highlights Oil closed down 2.8% for its sixth straight weekly loss. The decline came after the OPEC+ meeting in which the group agreed to increase its January output quota by 400Kbpd. The sell-off was the broadest since the worst of the pandemic as the Bloomberg U.S. Composite 52-week New High Lows Index slumped to its…
highlights After the S&P 500 posted its worst day since February on Friday 11/26, the S&P 500 rebounded to post its best day in six weeks on Monday. The sharp declines came last week on Friday after the emergence of the Omicron variant was found in various African nations. Travel and re-opening names were the…
highlights Equities came under pressure last week after inflation concerns bubbled to the surface again. The Russell 2K led declines, however, all major U.S. indices finished lower. CPI came in hotter than expected and registered at 6.2% y/y versus expectations of 5.9% y/y, its highest reading in more than 30 years. The move lower snapped…
highlights A strong start to earnings season was a big driver of this week’s upside with banks posting positive surprises. The NASDAQ and the S&P 500 both experienced their best week since August Bond yields weakened with flattening along the curve. The global energy crunch continues to effect supply chains with the port of Los…
highlights US Equities closed at new all-time highs on Friday, its 44th record high in 2021 Crude pulled back just under 8% as investors assessed the potential for a global economic slowdown, posting its worst week since late October Non-farm payrolls surprised to the upside, posting a gain of 943K vs expectation of 870K The…
highlights US Equities closed at new all-time highs on Friday, its 44th record high in 2021 Crude pulled back just under 8% as investors assessed the potential for a global economic slowdown, posting its worst week since late October Non-farm payrolls surprised to the upside, posting a gain of 943K vs expectation of 870K The…
highlights US Equities closed at new all-time highs on Friday, its 44th record high in 2021 Crude pulled back just under 8% as investors assessed the potential for a global economic slowdown, posting its worst week since late October Non-farm payrolls surprised to the upside, posting a gain of 943K vs expectation of 870K The…
highlights Following the risk-off tone on Monday, where the Dow posted its steepest loss since October, the index proceeded to rally for the next four sessions, recouping all its losses and closing up more than 1%. The Russell 2K continued to underperform other U.S. benchmarks, but posted a strong weekly gain of around 2%. Nine…
highlights U.S. equities finished near the lows of the week, snapping their three-week winning streak on Friday. Small-Mid Cap stocks continue to underperform the S&P 500, lagging by roughly 8% in July. CPI data released shows that year-over-year inflation crept higher than anticipated, coming in at 5.4% vs 4.9%. Despite the higher headline number, Fed…
highlights U.S. stocks gained 0.40% last week, despite a global risk-off sentiment mid-week amid lower growth expectations and virus variants threatening the full reopening. After a rampant start of the year, financials were challenged by falling yields as the 10-year fell to 1.30%. Growth stocks gained 0.91%, led by mega cap tech stocks, while value…