Weekly Market Update
performance,
market indicators and the week ahead.
weekly market update | 3 min read
Renewed Interest in Renewable Energy
March 18, 2024
Last week, the three major US equity indices saw losses with the S&P 500 -0.13%, the Dow Jones -0.02%, and the Nasdaq -0.70%.
weekly market update | 3 min read
Healthcare: 2023’s Pain Is 2024’s Gain
March 11, 2024
All three major indices fell with the S&P 500 -0.26%, the Dow Jones -0.93%, and the Nasdaq -1.17%.
weekly market update | 3 min read
Global Growth Gets Going
March 4, 2024
Following two stronger-than-expected inflation reports earlier in the month, the market was relieved that the Fed’s favorite inflation measure, the Core PCE deflator, which excludes food and energy prices, was in line with expectations by rising 2.8% y/y through January.
weekly market update | 3 min read
Necessary Elements for a China Turnaround
February 26, 2024
The S&P 500 rose to a new record high and topped 5,100 for the first time after an AI-related chip leader posted revenue 265% higher than a year ago. Three of 11 S&P 500 sectors made new all-time highs: Technology, Industrials and Healthcare
weekly market update | 3 min read
Debt and Consequences
February 20, 2024
The market balanced solid 4Q23 profit results with hotter-than-forecasted inflation news that sent 10-year Treasury yields up to 4.29% and pushed back first Fed rate cut expectations from May to June.
weekly market update | 3 min read
S&P 500 Reaches 5K Milestone
February 12, 2024
For the first time ever, the S&P 500 closed above 5000. For long-time investors, the close before the 1987 one-day 20.5% stock market crash was 283 and the index didn’t top 1,000 until February 1998.
weekly market update | 3 min read
Jobs Surge While Earnings Amalgamate
February 5, 2024
In January, the economy added 353K jobs – the most in over a year – while the unemployment rate stayed at 3.7%.
weekly market update | 3 min read
Big Micro and Big Macro This Week
January 29, 2024
This week has it all. On the micro front, five of the “Magnificent 7” firms will release their reports as well as two energy giants. This week has it all. On the micro front, five of the "Magnificent 7" firms will release their reports as well as two energy giants.
weekly market update | 3 min read
Worries, Realities and the Red Sea
January 22, 2024
Since peaking at over 5% in late October 2023, 10-year US Treasury (UST) yields have fallen on lower inflation readings and a less hawkish Fed as we said earlier. After the New Year, bullish economic data and a realization that a March rate cut was uncertain initiated market ...
weekly market update | 3 min read
Having Missed the ’23 Rally, Healthcare Remains "On Sale"
January 16, 2024
The Q4 earnings season kicked off with the big banks on Friday with more earnings reports scheduled for release in the days and weeks ahead.