Concern over tensions between Russia-Ukraine, and impact of inflation and Fed actions in the U.S. have built a wall of worry year-to-date that the equity markets have yet to be able to climb. The S&P 500 Index ended the week -1.5%, the Dow was -1.8%, and the NASDAQ was -1.7%. The U.S. 10-year Treasury …
Geopolitical tension over Russia-Ukraine knocked back the equity markets on Friday afternoon. This brought a two-week win streak to an end for the major averages. The S&P 500 Index ended the week – 1.8%, the Dow was -1.0%, and the NASDAQ was -3.0%. The U.S. 10-year Treasury bond yield increased to 1.918% at Friday’s …
The reaction to multiple earnings reports this past week was a rollercoaster. Overall, the markets posted positive back-to-back weeks due to more upside than downside earnings reports and a better-than-expected January employment report. The S&P 500 Index ended the week +1.6%, the Dow was +1.1%, and the NASDAQ was +1.7%. The U.S. 10-year Treasury …
Buoyed by several strong corporate earnings reports, the major U.S. equity indices all closed the week higher for the first time this year. The S&P 500 Index ended the week +0.8%, the Dow was +1.3%, and the NASDAQ was +0.1%. The U.S. 10-year Treasury bond yield increased to 1.778% at Friday’s close versus 1.771% …
The early year market retreat extended to a third week. The S&P 500 Index ended the week -3.9%, the Dow was -3.3%, and the NASDAQ was -4.9%. The U.S. 10-year Treasury bond yield decreased to 1.771% at Friday’s close versus 1.793% the previous week. Some of the downturn can be attributed to the high …
Uncertainty over the economic impact of the coronavirus (COVID-19) continues to negatively impact markets. The declaration of a national emergency on Friday allows coordinated action and financial resources to be used to shore up the economy and provide assistance to public health organizations. In our Dissecting Headlines section, we look at the national emergency …
As markets continue to experience volatility amid economic concerns from the spread of the coronavirus (COVID-19), we want to look at counterbalancing effects we are seeing to stabilize the economy. We mentioned last week we believe the economy should self-correct over time. While 10-year Treasury yields have fallen, the Federal Reserve also made the …
Global equity markets had their worst week in several years last week. The weekly decline, due to economic concerns surrounding the spread of the coronavirus (COVID-19), has pulled all major stock indices into negative territory for the year. Market volatility, which included several large intra-day swings, is indicative of the uncertainty. In our Dissecting …
It was a volatile week in the stock and bond markets with each day providing a different catalyst to change market direction. The week started with continued concern over U.S. dollar / Chinese yuan exchange rate and trade/tariff issues. Optimism reigned on Tuesday as the White House announced a delay to some tariffs until …
The Chinese government’s move to weaken its currency relative to the U.S. Dollar rattled global markets early last week. The Yuan/Dollar exchange rate passed through the 7 Yuan-to-the-Dollar level. This makes the Chinese currency weaker (see “Currency Pegging” explanation below) and aids the pricing of Chinese exports in the global markets. The concerns over …
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