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...
Quick Takes Stocks ended their worst week in a month as concerns that Israel’s conflict with Hamas could escalate into a wider Middle East war weighed on investors. The S&P 500 Index fell -2.4% on the week, closing below its 200-day moving average—a key...
Quick Takes Hamas terrorists launched the deadliest attack on Israel in its history on Saturday, October 7. Within hours of the surprise attack, Prime Minister Netanyahu declared, “Israel is at war.” The conflict has the potential to become a proxy war between the...
Quick Takes Friday’s employment report for September showed 336,000 Non-Farm Payrolls (NFP) were added in the month, nearly twice what Wall Street was expecting. However, wage growth was up only modestly, and labor participation was steady. The S&P 500 broke a...
Key Points Yields Rise Sharply The big story for capital markets in September was the steady march higher in government bond yields, particularly those at the long end of the curve. The benchmark 10-year U.S. Treasury yield saw the sharpest monthly rise since...
