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Last week saw significant market turbulence due to weak labor data, suggesting economic softening. Key points include:

• U.S. Markets: Equities and Treasury yields fell, with the Nasdaq down 3.4%, S&P 500 down 2%, and Russell 2000 down 6.5%. Technology stocks struggled, while utilities and real estate gained.
• Labor Data: Non-farm payrolls rose by 114k, the smallest gain since December 2020, and the unemployment rate increased to 4.3%, triggering recession concerns.
• Federal Reserve: Despite Fed Chair Powell’s willingness to ease aggressively if needed, the market reacted negatively to unchanged interest rates.
• Commodities: Crude oil prices dropped 3.2%, while gold rose 2%.
• Global Central Banks: The Bank of England cut rates for the first time in four years, and the Bank of Japan raised rates and planned to taper bond purchases.
• International: Eurozone inflation rose to 2.6% YoY, and China’s manufacturing activity hit a five-month low.
Overall, the economic outlook remains uncertain with mixed signals from various sectors and regions.

This week’s economic calendar is lighter, but market volatility remains high due to growth concerns. Key points include:

• U.S. Data: Focus on ISM services PMI, Treasury auctions, trade balance, consumer credit, and loan officer survey.
• Earnings Reports: Notable reports from Disney, Caterpillar, Super Micro Computer, Uber Technologies, and Occidental Petroleum.
• Global Events: Reserve Bank of Australia likely to keep rates steady, China to release inflation and trade data, and Bank of Japan to reveal meeting minutes.
• Europe: Investor confidence, producer prices, and German manufacturing data are the main highlights.

Weekly Wrap Up August 6, 2024 Last week saw significant market turbulence due to weak labor data, suggesting economic softening. Key points include:• U.S. Markets: Equities and Treasury y...

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Recapping last week

1. U.S. Equity Indices:
o Mixed performance in volatile trading.
o Nasdaq Composite fell over 2%, S&P500 edged lower by nearly 1%.
o Russell 2000 gained 3.5%.

2. Sector Performance:
o Technology, communications, and consumer discretionary sectors underperformed.

3. Earnings Reports:
o Alphabet and Tesla disappointed, causing the Nasdaq-100 index to tumble by over 3.5%.

4. Oil Prices:
o Crude oil prices fell 2.3% due to fears of falling demand from China.

5. Interest Rates and Inflation:
o U.S. Treasury yields retreated after June’s PCE index readings met expectations.
o Headline inflation up 0.1% MoM and 2.5% YoY; core PCE increased 0.2% MoM and 2.6% YoY.

6. Economic Activity:
o Second-quarter GDP grew at a 2.8% annualized rate, driven by a 2.3% increase in consumer spending.
o S&P Global flash composite PMI rose to 55, services sector reached a 28-month high of 56.0.

7. International Developments:
o China cut benchmark lending rates for the first time in nearly a year.
o China’s central bank provided monetary stimulus through an unscheduled lending operation.
o Bank of Canada lowered interest rates for a second straight meeting.
o Germany’s manufacturing activity declined, while Britain saw the fastest growth in two years.

8. U.S. Housing:
o New and existing home sales slid in June, with median existing home price reaching an all-time high.

The Week Ahead

1. Central Bank Decisions:
o The Federal Reserve is expected to hold interest rates steady, with potential signals for a cut in September.
o Bank of Japan (BOJ) and Bank of England (BOE) will announce their interest rate decisions.

2. U.S. Labor and Wages Data:
o JOLTS job openings, ADP private payrolls, and government non-farm payrolls data will be released.
o Wage growth will be closely watched amid recent inflation trends.

3. Corporate Earnings:
o Technology giants like Apple, Amazon, Microsoft, Advanced Micro Devices, and Meta Platforms will report earnings.

4. U.S. Economic Agenda:
o Consumer confidence, pending home sales, ISM manufacturing PMI, and factory orders are on the schedule.

