Weekly Market Update – November 15, 2024
Quick Takes Wall Street suffered its worst weekly performance since early September and has now fallen in three of the last four weeks. The S&P 500 Index fell -2.1% last week after jumping +4.1% the week before. Election euphoria faded as attention returned to the...
Monthly Market Update – October 2024
Key Points STREAKS ARE OVER – October saw the end of a five-month winning streak for U.S. stocks, an end to a five-month streak of declines for U.S. Treasury yields, and interrupted a three-month streak of declines for the U.S. Dollar Index. ZOMBIES VANISHING...
Weekly Market Update – November 8, 2024
Quick Takes A quick and decisive victory by President-elect Donald Trump fueled a strong rally for U.S. stock last week. The S&P 500 Index was up +4.7%, its best week in a year, and the small cap Russell 2000 Index was up +8.6%, its best since April 2020. Concerns...
Weekly Market Update – November 1, 2024
Quick Takes Weakening labor data and skepticism about artificial intelligence (AI) capital expenditures resulted in a second straight losing week for the headline S&P 500 Index. The S&P 500 fell -1.4% after slipping -1.0% the prior week, its first two-week...
Weekly Market Update – October 25, 2024
Quick Takes U.S. stocks ended their longest weekly winning streak of the year as the S&P 500 slipped -1.0% last week, ending six positive weeks. The small cap Russell 2000 was down -3.0%, but the Nasdaq Composite was able to buck the trend and eke out a small gain...
Weekly Market Update – October 18, 2024
Quick Takes The U.S. stock market concluded its sixth straight week of gains, with the S&P 500 closing at a record high. The S&P 500 Index rose +0.9% for the week, setting its 47th record close of the year. Last week’s advance was driven by a combination...
Weekly Market Update – October 11, 2024
Quick Takes U.S. stocks extended their win streak to five weeks for the first time since May. The benchmark S&P 500 Index also closed above the 5,800 point milestone for the first time on its way to another all-time high and a +1.1% gain for the week. Treasury...
Monthly Market Update – September 2024
Key Points GOING BIG – Investors were pleasantly surprised by the Federal Reserve initiating the first rate cutting cycle since 2020 with a jumbo-sized 50 basis point cut. Markets had been expecting a more typical 25 bps cut. It is only the third time in modern...