Last Week’s Summary S&P 500 Index rose 1.08% International Equities rose 0.97% Emerging Markets fell 0.77% U.S. 10-Year Treasury Yield fell to 4.17% Initial Jobless Claims stayed at 213k GDP stayed at 2.8% Personal Income rose to 0.6% Personal Spending fell to 0.4% What to Watch for This Week M, 12/2/24 S&P Global US Manufacturing […]
Market Summary – December 2, 2024 Read More »
The S&P 500 risk premium, which measures the extra earnings stocks offer over safer 10-year Treasury bonds, has turned negative for the first time in over two decades. This means that investors are no longer being compensated in earnings for taking on the additional risk of equities relative to bonds-a signal that valuations in the
Weekly Client Letter – November 25, 2024 Read More »
Last Week’s Summary S&P 500 Index rose 1.72% International Equities rose 0.31% Emerging Markets rose 0.22% U.S. 10-Year Treasury Yield fell to 4.29% Initial Jobless Claims fell to 213k Leading Index rose to -0.4% U. of Mich. Sentiment fell to 71.8 U. of Mich. 1-Yr Inflation stayed at 2.6% What to Watch for This Week
Market Summary – November 25, 2024 Read More »
The S&P 500’s rolling two-year rate of change recently hit the 95th percentile, a historically rare level of growth. While this indicates strong market momentum, history shows that such rapid gains are often followed by a cooling-off period. Exceptions, like the mid-1990s, are rare, and sharp pullbacks are more common once this threshold is reached.
Weekly Client Letter – November 18, 2024 Read More »
Last Week’s Summary S&P 500 Index fell 2.05% International Equities fell 2.95% Emerging Markets fell 4.45% U.S. 10-Year Treasury Yield fell to 4.43% Initial Jobless Claims fell to 217k CPI rose to 2.6%; CPI Core remained at 3.3% PPI rose to 2.4%; PPI Core rose to 3.1% Empire Manufacturing rose to 31.2 What to Watch
Market Summary – November 18, 2024 Read More »
Following election day, markets often experience a short-term rally as investors anticipate changes under the new administration. Historically, however, these gains tend to fade after the inauguration, with a period of cooling off before markets resume their long-term growth path. This volatility underscores the importance of prudent risk management, allowing us to navigate these fluctuations
Weekly Client Letter – November 11, 2024 Read More »
Last Week’s Summary S&P 500 Index rose 4.69% International Equities rose 0.62% Emerging Markets rose 1.22% U.S. 10-Year Treasury Yield fell to 4.30% Initial Jobless Claims fell to 221k FOMC cut the benchmark rate by 0.25% U. of Mich. Sentiment rose to 73 U. of Mich. 1-Yr Sentiment fell to 2.6% ISM Services Index rose
Market Summary – November 11, 2024 Read More »
Historically, the S&P 500 and the S&P 500 Equal Weight have shown strong correlation, basically moving in the same direction at the same time. Recently, however, the correlation between these two has reached the lowest point ever. Indicating smaller stocks beginning to perform differently than larger stocks within the S&P 500. This is why we
Weekly Client Letter – November 4, 2024 Read More »
Last Week’s Summary S&P 500 Index fell 1.35% International Equities fell 1.07% Emerging Markets fell 1.08% U.S. 10-Year Treasury Yield rose to 4.38% Initial Jobless Claims fell to 216k PCE fell to 2.1% Core PCE remained at 2.7% Change in Nonfarm Payrolls fell to 12k Unemployment Rate stayed at 4.1% What to Watch for This
Market Summary – November 4, 2024 Read More »
The much-anticipated Federal Reserve rate cut has finally arrived. The Fed cut 50-basis points, ushering in a new phase for the markets. Historically, rate cuts tend to inject optimism, with certain sectors, particularly small and mid-cap stocks, often outperforming. However, the backdrop in 2024 is more complex. Persistent inflation concerns and labor market uncertainties have
3rd Quarter Market Commentary “Rate Cute. Now What?” Read More »
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