5. International Developments:
o BOJ may hike rates by 10bps and reduce ETF purchases.
o BOE’s rate cut odds are 50/50 based on recent UK economic data.
o Europe awaits inflation numbers.
o China’s manufacturing and services PMI, along with Australia’s CPI and retail sales reports, will be released.

Weekly Wrap Up July 30, 2024 Recapping last week1. U.S. Equity Indices:o Mixed performance in volatile trading.o Nasdaq Composite fell over 2%, S&P500 edged lower by nearly 1%.o Russell ...

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1. Federal Reserve and Interest Rates
a. Soft inflation report justifies potential interest rate cuts.
b. Markets expect a quarter-point reduction in September.
c. Fed Chair Powell emphasizes monitoring labor market risks.

2. U.S. Equity Indices Performance
a. S&P 500 at an all-time high, Nasdaq Composite gains slightly.
b. Small-cap and mid-cap stocks surge as Treasury yields drop.
c. Sectors like healthcare and real estate outperform.

3. Consumer Sentiment and Inflation Expectations
a. Consumer sentiment falls to an eight-month low.
b. Inflation expectations ease for the next year.

4. Overseas Developments
a. Euro gains against the U.S. dollar.
b. MSCI EAFE index sees a 2.3% weekly gain

Next Week:

Upcoming economic events and data releases:
1. U.S. Focus:
a. Retail Sales: Tuesday’s report is expected to show a drop in consumer spending.
b. Housing Data: High mortgage rates and home prices continue to impact the housing market.
c. Fed Chair Powell’s speech: Scheduled at the Economic Club of Washington D.C.
d. Earnings Season: Reports from major companies like Goldman Sachs, Bank of America, Netflix and more.

2. Overseas Highlights:
a. China: Retail sales, GDP and industrial production numbers released.
b. European Central Bank (ECB): Interest rate decision on Thursday.
c. UK: Employment, wages, and CPI data may influence the Bank of England’s rate decision.
d. Canada and Japan: Inflation reports.
e. Eurozone: Economic sentiment surveys.

https://youtu.be/zQzdXWCZ07M

Last week, U.S. equities experienced a surge, driven by cautiously dovish comments from US Federal Reserve Chair Jay Powell in Europe. This contrasted with the hawkish tone recorded in the June FOMC Minutes.

Notable highlights include:
• Nasdaq Composite: The index increased by 3.5%.
• S&P 500: It gained 1.9%.
• Russell 2000: This index fell by -1.3%.
• Sector Performance: Technology led with a bullish performance, up 2.9%. Communications, Consumer Discretionary, Financials, Staples, and Utilities also advanced.
• U.S. Oil: It rose over 2% due to news of Hurricane Beryl causing oil giants to evacuate platforms in the Gulf of Mexico.
• U.S. Treasury Yields: They were down, likely influenced by speculation that the Fed is shifting to a more dovish stance.
• Nonfarm Payrolls: 206,000 jobs were added in June, exceeding expectations but below the average monthly gain of the previous 12 months.
• Unemployment Rate: Remained steady at 4.1%, but long-term unemployed individuals increased to 1.5 million (22.2% of all unemployed people).
Global Market Highlights:
• China: The Caixin/S&P Global services purchasing managers’ index (PMI) eased to 51.2 from 54.0 in May, remaining in expansionary territory for the 18th straight month.
• Germany: Industrial orders fell unexpectedly in May, indicating manufacturing challenges in Europe’s largest economy.

