Key Takeaways EVERYONE IS A WINNER… AGAIN For a second straight month, most major global asset classes saw healthy gains in September and were up nicely for the just-completed third quarter. For US stocks, the headline S&P 500 Index saw its fifth straight month of...
Quick Takes At midnight on Wednesday, October 1, a partial US government shutdown became effective. However, investors largely yawned about it and the rally in stocks and bonds persisted unabated. Other than the US dollar and oil, most asset classes saw gains for the...
For the first time since January 2019, the federal government has entered a partial shutdown, a result of a congressional stalemate that failed to produce a funding agreement before the October 1 deadline. This marks the 21st shutdown since 1976, and although the...
Quick Takes Wall Street snapped a three-week win streak last week, as sentiment took a hit after positive economic data and perceived hawkish remarks from Federal Reserve speakers had investors dialing back their expectations for interest rate cuts. Economic data was...
Quick Takes Following nine months of inaction, the Federal Reserve delivered a long-awaited quarter point interest rate cut on Wednesday—and signaled more to come. The median projection of the Summary of Economic Projections, or dot plot, shows two additional cuts in...
Quick Takes Global equities extended their gains as the S&P 500 Index rallied to its 24th all-time high in 2025 on the way to a +1.6% week gain. The tech-heavy Nasdaq Composite Index made its 25th record high of the year and ended the week up +2.0%. The August...
