Quick Takes It was a mixed week for the major U.S. stock indexes, with the S&P 500 Index snapping a three-week win streak, falling -0.6%, while the small cap Russell 2000 Index recorded a second consecutive week of underperformance against the S&P 500,...
Quick Takes The economic highlight of the week was the November Employment Situation Report which showed nonfarm payrolls grow by 227,000 for the month. That was solid enough for economic growth but not so hot to prevent the Fed from cutting rates again in December. ...
Key Points STRONGER THAN EXPECTED The Fed began a rate-cutting cycle in September but may need to recalibrate the pace and magnitude of cuts due to stronger-than-expected economic growth and inflation. Recent upward pressure on prices may necessitate a more gradual...
Quick Takes It was a holiday-shortened week on Wall Street, but stocks and bonds were able to make solid gains. The benchmark S&P 500 Index rose +1.0% and ended at a record close, while the Bloomberg U.S. Aggregate Bond Index rose +1.4% for the week. Not all...
Quick Takes Stocks rallied last week, largely wiping out the prior week’s losses. The S&P 500 Index and the Nasdaq Composite Index gained about +1.7% for the week, but small cap stocks were the big winners, with the Russell 2000 Index jumping +4.5%. The U.S....
Quick Takes Wall Street suffered its worst weekly performance since early September and has now fallen in three of the last four weeks. The S&P 500 Index fell -2.1% last week after jumping +4.1% the week before. Election euphoria faded as attention returned to the...
