Weekly Market Commentary

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

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%

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

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

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

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

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

What Happened: Investors processed the sharply hawkish comments from Federal Reserve officials last week. Last week’s selling was focused on pushing bond

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

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