained +0.8%, the small cap Russell 2000 rose +1.5%, and the Nasdaq Composite added...
Quick Takes Stocks ended a three-week win streak and bonds marked a three-week win streak. The S&P 500 Index slipped -0.1% and the Bloomberg US Aggregate Bond Index was up +0.5%. The stock market was closed for Good Friday, but the bond market was open for part of...