Certainly! Let’s dive into the key events and reports for the week ahead:

1. French Parliamentary Elections (Sunday):
o Global markets will closely watch the outcomes of the French parliamentary elections. These results will be weighed against the recent Labour Party victory in the UK.
2. US Consumer Credit Reports (Monday):
o Insights into consumer borrowing will be revealed through US consumer credit reports.
3. Fed Chair Powell’s Testimony (Tuesday):
o Federal Reserve Chair Jerome Powell will testify before the Senate Banking Committee. Investors will be attentive to any hints of a possible dovish pivot in monetary policy.
4. Inflationary Data (Thursday and Friday):
o The realities of future rate cuts hinge on inflationary data.
o U.S. CPI (Thursday): The Consumer Price Index will provide insights into inflation trends.
o U.S. PPI (Friday): The Producer Price Index will further inform inflation expectations.
5. Pricing Data from Major Economies (Tuesday):
o China: Reports on Consumer Price Index (CPI) and Producer Price Index (PPI).
o Japan: Release of the Producer Price Index (PPI).
6. Second Quarter Earnings Season (Late in the Week):
o Thursday: Delta Air Lines (DAL) and PepsiCo (PEP) are scheduled to report.
o Friday (Premarket): Banking giants JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup © will announce their earnings.
o Analysts anticipate robust year-over-year growth rates for S&P 500 stocks this quarter, with some expecting rates not seen since Q1 2022.

Weekly Wrap Up July 9, 2024 Last week, U.S. equities experienced a surge, driven by cautiously dovish comments from US Federal Reserve Chair Jay Powell in Europe. This contrasted with t...

• U.S. Equities: Mixed performance; Nasdaq up 0.2%, Russell 2000 up 1.3%, S&P 500 slightly down.
• Sector Performance: Weak, with 9 out of 11 S&P 500 sectors in the red.
• Oil and Gas: Inventories rose, crude oil prices up 1% for the week.
• Treasury Yields: Modestly higher despite slow inflation growth.
• Economic Indicators:
o Core PCE price index rose 0.1% MoM and 2.6% YoY.
o Personal income slightly above forecasts; consumer spending down.
o Jobless claims highest since November 2021.
o Q1 GDP revised up to +1.4%, consumer spending revised down to +1.5%.
o Durable goods report showed a drop in business equipment investment.
o Consumer confidence eased; sentiment index revised higher.
• Housing Market: Stress due to high prices and mortgage rates; new and pending home sales fell.
• Government Action: New policies to increase access to affordable housing announced by Treasury Secretary Yellen.
• International:
o Japanese yen fell to its lowest since 1986; potential intervention in the forex market.
o Inflation readings in Japan accelerated, possibly leading to interest rate hikes.
o CPI in Canada and Australia rose, complicating potential monetary easing.

The week ahead:

• U.S. Markets: Early closure on Wednesday and closed on Thursday for Independence Day.
• Key U.S. Data Points:
o Monthly jobs data, including non-farm payroll and wage numbers for June (projected payroll growth: 190k).
o FOMC meeting minutes release on Wednesday.
o Fed Chair Powell’s speech at the ECB Forum on Tuesday.
o ISM manufacturing and services PMI data, and factory orders.
• Europe:
o French Parliamentary elections (first round began, second round next week).
o Euro under pressure due to political uncertainty from recent elections.
o Inflation updates: Germany’s CPI today, broader EU on Tuesday.
o German manufacturing sector reports on factory orders and industrial production.
• UK: Election on Thursday, with Labour Party likely to win leadership.
• China: Caixin PMI reports following official government numbers released over the weekend.

Weekly Wrap Up July 2, 2024 • U.S. Equities: Mixed performance; Nasdaq up 0.2%, Russell 2000 up 1.3%, S&P 500 slightly down.• Sector Performance: Weak, with 9 out of 11 S&P 500 sectors ...

In the holiday-shortened week, U.S. equities experienced mixed performance. Here are some key points:

The S&P 500 index rose by 0.6%, while the Nasdaq Composite index remained flat.
• The Russell 2000 added 0.8%.
• Nine out of eleven S&P 500 sectors gained ground, with consumer discretionary and energy leading the way.
• Crude oil prices surged by 2.7%, driven by signs of strengthening U.S. demand and falling inventories.
• U.S. Treasury yields initially fell sharply due to weak retail sales in May, but they rebounded later in the week.
• U.S. services activity reached a more than two-year high in early June, while manufacturing remained solidly in expansion territory.
• However, some areas of the U.S. economy showed stress:
o New home construction slumped in May.
o Building permits plunged 3.8% year over year.
o Existing home sales fell for a third straight month.
o The median home price reached a new record of $419,300 despite increased inventory.
• Overseas, the Bank of England kept interest rates unchanged, celebrating inflation returning to its 2% target for the first time in three years.
• The Reserve Bank of Australia also held rates steady, noting an uncertain economic outlook.
• In Europe, the German manufacturing slump deepened this month.

