Quick Takes Most stocks outside the Technology sector were flat to down as minutes from the Federal Reserve’s May meeting raised concerns of persistent inflation, indicating the central bank may not cut interest rates anytime soon. The S&P 500 and Nasdaq indexes...
Quick Takes Global stocks continued their win streak, now four straight weeks, as the “Sell in May and Go Away” historical period is clearly not playing out in 2024. The S&P 500 gained +1.5% for the week, while the Nasdaq was up +2.1%, and the Russell 2000 was up...
Quick Takes Global stocks are riding a three-week win streak despite entering the historically challenging “Sell in May and Go Away” period. The S&P 500 gained +1.9% for the week, while the Nasdaq and Russell 2000 were up +1.1% and +1.2% respectively. Yields were...
Key Points FEAR & GREED HITS 6-MONTH LOW One down month after five up months isn’t the end of the world, but it did spark some fear. Stock Market Fear & Greed Index drops to lowest level since November 1. The low in the Fear & Greed Index coincided with...
Quick Takes Global stocks and bonds rallied last week, with investors very encouraged by dovish comments from Fed Chairman Jerome Powell and an April employment report that struck Goldilocks tones with slower jobs growth and weaker wage increases. The S&P 500...
Quick Takes Global stocks snapped a string of weekly losses, but bonds continued their decline. Stocks seemed buoyed by upbeat earnings and were able to shrug off stubbornly high inflation data. However, bonds couldn’t ignore the hot inflation data and slower economic...
Quick Takes Stocks and bonds continued to decline for a third straight week, as inflationary economic data, concerns over tensions in the Middle East, and poor earnings from chipmaker stocks weighed on investor sentiment. The S&P 500 fell -3.1%, the Nasdaq dropped...
Quick Takes Stocks and bonds struggled for a second straight week, which can be chalked up to accelerating inflation data, rising geopolitical conflicts, and concerns that the just-beginning first-quarter earnings season will fail to impress. The S&P 500 fell...
Key Points MORE THAN JUST THE MAGNIFICENT 7 March witnessed a welcome broadening of returns and earnings. 2023 market leadership was totally dominated by a narrow group of mega cap technology stocks, the so-called Magnificent 7. Fortunately, both returns and earnings...
Quick Takes U.S. stocks and bonds struggled as signs of stronger manufacturing and a robust jobs market have investors concerned that the Fed may not deliver the three rate cuts the Fed forecasts indicate. The S&P 500 fell -0.95%, the Nasdaq was down -0.8%, and...
