Quick Takes Stocks rallied last week, sparked by a surprise U.S. and China trade truce before the U.S. markets opened on Monday. The world’s two largest economies will see most of the dramatically high tariff rates implemented in early April suspended for 90 days. The...
Quick Takes BREAKING: In the early hours of Monday, the U.S. and China announced preliminary details on an agreement to temporarily cut tariffs for a 90-day period while further negotiations are established. U.S. tariffs on Chinese goods will be cut from 145% to 30%;...
Key Takeaways A TALE OF TWO MONTHS The S&P 500 Index declined a modest -0.8% in April but there was nothing subtle about the path to that slight decline. The month included a 4-day -12% decline followed by a stunning one-day +10% rally. But in the second half of...
Quick Takes Stocks finished last week on a historic note with another positive week, buoyed by easing trade concerns, better-than-expected corporate earnings, and encouraging employment growth. The S&P 500 Index was up +2.9% for the week, riding nine straight days...
Quick Takes For the week, the S&P 500 Index was up +4.6%, the small cap Russell 2000 Index was up +4.1% and the tech-heavy Nasdaq Composite Index jumped +6.7%. Solid corporate earnings reports appeared to outweigh anxiety surrounding tariff and trade uncertainty....
Quick Takes The VIX volatility index, or CBOE Volatility Index, was down considerably last week despite continued choppiness in the S&P 500 Index. In the end, the S&P 500 lost -1.5% for the week, while the technology-heavy Nasdaq Composite was down -2.6%. The...