Overall, the economic landscape remains complex, with both positive and challenging indicators. Is there anything else you’d like to know?

Certainly! Let’s break down the key economic events for the last week of June:

U.S. PCE Inflation Reading (Friday): The focus will be on the Personal Consumption Expenditures (PCE) inflation data. The Federal Reserve has scaled back rate cut expectations to only one for this year, but some policymakers still anticipate two rate cuts. The inflation numbers will play a crucial role in determining the path forward.

U.S. Housing Updates:
• House Price Index: Keep an eye on this indicator, especially after last week’s disappointing U.S. housing numbers.
• New and Pending Home Sales: These updates will provide insights into the real estate market.

Fed’s Annual Bank Stress Test Results (Thursday): While only large domestic banks are subject to these tests, it’s worth noting that commercial loans at mid-sized and smaller institutions are currently a major concern. The market impact from this announcement may be subdued.

Other U.S. Agenda Items:
• Consumer Confidence
• Q1 Final GDP
• Durable Goods Orders
• Revised Consumer Sentiment

International Highlights:
• Europe: Relatively quiet ahead of the French elections starting on June 30. Germany will release business and consumer sentiment indices along with retail sales data.
• Japan: Expect the Summary of Opinions from the recent central bank meeting. Additionally, watch out for two important inflation readings before an expected rate hike at the July central bank meeting.
• China: The lone economic release for China arrives this weekend, with the impact from the PMI figures likely to be felt in July.

Weekly Wrap Up June 25, 2024 In the holiday-shortened week, U.S. equities experienced mixed performance. Here are some key points:The S&P 500 index rose by 0.6%, while the Nasdaq Composi...

Last week’s market developments were quite eventful! Let’s break down the key points:

1. U.S. Equities:
o U.S. equities hit fresh all-time highs but later pulled back slightly due to cooler-than-expected inflation reports.
o The Nasdaq Composite index rose over 3%, and the S&P 500 gained 1.6%.
o The Russell 2000 index surged 3% after Wednesday’s CPI report but couldn’t maintain the gains, ending the week down 1%.
2. Sector Performance:
o Eight out of eleven S&P 500 sectors were negative, but technology stood out, soaring 5.6%.
o Apple’s shares spiked 14% following the company’s AI-focused developers conference.
3. Commodities and Bonds:
o Crude oil prices jumped nearly 4% due to declining global inventory forecasts.
o U.S. Treasury bonds had their best performance since December, leading to three-month lows in yields.
o The flat U.S. CPI for May and unexpected producer price declines influenced the bond market.
4. Monetary Policy:
o The FOMC kept interest rates steady as projected but updated its outlook for rate cuts.
o In 2024, one quarter-point reduction is expected, with four cuts projected for next year.
o Officials’ opinions vary: eight project two cuts, seven project one, and four expect no cuts.
5. Consumer Sentiment and Labor Market:
o U.S. consumer sentiment declined in early June due to inflation concerns affecting personal finances.
o Unemployment claims rose to a 10-month high, indicating easing in the labor market.
6. International Markets:
o The MSCI EAFE index (representing international developed countries) fell 2.5%.
o French President Macron dissolved the country’s parliament and called a snap election after his party’s defeat in the European elections.
7. Bank of Japan:
o The Bank of Japan left interest rates unchanged but surprised traders by not specifying a bond purchase reduction plan.

