Quick Takes Midweek, the Fed released the minutes from its FOMC monetary policy meeting that ended on February 1, and it showed policymakers remain steadfast in their use of higher interest rates to battle inflation. A flurry of economic reports later in the week...
Quick Takes Stocks were mixed and bonds were down for the week as inflation pressures reemerged as consumer and wholesale inflation showed some hotter-than-expected prices and retail sales came in stronger-then-expected. For the week, the S&P 500 index slipped...
Quick Takes Global stocks and bonds suffered their worst week of 2023 as investors’ concerns jumped between Fed monetary policy and slowing economic and earnings growth. During the week, several Fed policymakers maintained their intention to keep rates higher for...
Key Points After one of the most difficult years for virtually all asset classes in 2022, investors welcomed a broad-based rally in the first month of 2023. Every major asset class saw solid returns in January ranging from +3% to +10%. The January rally added to the...
Quick Takes The January employment report surprised markets with job gains more than twice the level Wall Street was expecting. 517,000 jobs were added in January, more than double the expectations of 190,000, and December’s figure was revised higher to 260,000 from...
Quick Takes All major stock indices were up for the week with the S&P 500 and Russell 2000 both on pace for their best January since 2019. The tech-heavy Nasdaq Composite was able to stay positive for a fourth straight week and is on pace for its best January...
