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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We highlighted the sharp concentration of losses in growth style sectors versus value the previous week, but last week broke that trend. Thursday and Friday of
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Broad markets have been in decline this month, once again growth lead the decline. Since the early January peak there has been a sharp contrast in how value and
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What Happened:
Investors processed the sharply hawkish comments from Federal Reserve officials last week. Last week’s selling was focused on pushing bond
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Last week produced a yield curve inversion across 2- to-10 year notes. The past week also had a small inversion between the 20 year and 30-year yield but both
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Federal Reserve Chairman Powell made increasingly hawkish comments around future rake hikes early last week that sent treasury rates sharply higher (while
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The S&P 500® bounced back strongly last week, gaining 6% to leave it no longer “corrected”. It is now at mid-February levels, before the Ukraine invasion
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U.S. CPI data for February came last week at an eyewatering 7.9% YoY, the highest reading since January 1982 (see chart). This was slightly lower than the
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The 10 Year Treasury Yield has been declining since Feb 15th despite rising concerns over inflationary pressures. It is notable that investors are pushing bond
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Investors had two fears to grapple with last week, interest rates and the Ukrainian conflict. Potential for war or conflict has frequently sent markets on rapid
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