Quick Takes As expected, the Federal Reserve paused its rate hiking cycle after 10 consecutive hikes going back to January 2022. However, the latest projections put the federal funds rate at 5.6% which would imply one or two more hikes from the current 5% to 5.25%...
Quick Takes The S&P 500 made modest gains to keep a four-week win streak alive but also climbed +20% above its mid-October lows to start a new bull market. It was also a notable week for broadening market gains, with small-caps outperforming large-caps, value...
Key Points The Haves and Have Nots Most major asset classes declined in May, including most global equity indices. However, a select few U.S. large-cap technology-oriented stocks were able to keep the S&P 500 Index in positive territory (up +0.4% in May, for a...
Quick Takes Stocks closed the week with another late-week strong rally following the passage of a debt ceiling bill by the Senate late Thursday and a much stronger-than-expected May employment report on Friday. The S&P 500 gained +1.8%, the Nasdaq was up +2.0%,...
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...
