The Federal Reserve’s plan to aggressively stem inflation pressured equity markets last week. The S&P 500 ended the week -1.2%, the Dow was -0.2%, and the NASDAQ was -3.6%. The 10-year U.S. Treasury note yield increased to 2.704% at Friday’s close versus 2.390% the previous week. The rise in the 10-year Treasury yield returned …
This week ended the first negative quarter for the equity markets since the onset of COVID which caused a decline in the first quarter of 2020. The S&P 500 Index has produced three consecutive positive weekly returns since the quarter lows in early March. The S&P 500 ended the week +0.1%, the Dow was …
Equity market investors appear to be learning how to live with higher interest rates and prospects for a drawn-out engagement between Russia and Ukraine. The S&P 500 Index ended the week +1.8%, the Dow was +0.3%, and the NASDAQ was +2.3%. The 10-year U.S. Treasury bond yield increased to 2.488% at Friday’s close versus …
Fear may have peaked last week, and investor risk appetite may have been reinvigorated, as the Federal Reserve laid out a clear tightening plan tied to combating high inflation and optimism about the economy. The S&P 500 Index ended the week +6.2%, the Dow was +5.5%, and the NASDAQ was +8.4%. It was the …
Geopolitical events continued to dominate headlines last week along with the economic realities of gasoline averaging over $4.00/gallon nationwide for the first time in history. The S&P 500 Index ended the week -2.8%, the Dow was -1.9%, and the NASDAQ was -3.9%. The 10-year U.S. Treasury bond yield increased to 1.997% at Friday’s close …
Russia’s continued advance into Ukraine caused a market decline for the week, despite a strong employment report for February and comments from Fed Chair Jerome Powell that he supports a 0.25% increase in the Fed funds rate this month rather than 0.50%. The S&P 500 Index ended the week -1.2%, the Dow was -1.2%, …
Despite concerns over impact of the coronavirus, the equity markets staged a recovery back toward record levels last week. We believe the significant story here is corporate earnings. With 387 companies in the S&P 500 Index having reported fourth quarter 2019 earnings, 72% have exceeded expectations, 10% have been in-line and 19% have been …
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