Upcoming week:

1. U.S. Retail Sales and Industrial Production:
o Investors will closely watch Tuesday’s U.S. retail sales report and industrial production figures.
o Despite flat retail sales in April, expectations are for a 0.3% rise in May.
2. Housing Numbers and Global Flash PMI:
o In the latter half of the week, keep an eye on U.S. housing data and global flash PMI readings for early June.
o The services sector’s inflation readings will be particularly important as flash PMI surveys are released.
3. Central Bank Meetings:
o The Reserve Bank of Australia (RBA) meets tonight. Expectations are for unchanged rates, given recent hot inflation reports.
o The Bank of England meets on Thursday after the CPI release. Last month’s inflation data ruled out rate cuts before the July 4 election.
o Current pricing suggests better odds for easing in September due to high wage growth and services inflation.
4. China’s Economic Data:
o China will report its monthly retail sales and industrial production figures on Sunday evening.
o This release follows major steps by the government to stabilize the real estate market.
5. G7 Meetings in Italy:
o Leaders from seven industrialized nations will convene in Italy, addressing complex challenges including geopolitical conflicts and domestic issues.

Weekly Wrap-up June 18, 2024 Last week’s market developments were quite eventful! Let’s break down the key points:1. U.S. Equities:o U.S. equities hit fresh all-time highs but later pull...

Recapping last week in the markets

1. U.S. Equities:
o Gains were tempered due to a stronger-than-expected employment report.
o The Nasdaq Composite index rose 2.4%, while the S&P500 gained 1.3%.
o The Russell 2000 index slid 2% due to weakness in small-cap financials.
o Technology stocks performed well, with Nvidia becoming the third U.S. company to reach a $3 trillion market capitalization.
2. Crude Oil Prices:
o Initially tumbled after OPEC+ members announced plans to phase out production cuts.
o Later rebounded to end the week lower by 2.5%.
3. U.S. Treasury Yields:
o Began the week in sharp decline after the May ISM manufacturing PMI reading dropped.
o Rates jumped on Friday due to strong payroll gains.
4. Average Hourly Earnings:
o Rose 0.4% MoM and 4.1% YoY, undermining recent data suggesting the U.S. economy might be cooling.
5. European Central Bank (ECB):
o Lowered its key interest rate to 3.75% from 4% despite lingering inflationary pressures in the Eurozone.
o Observers expect at least one more rate cut this year.
6. Canada:
o Economic activity expanded at the slowest pace in ten months, influencing the Bank of Canada’s rate cut decision.
7. China:
o Caixin PMI surveys revealed strong manufacturing and services activity in May.
o Trade balance figures showed exports growing 7.6% YoY, but domestic consumption remained fragile.

Here’s a summary of the key economic events and data to watch for in the week ahead:

1. U.S. Consumer Inflation Report and FOMC Meeting (Wednesday):
o The Federal Reserve’s updated dot plot projections will be closely watched.
o May CPI is forecast to cool to +0.1% MoM and +3.3% YoY.
o The producer price report follows on Thursday.
2. Other U.S. Economic Data:
o 10- and 30-year Treasury auctions.
o June’s preliminary consumer sentiment and inflation expectations.
3. International Calendar:
o Bank of Japan’s monetary policy statement (Thursday evening).
o China publishes May CPI and PPI numbers (Tuesday evening).
o Producer prices in China are expected to remain in deflation territory.
4. UK:
o Monthly GDP and employment reports.
o Elevated wages and economic growth could impact the odds of a Bank of England rate cut in September.

Weekly Wrap Up June 11, 2024 Recapping last week in the markets1. U.S. Equities:o Gains were tempered due to a stronger-than-expected employment report.o The Nasdaq Composite index rose ...

