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…