Weekly Market Update – September 27, 2024

Weekly Market Update – September 27, 2024

Quick Takes Economic data and stimulus blitz from China carried U.S. equities to their third straight week of gains. The S&P 500 rose +0.6% for the week, while the Nasdaq Composite was up +1.0%. However, the small cap Russell 2000 slipped -0.1%. Chinese stocks...
Weekly Market Update – September 27, 2024

Weekly Market Update – September 20, 2024

Quick Takes The Federal Reserve initiated the first rate cutting cycle since the 2020 pandemic with a jumbo-sized 50 basis point cut. The Fed expects two more cuts of 25 bps in 2024 and an additional 100 bps of cuts in 2025. Economic data was mostly upbeat as retail...
Weekly Market Update – September 27, 2024

Weekly Market Update – September 13, 2024

Quick Takes The S&P 500 Index rebounded from its worst week since March 2023 (-4.3%) with a +4.0% gain, which is its best week since November 2023. It was the first time since June 2022 that the benchmark index fell at least 4% in one week and then rallied more...
Monthly Market Update – August 2024

Monthly Market Update – August 2024

Key Points SHARP BUT SHORT – August began with a sharp selloff that resulted in the deepest drawdown for the S&P 500 in 2024 and put the tech-heavy Nasdaq in correction territory. However, it was relatively short-lived, and by the middle of the month, most...
Weekly Market Update – September 27, 2024

Weekly Market Update – September 6, 2024

Quick Takes September has historically been the worst month of the year for equities, and 2024 is living up to that reputation so far. The S&P 500 ended the week down -4.3%, its worst week since March 2023. The Nasdaq fell even more, down -5.8%, while the Russell...
Weekly Market Update – September 27, 2024

Weekly Market Update – August 30, 2024

Quick Takes Reassuring growth and inflation data left stocks and bonds mixed for the week but up for the month of August. The S&P 500 Index inched up +0.2% for the week, and finished August up +2.3%, its fourth straight monthly gain. Second quarter GDP was...