Weekly Market
Update

Read about last week’s market
highlights, closing performance,
market indicators and the
week ahead.

Stocks Eye Debt-Limit Talks

May 22, 2023

Once the 2023 debt ceiling “crisis” passes, US markets will face “late cycle” conditions, as tight monetary policy from the Fed seeks to weaken labor markets.

You Really Don’t Want to Hit the Debt Ceiling

May 15, 2023

When the US Congress created the “debt ceiling” during World War I, its intent was to speed along government spending while maintaining a way to ensure responsible borrowing. The US debt ceiling has been raised or suspended nearly annually since 1917.

Banking on Quality

May 8, 2023

The Fed raised rates by 0.25% to likely end its hiking cycle. The unemployment rate for April was 3.4% as the economy created a higher-than-expected 253k jobs but the prior two-month tally was revised 149k lower.

Fed’s Last Stand

May 1, 2023

Investors looked past slower-than-expected first quarter real GDP growth of just 1.1% as companies exceeded previously lowered earnings estimates ahead of what could be the final Fed rate increase of its tightening campaign.

Seeking to Add Growth to Portfolios

April 24, 2023

The S&P 500 was little changed after a flurry of earnings reports revealed the nation's biggest banks were in better shape than some had feared. Smaller banks saw their deposits stabilize but leading economic indicators pointed to a softer economy ahead.

The Investor’s Conundrum

April 17, 2023

The first big banks to report benefited from higher rates, deposit flows from smaller banks, and volatility that boosted fixed income trading revenues. The market now expects the Fed to raise rates one last time by 0.25% on May 3^rd.

Mixed Data for the Fed

April 10, 2023

On Friday, March payroll data showed 236K jobs being added, indicating “net” employment was still positive, while the unemployment rate remained low at 3.5%. Wage gains, at 4.2% y/y, continued to cool from a year ago pace of 5.9%.

Inflation, Jobs, and Banks

April 3, 2023

This week, the market will focus on Friday’s jobs report. The economic community is calling for 238K jobs to have been created in March with an unchanged unemployment rate of 3.6%. Average hourly earnings gains are expected to slow.

As Go the Banks, So Goes the Economy

March 27, 2023

Days after officials moved to protect the depositors of failed lenders Silicon Valley Bank and Signature Bank, the largest US banks made $30 billion in deposits with First Republic Bank to help stem the outflow of deposits at regional banks.

Showing 10 of 20 articles

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An investor cannot invest directly in an index. They are shown for illustrative purposes only and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance.

The MSCI ACWI (All Country World Index) captures large and mid cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 2,483 constituents, the index covers approximately 85% of the global investable equity opportunity set.

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