Weekly Market Commentary

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”

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

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

Yet another scorching CPI report for June. The report was higher than expectations with increases in every major category. Markets were calmed after Federal

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

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

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