Get Out of Town

May 23, 2022

  The S&P 500 Index rallied back from an intra-day decline on Friday that had the Index temporarily down 20% from its peak. The S&P 500 ended the week -3.0%, the Dow was -2.8%, and the NASDAQ was -4.4%. The equity markets have declined for seven consecutive weeks amid concerns over the impact of rising …

Relief Rally

May 16, 2022

  Despite Friday’s strong relief rally, stocks still ended last week lower. The S&P 500 ended the week -2.4%, the Dow was -2.1%, and the NASDAQ was -2.4%. The 10-year U.S. Treasury note yield decreased to 2.928% at Friday’s close versus 3.142% the previous week. Both the Consumer Price Index (CPI) and Producer Price Index …

False Start

May 9, 2022

  The equity market rally following the Federal Reserve’s monetary policy decision looked to be a false start after the market gave up the gain the following day and stocks closed lower for the week. The S&P 500 ended the week -0.2%, the Dow was -0.2%, and the NASDAQ was -1.2%. The 10-year U.S. Treasury …