Quick Takes The S&P 500 Index fell -2.5% on the week, remaining well below its 200-day moving average—a key technical level—and joining the Nasdaq and Russell 2000 indexes in correction territory (a more-than-10% drop from the closing highs on July 31). The...
Quick Takes Stocks ended their worst week in a month as concerns that Israel’s conflict with Hamas could escalate into a wider Middle East war weighed on investors. The S&P 500 Index fell -2.4% on the week, closing below its 200-day moving average—a key...
Quick Takes Hamas terrorists launched the deadliest attack on Israel in its history on Saturday, October 7. Within hours of the surprise attack, Prime Minister Netanyahu declared, “Israel is at war.” The conflict has the potential to become a proxy war between the...
Quick Takes Friday’s employment report for September showed 336,000 Non-Farm Payrolls (NFP) were added in the month, nearly twice what Wall Street was expecting. However, wage growth was up only modestly, and labor participation was steady. The S&P 500 broke a...
Key Points Yields Rise Sharply The big story for capital markets in September was the steady march higher in government bond yields, particularly those at the long end of the curve. The benchmark 10-year U.S. Treasury yield saw the sharpest monthly rise since...
Quick Takes The S&P 500 slipped -0.7% for the week, its fourth straight weekly decline. The tech-heavy Nasdaq Composite and small cap Russell 2000 had slight gains for the week, up +0.1% and +0.5%, respectively. The MSCI EAFE sank -1.6% and the MSCI Emerging...
