Weekly Insight | November 30, 2022

Stocks Rally as Powell Guides to 50 in December

Fed Chair Jerome Powell signaled the pace of rate hikes would slow and could come as soon as the next meeting in December.

Weekly Insight | November 22, 2022

We issue this week’s Insight somewhat early, given the Thanksgiving holiday, allowing all to hopefully relax and recall those things for which we’re thankful.

U.S. equities were basically flat since our last Insight.

Weekly Insight | November 16, 2022

Stocks Surge on Lower Inflation

Equities surged last Thursday when the Consumer Price Index (CPI) came in lower than expected. The S&P 500 jumped 5.55% on the day, the largest single-day gain since March 2020.

Weekly Insight | November 9, 2022

Consumer Focused Data Week

With consumers representing almost 70% of the gross domestic product (GDP) in the U.S., this week’s economic news gave us a picture of how they are doing.

Weekly Insight | November 2, 2022

The Fed Fails to Pivot, Sparking Reversal in Equities

The S&P 500 ended the week down 1.8% thanks to a 3.6% drop in the last 90 minutes of trading as Federal Open Market Committee (FOMC) Chair Jerome Powell extinguished hopes of a bullish Fed pivot.

Weekly Insight | October 26, 2022

Equities Shrug Off Bad News as Rally Approaches 10% from October Low

The equity rally continued this week despite bearish headlines. Large cap technology names were very weak and yet the S&P 500 was up 3.7%.

Weekly Insight | October 19, 2022

Equities Stage Huge Reversal Off the Lows, But Will it Hold?

Volatility remains elevated as equity indices posted three consecutive 2% change days. The action started last week with a hotter than expected Consumer Price Index (CPI) report that led the S&P 500 to drop more than 2% to start trading on Thursday.

Weekly Insight | October 12, 2022

Tidings of Continued Inflation

All eyes this week were focused on inflation, which appears to remain sticky. The U.S. Bureau of Labor Statistics (BLS) reported two key measures of inflation beginning with the Producer Price Index (PPI) for finished goods.

Weekly Insight | October 5, 2022

Equities Surge Amid Two-Day Buying Frenzy

Equities traded lower to end last week but staged a rare 5.7% surge over two days. The spark was ignited by extremely oversold conditions and the Reserve Bank of Australia increasing rates by only 25 basis points.