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...
Key Points ROTATION – Virtually all major asset classes saw gains in July, but the big story was a significant rotation in market leadership. Small cap stocks outperformed large cap stocks, and value stocks outperformed growth stocks at magnitudes not seen on a...
Quick Takes It was a definitive risk-off week, as a combination of disappointing earnings, weaker-than-expected economic reports, and specifically a stinker of a nonfarm payrolls report sent stocks reeling and bonds soaring. The S&P 500 Index fell -2.1% for the...
Quick Takes The market rotation from large cap and growth stocks to small cap and value stocks continued for a third straight week. The S&P 500 had its worst day of the year on Wednesday on the way to a -0.8% drop for the week, and the Nasdaq fell -3.6% on...
Quick Takes For a second straight week, market leadership shifted from large cap and growth stocks to small cap and value stocks. The S&P 500 had its worst week since April 19, falling -2.0%, and the tech-heavy Nasdaq Composite was down -3.7%, while the Russell...
Quick Takes Last week was marked by a rather sudden and sharp trend reversal on Thursday. Large cap and growth stocks have dominated small cap and value stocks for more than a year, but that reversed abruptly last week with big outperformance by small cap and value...
