Quick Takes The theme for the week was easing inflation, as several inflation reports came in below Wall Street expectations. Consumer prices, wholesale prices, and import prices were all lower than expected. At the same time, however, Fed policy makers indicated a...
Quick Takes Last week’s economic data was mostly disappointing, but on Friday morning, the Labor Department reported an unexpectedly strong addition of 272,000 new Nonfarm Payrolls in May, as well as higher than expected Wage growth. The strong jobs data caused yields...
Key Points HAVE YOUR CAKE AND EAT IT TOO – Virtually all major asset classes saw healthy gains in May that largely reversed the broad-based losses experienced in April. Investors interpreted weaker-than-expected economic reports throughout the month as ‘bad news...
Quick Takes The holiday-shortened week was relatively uneventful with respect to economic data and saw stocks reverse some of the bigger trends for much of May while bonds were mixed but mostly flat. The Core version of the Personal Consumption Expenditure (PCE) price...
Quick Takes Most stocks outside the Technology sector were flat to down as minutes from the Federal Reserve’s May meeting raised concerns of persistent inflation, indicating the central bank may not cut interest rates anytime soon. The S&P 500 and Nasdaq indexes...
Quick Takes Global stocks continued their win streak, now four straight weeks, as the “Sell in May and Go Away” historical period is clearly not playing out in 2024. The S&P 500 gained +1.5% for the week, while the Nasdaq was up +2.1%, and the Russell 2000 was up...