Last week, U.S. equities experienced modest declines due to a sharp increase in interest rates, which was offset by an in-line inflation reading. Here are some key points:
1. Market Performance:
o The Nasdaq Composite index fell over 1%, while the S&P 500 lost 0.5%.
o The Russell 2000 remained flat.
o Energy sectors gained 2%, but technology sectors sank 2.5% after five consecutive weekly gains.
2. Interest Rates and Inflation:
o U.S. Treasury yields spiked on Tuesday following a weak 5-year note auction.
o The 10-year yield reached a one-month high near 4.64%.
o However, rates eased after April’s core Personal Consumption Expenditures (PCE) index rose 0.2%, meeting expectations.
o The annual gain in core PCE was 2.8%, consistent with the past two months.
3. Economic Indicators:
o The second estimate of Q1 GDP growth was revised down to 1.3% from 1.6%, primarily due to a downturn in consumer spending.
o Despite this, the economy’s core remains robust.
o U.S. consumer confidence rose in May, even amid expectations of high inflation and interest rates.
o Home prices reached a record high in March, rising 6.5% year-on-year (YoY).
o Pending home sales, however, plunged 7.7% month-on-month (MoM) due to soaring mortgage rates.
4. Global Trends:
o Eurozone inflation increased to +2.6% YoY, but the European Central Bank is still expected to lower interest rates at its June 6 meeting.
o Services inflation in the Eurozone jumped to 4.1% from 3.7%.
o In Germany, sentiment surveys stagnated, and retail sales declined 1.2% in April.
o The IMF raised China’s economic growth forecast for this year and next, but disappointing PMI results for May suggest lagging domestic demand.
In summary, U.S. equities faced challenges from interest rate fluctuations and inflation, while global economic trends remained mixed.

The week ahead
• U.S. Jobs Data: The U.S. labor market remains strong, with unemployment claims at historically low levels. May’s non-farm payrolls report is expected to show the addition of 185k jobs.
• Interest Rate Decisions: The European Central Bank (ECB) is likely to cut interest rates, while the Bank of Canada faces declining inflation pressures. Traders expect only two rate cuts this year.
• International Events: The European Parliament elections begin, and China’s Caixin PMI indices follow disappointing government data. Other overseas highlights include German factory orders, Australian GDP, and Eurozone PPI.
Summary: U.S. jobs data, central bank decisions, and international events dominate this week’s economic calendar. Investors are closely watching inflation and interest rate trends.

Weekly Wrap Up June 4, 2024 Last week, U.S. equities experienced modest declines due to a sharp increase in interest rates, which was offset by an in-line inflation reading. Here are so...

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Here are the highlights from this week's Weekly Wrap Up.

U.S. Equities and Interest Rates:
Strong economic data led to higher interest rates.
Federal Reserve officials maintained their stance—no easing until sustained inflation declines.

S&P500 was flat, Russell 2000 dropped 1.3%, Nasdaq Composite gained 1.4% (boosted by Nvidia). Technology was a bright spot; energy and real estate declined. Crude oil prices fell due to demand concerns; gold futures retreated.

U.S. Business Activity and Durable Goods:
U.S. business activity surged to a two-year high in May.
Durable goods orders rose, driven by defense and transportation.

Global Market Highlights:
UK CPI exceeded expectations, dampening hopes for a June rate cut. European flash PMI readings expanded for Germany and Eurozone. European Central Bank faces wage-driven inflation concerns. Bank of Canada may cut rates after April’s +2.7% YoY CPI. Japan’s core inflation declined, impacting future rate decisions.

Week Ahead:
U.S. markets closed for Memorial Day; focus on Q1 GDP revisions.
April’s core PCE price index expected unchanged. European flash CPI readings crucial for ECB’s June meeting. China’s manufacturing and services PMIs reflect uneven recovery. OPEC+ likely to extend voluntary oil production cuts. High interest rates and global demand uncertainties remain key concerns. 🌎💼📈

