Quick Takes Friday’s blowout July payrolls report trounced expectations and challenges the notion that the U.S. is in recession—despite back-to-back quarters of negative GDP growth. The U.S. added 528,000 jobs in July, more than twice as many as the expected 258,000....
Market Performance Summary July tends to be the peak month for summer vacations and for investors it also brought a vacation from volatility as most major asset classes saw their biggest rallies of 2022. After the worst first half in decades for most asset classes,...
Quick Takes Global stocks and bonds shrugged off softening economic data to put in solid gains for the final week of July. Stocks were up for the second straight week and the third week in the last four. The S&P 500 advanced +4.3%, the small cap Russell 2000 Index...
Quick Takes In a bit of a reversal from the prior week, stocks rallied nicely for the week but gave back some of their gains on Friday. Despite Friday’s pullback, the S&P 500 up +2.6% for the week, while the Nasdaq Composite gained +3.3%, and the small cap Russell...
Quick Takes Despite a solid and broad-based rally on Friday stocks ended the week lower. The S&P 500 was up +1.9% Friday, ending a five-day losing streak, which limited the week’s loss to -0.9%. Small caps and growth saw slightly larger losses for the week with...
Quick Takes Stocks advanced for the second week in the last three, but inflation and recession concerns remain top concerns. The S&P 500 was up +1.9% for the week, advancing for four of the five days, and the tech-heavy Nasdaq was up five straight days for a +4.6%...
