Key Points MORE THAN JUST THE MAGNIFICENT 7 March witnessed a welcome broadening of returns and earnings. 2023 market leadership was totally dominated by a narrow group of mega cap technology stocks, the so-called Magnificent 7. Fortunately, both returns and earnings...
Quick Takes U.S. stocks and bonds struggled as signs of stronger manufacturing and a robust jobs market have investors concerned that the Fed may not deliver the three rate cuts the Fed forecasts indicate. The S&P 500 fell -0.95%, the Nasdaq was down -0.8%, and...
Quick Takes U.S. stocks and bonds were modestly higher for the holiday-shortened week. The S&P 500 Index was up +0.4% to close at a new all-time high, while the Bloomberg U.S. Aggregate Bond Index was up +0.2%. Even in light of markets being closed for the Good...
Quick Takes U.S. stocks and bond investors were encouraged by a dovish Federal Reserve and improving economic data. After surging the prior week, Treasury yields backed off somewhat after the Federal Reserve reiterated three rate cuts and Fed Chair Powell made dovish...
Quick Takes Inflation isn’t going away anytime soon. Consumer inflation, wholesale inflation, and import prices all showed that prices remain stubbornly high and that traders were right to reset expectations for the Federal Reserve to first cut rates in June, not in...
Key Points RECORD HIGHS ABOUND The S&P 500 has made 16 new all-time highs in 2024 through March 7th. However, it is not alone anymore in record territory. During February, the Nasdaq Composite, as well as European and Japanese stock indices made all-time highs....
