Download highlights US equities finished lower for a 3rd straight week, with the Russell 2K declining 4.74%, followed by the Nasdaq (4.21%), and S&P 500 (3.29%). With the risk-off tone underpinning markets, the S&P 500 has now declined 8.8% since topping. 4,300 on August 16th amid fears a more aggressive Federal Reserve may send the…
Download highlights US equities finished lower on the week, with the S&P 500 and Nasdaq both posting their worst weekly loss since June 17th, following hawkish comments from Fed President Jerome Powell, after the Federal Reserve’s Jackson Hole Symposium. The central bank remained unified in their stance, reiterating the need for higher interest rates in…
highlights All index’s fell by at least 1.25% this week with the NASDAQ closed down 4%. The S&P registered its worst first half loss since 1970, down 19.76%. Treasury yields up to the ten pulled back below 2.9% with the 10-year coming back 25bps to close at 2.88%. Defensives sectors (HealthCare, Utilities, Consumer Staples) and…
highlights Markets sunk with all major indices reporting at least 4.7% down for the week. The Energy sector was the worst performer with oil down below $100 a barrel and the energy sector down 17.1%. The Federal Reserve voted 10 -1 to raise the reserve lending rate 75 bps during Wednesday’s session. The Fed also…
highlights Domestic equities finished modestly lower for the week, reversing some of the gains seen in the prior week, when the S&P 500 and NASDAQ broke seven straight weeks of declines. Following the release of strong economic data, there was some pushback against a potential Fed rate hike pause in September, which had gained traction…
highlights Despite 2022 being the fourth worst start to a year for the S&P 500, stocks snapped their seven week losing streak with all major indexes gaining more than 6%. All 11 sectors closed higher, with defensive sectors such as Healthcare, Utilities, and Real Estate lagging. However, the worst performing sector, Healthcare, still managed to…
highlights U.S. equities came under pressure again with both the S&P 500 (3.05%) and NASDAQ (3.82%), closing lower for the seventh straight weekly decline, the longest such decline since 2001 and 2011. Consumer Staples (8.63%), Consumer Discretionary (7.44%), and Technology (3.77%), were the worst performing sectors on the week. The Federal Reserve continued to re-iterate…
highlights U.S. equities posted their sixth straight weekly decline, the first such streak in over a decade. Over that time, the S&P 500 has lost 12%, while the NASDAQ has declined 18.70%. Since World War II, there have been 61 pullbacks (declines between 5% and 9.99%), 24 corrections (-10% to -19.99%), and 13 bear markets,…
highlights The NASDAQ, S&P and Dow all finished lower, in a week that was devoid of a catalyst, as the path of least resistance remained lower. Value outperformed growth again, expanding its outperformance to 5.70% over the last two weeks. Re-opening names such as hotels, airlines, cruise lines, and casinos all outperformed, while Tech was…
highlights U.S. equities finished the week higher after the S&P 500 staged a 3.74% rally on Thursday and Friday, despite moving lower earlier in the week amid the ongoing conflict between Russia/Ukraine. A number of sanctions aimed at the financial health of Russia were levied by world leaders, with the goal of maximizing the most…