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…
highlights Interest rates spiked across the curve, with the 10-year finishing at 1.76%, its highest levels since January of 2020, and was up from 1.52 just seven days earlier, following the release of the Fed-minutes. Higher rates and a more aggressive potential Fed path forward were the primary reason markets have sold-off to start the…
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…