📈 U.S. Market Update: U.S. equities hit record highs, with the Dow surpassing $40,000 for the first time, amid cooling economic data that spurred hopes for rate cuts. The S&P 500, Nasdaq, and Russell 2000 saw gains up to 2%, boosted by a 3% tech surge. Lower-than-expected inflation and steady consumer prices hint at a potential Federal Reserve rate cut in September, despite mixed signals from flat retail sales and stagnant industrial production.
🌍 Global Economic Tidbits: Japan’s GDP contraction complicates rate hike plans, while China’s factory output exceeds forecasts amidst a real estate slowdown. Europe shows signs of recovery with a slight GDP increase, despite ECB’s caution over geopolitical risks.
🔍 Looking Ahead: This week, FOMC minutes and global PMI data are in focus, with potential implications for future rate decisions. Tariff hikes on Chinese imports aim to protect U.S. interests without price hikes, as per Treasury Secretary Yellen.
💡 Quick Takes:
• U.S. Treasury yields dip as April CPI shows modest gains.
• Housing market shows mixed signals; high mortgage rates dampen builder sentiment.
• Overseas, Japan faces economic shrinkage, China’s retail sales slow, but Europe’s GDP rises.
• Upcoming economic data and Fed insights could shape rate cut expectations.
Stay tuned for more updates and insights!

Weekly Wrap Up May 21, 2024 U.S. Market Update: U.S. equities hit record highs, with the Dow surpassing $40,000 for the first time, amid cooling economic data that spurred hopes for rat...

U.S. equities rose for a third straight week after prospects for interest rate cuts later in the year continued to improve. The S&P500 index gained nearly 2%, while the Nasdaq Composite and Russell 2000 added just over 1%. All eleven S&P500 sectors finished positive, with utilities surging another 4.3%, while financials jumped 3.2%. Crude oil bounced slightly higher from recent lows on hopes for improving demand from China, while gold futures rose 2.6% and looked poised to make another run at all-time highs.

Weekly Wrap Up May 14, 2024 U.S. equities rose for a third straight week after prospects for interest rate cuts later in the year continued to improve. The S&P500 index gained nearly 2%...

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U.S. equities posted modest gains in a volatile week after encouraging employment data kept hopes for interest rate cuts in 2024 alive. The Russell 2000 and Nasdaq Composite indices rose around 1.5%, while the S&P500 added 0.5%. Nine of eleven S&P500 sectors finished higher, led by interest-rate sensitive utilities, while energy fell 3.5% on lower oil prices. Crude oil futures tumbled 6.5% amid global growth concerns and fading geopolitical risks. U.S. Treasury yields started to fall Wednesday after Fed Chair Powell ruled out the likelihood of any rate hikes in his post-meeting press conference, despite acknowledging a “lack of further progress” in lowering inflation.

Weekly Wrap Up May 7, 2024 U.S. equities posted modest gains in a volatile week after encouraging employment data kept hopes for interest rate cuts in 2024 alive. The Russell 2000 and ...

U.S. equities rebounded from a three-week losing streak after positive earnings reports outweighed disconcerting inflation data. The Nasdaq Composite index rose over 4%, while the S&P500 and
Russell 2000 each gained nearly 3%. All eleven S&P500 sectors finished in the green, led by technology after stellar quarterly updates from Microsoft and Alphabet. Middle East tensions abated
somewhat, but crude oil still rose nearly 2% while gold futures fell about the same amount. U.S. Treasury yields surged on Thursday after the first-quarter core PCE index release—it rose 3.7% YoY,
well above the 2% pace in the prior quarter.

Weekly Wrap Up April 30, 2024, U.S. equities rebounded from a three-week losing streak after positive earnings reports outweighed disconcerting inflation data. The Nasdaq Composite index r...

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Wickham Financial & Insurance Services Wickham Financial & Insurance Services takes a total approach to managing your wealth.

Concerns over the intensifying Middle East conflict combined with wariness regarding rising interest rates sent U.S. equities tumbling to a third straight week of losses, while volatility spiked to levels not seen since October. The Nasdaq Composite index plunged 5.5%, while the S&P500 and Russell 2000 each fell around 3%. Seven of eleven S&P500 sectors lost ground, with technology sinking over 6% and consumer discretionary sliding 4%.

Weekly Wrap Up April 23, 2024 Concerns over the intensifying Middle East conflict combined with wariness regarding rising interest rates sent U.S. equities tumbling to a third straight we...