Quick Takes Investors appear to be betting that there will be sufficient economic strength for the U.S. to skirt a recession but not too much strength that the Fed will have to remain restrictive with monetary policy. That helped the S&P 500 and Nasdaq advance for...
Key Points November to Remember Like the ’70s hit single “Every 1’s a Winner”, virtually all major asset classes had their groove on in November, and everybody was a winner. The collective cross-asset return for eight major asset classes was the second-strongest...
Quick Takes The S&P 500 Index gained +0.8% for the week, its fifth straight weekly gain. The Nasdaq is also on a five-week win streak after gaining +0.4% last week. The small-cap Russell 2000 Index jumped +3.1% for a three-week win streak. The MSCI EAFE Index was...
The Internal Revenue Service (IRS) has tweaked the rules for Form 1099-K, and here’s the scoop! This adjustment comes after getting feedback from taxpayers, tax pros, and payment processors. The goal? Less confusion. The IRS has hit the pause button on the new...
Quick Takes U.S. stocks have been positive for every week in November. The S&P 500 was up +1.0% last week, putting it on course for the best month since July 2022. The Nasdaq Composite Index was up +0.9%, and the small-cap Russell 2000 Index advanced +0.5%. After...
Quick Takes Investors celebrated last week following Tuesday’s release of the Consumer Price Index (CPI) for October showed lower consumer inflation than Wall Street expected. Wholesale inflation was also softer than expected, and Retail Sales fell for the first time...
Quick Takes Stocks were mixed last week, with the Nasdaq up +2.4% and the S&P 500 Index up +1.3. But the small-cap Russell 2000 sank -3.2%, and the MSCI EAFE Index (developed market international stocks) slipped -0.9%. Tech and Growth stocks surged while Energy...
Key Points Yields Touch 5% The benchmark 10-year U.S. Treasury yield rose for the sixth-straight month, and towards the end of October, it crossed 5% for the first time in 16 years. Treasury yields play a big role in determining borrowing costs across the economy and...
Quick Takes Stocks rallied sharply higher over the week. The S&P 500 Index rebounded +5.9%, the Nasdaq jumped +6.6%, and Russell 2000 surged +7.6%. For the S&P and Nasdaq, it was the best week since November 2022, and for the Russell, it was the best week...
Quick Takes The S&P 500 Index fell -2.5% on the week, remaining well below its 200-day moving average—a key technical level—and joining the Nasdaq and Russell 2000 indexes in correction territory (a more-than-10% drop from the closing highs on July 31). The...
