Despite a choppy week, the major indices finished up at least 1% on the week with the S&P logging its best day in over a month. Healthcare was the sole declining sector with most big tech names performing well, helped by a pullback in yields as the 10-year declined more than 30 bps. The December…
Last year was one of the worst for US stocks in over a decade, with Friday’s session last week marking the end of a volatile 2022 calendar year. Last week most major indices posted losses, not only for the week and month, but also registered their first negative year since 2018 with the Dow (8.78%),…
US equities were lower again this week, with the S&P 500 and Nasdaq both posting their 2nd straight weekly decline Some of the worst performing groups on the week were also the largest year-to-date losers The Federal Reserve wrapped up there December meeting, raising borrowing costs by 50bp, a decrease from the previous 4-straight 75bp…
US equities ended the week lower, reversing gains from the previous week as the S&P declined, falling in 6 of 7 sessions. The 2/10’s curve reached the lowest levels since 1981 as the 10-year finished around 3.60% (off the lows of 3.40%) with prospects of a potential recession in 2023 gaining momentum. All S&P sectors…
U.S. Equities finished the week higher, the S&P 500 rallied above its 200-day moving average for the first time in over 6 months finishing at 1.19%, and the NASDAQ was the highest performer at 2.12% higher. The Dow Jones 30 became the first major index to exit bear market territory after rallying over 20% from…
U.S. equities were modestly up by the end of the shortened holiday week. The highest performing index, the Dow, was up 1.80%, the S&P at 1.56% and the NASDAQ 0.73%. The flash U.S. Composite PMI Output Index dropped to its lowest levels in 2.5 years at 46.3 for November, down from 48.2 last month, <50…
Markets finished much higher last week, posting their best week in more than 2 years following a softer than expected CPI report, which injected some much-needed optimism back into US equity markets. The positive economic report has finally affirmed the “peak-inflation” thesis that investors had been hoping for and now brings into focus the possibility…
Major US indices logged strong weekly gains after a notable Monday, Tuesday and Friday rally. Semi-conductors and cloud names helped buoy the technology sector, with both gaining more than 8% after an abysmal performance the week prior. Semiconductors have come under significant pressure this year falling 45% year to date last week. Sentiment and positioning…