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...