Key Points SHARP BUT SHORT – August began with a sharp selloff that resulted in the deepest drawdown for the S&P 500 in 2024 and put the tech-heavy Nasdaq in correction territory. However, it was relatively short-lived, and by the middle of the month, most...
Quick Takes September has historically been the worst month of the year for equities, and 2024 is living up to that reputation so far. The S&P 500 ended the week down -4.3%, its worst week since March 2023. The Nasdaq fell even more, down -5.8%, while the Russell...
Quick Takes Reassuring growth and inflation data left stocks and bonds mixed for the week but up for the month of August. The S&P 500 Index inched up +0.2% for the week, and finished August up +2.3%, its fourth straight monthly gain. Second quarter GDP was...
Quick Takes Stock and bond investors received the green light from Federal Reserve Chairman Jerome Powell and sent markets higher. Powell made the case that the time had come for a shift to less restrictive monetary policy and essentially guaranteed a rate cut in...
Quick Takes A trifecta of low inflation readings sets the stage for the Federal Reserve to cut interest rates in mid-September. Wholesale inflation, consumer inflation, and import prices were all relatively soft and helped rekindle investor confidence after the sharp...
Quick Takes It was a wild week in the markets, but in the end stocks and bonds were little changed. Global stocks were rocked on Monday, with the S&P 500 suffering its worst one-day decline since September 2022. But Thursday had its best one day gain since...
