Confirmation

Confirmation

OVERVIEW   The best week since June. That’s what the U.S. stock market delivered last week, as investors embraced the prospect of falling inflation and a potential deceleration in the Fed’s rate hike cycle. The S&P 500 Index of large-cap U.S. stocks surged...
Trust but Verify

Trust but Verify

OVERVIEW   The Dow Jones Industrial Average rose 5.7% last week, capping its fourth consecutive week of gains and its best four-week stretch since April 2020. The S&P 500 Index rose 4%, notching its best two-week period since November 2020. And pulling up the...
Market Mourning

Market Mourning

OVERVIEW   A relief rally hit Wall Street last week as all three major U.S. stock indices ended in the green. The S&P 500 rose 4.7%, up two of the past three weeks. Same with the Nasdaq Composite, which rose 5.2% for the week. And the Dow Jones Industrial...
Macro Take the Wheel

Macro Take the Wheel

OVERVIEW   The U.S. stock market was mixed last week. The S&P 500 lost 1.55%, and the Nasdaq Composite dropped 3.11%. However, the Dow Jones Industrial Average registered gains of 1.15%. Foreign stocks declined, with developed country markets dropping 1.35%...
Waypoints

Waypoints

OVERVIEW   Despite a volatile week, the major U.S. stock indices registered gains, snapping a three-week losing streak. The S&P 500 gained 1.5%, the Dow Jones Industrial Average rose 2%, and the Nasdaq Composite climbed 0.7%. Bonds were mixed, however. The...