A sharp decline in longer-term bond yields has powered a rebound in stocks for the past seven weeks. It’s a “bad news for the economy is good news for stocks”
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The S&P 500 ended July with a remarkable week (up 5.7%) and its best monthly performance since 2020 (up 5.9%). Stocks ended higher even in the face of
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Last week we described the decline in commodity prices, and their further expected declines from futures prices. This week we want to highlight the inverse
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Yet another scorching CPI report for June. The report was higher than expectations with increases in every major category. Markets were calmed after Federal
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The S&P 500 started the quarter on the up, with a gain 2% last week. Many are calling last week’s rally a bear market rally as inflation and recession worries
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The S&P 500 ended a three-week losing streak last week, advancing 6.5%, the second-best weekly return so far in 2022. Last week was one of just two weeks that
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It was another tough week for U.S. equities as the S&P 500 gave up 6%. Consumer Staples was the best, or, rather, the least-worst–performing large-cap segment
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Friday’s May 2022 Consumer Price Index report produced a four-decade high for U.S. inflation (just slightly beating the record previously set in March) at 8.6%
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Equities were remarkably higher last week. Both the S&P 500 and Nasdaq broke their seven-week streak of declines, while the Dow broke an eight-week streak. The
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The S&P 500 index had another week of pain, posting a seventh consecutive weekly loss, the longest negative streak since March 2001. Consumer stocks, both
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Bond yields are moving rapidly higher, pushing bond prices sharply down. The steady decline in bond prices has eroded the traditional view that bonds were a
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U.S. equities continued to face obstacles in April, as poorly received earnings, especially from Big Tech, along with inflation fears and looming Fed rate hikes
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