Quick Takes Stocks closed the week with a strong rally on Friday on the prospect that a debt-ceiling deal has been reached and can be passed in the coming days. Stocks were led by the tech-heavy Nasdaq Composite index which was up +2.5% for the week and the S&P...
Quick Takes Stocks had decent gains for the week but ended on a down note Friday after debt ceiling negotiations stalled. The S&P 500 gained +1.7% for the week, the small cap Russell 2000 was up +1.9%, and the tech-heavy Nasdaq Composite jumped +3%. Treasury bonds...
Quick Takes Earnings season wrapping up leaving markets more focused on the economy, the banking system, the Fed, and the debt ceiling. Consumer sentiment and business optimism both fell more than expected indicating pessimism for those major issues. Markets were...
Quick Takes As widely expected, the Fed raised its federal-funds rate for a tenth consecutive time with a quarter point hike that put the benchmark interest rate in a range of 5%-5.25%. The Fed signaled they might be ready to pause raising rates now in what was a...
Key Points Growth Slowing: U.S. economic growth cooled in the first quarter amid stubbornly high inflation and rising interest rates. Real Gross Domestic Product (GDP), a measure of the value of all the goods and services produced in the U.S., expanded at a lackluster...
Quick Takes Stocks and bonds finished April strong, rebounding in the final week after losses the prior week. Stronger-than-expected earnings reports helped stocks advance and the biggest weekly drop in Treasury yields since mid-March helped bonds rise. Recession...
