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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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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