Quick Takes It was a wild week in the markets, but in the end stocks and bonds were little changed. Global stocks were rocked on Monday, with the S&P 500 suffering its worst one-day decline since September 2022. But Thursday had its best one day gain since...
Key Points ROTATION – Virtually all major asset classes saw gains in July, but the big story was a significant rotation in market leadership. Small cap stocks outperformed large cap stocks, and value stocks outperformed growth stocks at magnitudes not seen on a...
Quick Takes It was a definitive risk-off week, as a combination of disappointing earnings, weaker-than-expected economic reports, and specifically a stinker of a nonfarm payrolls report sent stocks reeling and bonds soaring. The S&P 500 Index fell -2.1% for the...
Quick Takes The market rotation from large cap and growth stocks to small cap and value stocks continued for a third straight week. The S&P 500 had its worst day of the year on Wednesday on the way to a -0.8% drop for the week, and the Nasdaq fell -3.6% on...
Quick Takes For a second straight week, market leadership shifted from large cap and growth stocks to small cap and value stocks. The S&P 500 had its worst week since April 19, falling -2.0%, and the tech-heavy Nasdaq Composite was down -3.7%, while the Russell...
Quick Takes Last week was marked by a rather sudden and sharp trend reversal on Thursday. Large cap and growth stocks have dominated small cap and value stocks for more than a year, but that reversed abruptly last week with big outperformance by small cap and value...
Key Points HERE WE GO AGAIN – The Magnificent 7 are back and stronger than ever. Apple, Amazon, Alphabet (Google), Meta Platforms (Facebook), Microsoft, NVIDIA, and Tesla are once again collectively, and almost solely, driving equity returns. In the first half...
Quick Takes Major stock indices were mostly higher in a quiet, holiday-shortened week. The S&P 500 and Nasdaq finished at record highs, up 2.0% and +3.5%, respectively. However, the small cap Russell 2000 slipped -1.0%, and value indices fell as well. Hopes for...
Quick Takes In a mostly quiet week of news and trading, most stocks saw slight gains. The S&P 500, Nasdaq, and Russell 2000 saw gains of +0.3%, +1.0%, and +0.8%, respectively. Overseas, stocks were mixed, with the MSCI EAFE up +0.3% while the MSCI Emerging Markets...
Quick Takes It was a give-and-take week for U.S. stocks as the S&P 500 and Nasdaq opened the week with two days of fresh record highs, then dropped the final two days of the week with losses. Still, the S&P was able to keep a three-week win streak, but the...
