Key Points HERE WE GO AGAIN – The Magnificent 7 are back and stronger than ever. Apple, Amazon, Alphabet (Google), Meta Platforms (Facebook), Microsoft, NVIDIA, and Tesla are once again collectively, and almost solely, driving equity returns. In the first half...
Quick Takes Major stock indices were mostly higher in a quiet, holiday-shortened week. The S&P 500 and Nasdaq finished at record highs, up 2.0% and +3.5%, respectively. However, the small cap Russell 2000 slipped -1.0%, and value indices fell as well. Hopes for...
Quick Takes In a mostly quiet week of news and trading, most stocks saw slight gains. The S&P 500, Nasdaq, and Russell 2000 saw gains of +0.3%, +1.0%, and +0.8%, respectively. Overseas, stocks were mixed, with the MSCI EAFE up +0.3% while the MSCI Emerging Markets...
Quick Takes It was a give-and-take week for U.S. stocks as the S&P 500 and Nasdaq opened the week with two days of fresh record highs, then dropped the final two days of the week with losses. Still, the S&P was able to keep a three-week win streak, but the...
Quick Takes The theme for the week was easing inflation, as several inflation reports came in below Wall Street expectations. Consumer prices, wholesale prices, and import prices were all lower than expected. At the same time, however, Fed policy makers indicated a...
Quick Takes Last week’s economic data was mostly disappointing, but on Friday morning, the Labor Department reported an unexpectedly strong addition of 272,000 new Nonfarm Payrolls in May, as well as higher than expected Wage growth. The strong jobs data caused yields...
