Aug 02, 2023
Key Takeaways: While the move higher in markets was sparked earlier by the enthusiasm around AI (artificial intelligence), more recently the markets seem to be looking at a trifecta of better macro trends: The Fed and other global central banks may be...
Jul 25, 2023
Key Takeaways: Stocks have rallied sharply off of the October bear-market low, recouping the majority of the 26% decline between January and October of last year.Trends in jobless claims, labor turnover and hourly earnings are, in our estimation,...
Jul 20, 2023
At 3%, CPI is now just one-third of where it peaked a year ago.
Jul 11, 2023
Key Takeaways: After a strong first two quarters of 2023, markets stumbled a bit as we entered the first week of the third quarter.
Jul 05, 2023
Key Takeaways: Last week closed the books on the first half of 2023. The headliner: it was a strong start. Though gains so far may have flown somewhat under the radar for some investors as the scars of 2022 may not yet have fully healed.
Jun 27, 2023
Key Takeaways: As investors approach the mid-year point for 2023, there are a few notable trends to highlight: First, the markets overall continue to be remarkably resilient.
Jun 20, 2023
Key Takeaways: The Fed kept rates unchanged last week, a move we think was appropriate, as inflation is on a downward path and the economy is showing signs of softening.We don't think this confirms the end of rate hikes, but instead offers an opportunity.
Jun 13, 2023
The S&P 500 is up about 20% from its mid-October lows, a threshold that could indicate a new bull market.We think the foundation of a new bull market is formed, but an economic slowdown is still possibly ahead of us.
Jun 06, 2023
Last week closed the market's books on May and opened the curtain on the latest reading on the jobs market. The former was benign, with the S&P 500 rising a modest 0.4% on the month1.
Jun 01, 2023
While stock markets were broadly flat this past week, one sector stood out in that it was up over 4.0% for the week: information technology1.