Catch a Wave and You’re Sitting on Top of the World … The United States surged during the second quarter, which continued through this past week as the Russell 3000 advanced 2.4%. U.S. small-caps advanced 4.3% for the week while large-caps rose 2.3%. Outside the United States, the MSCI All‑Country World Index ex-USA rose 1.8%....
Risk De-escalation, Market Escalation Both stock and bond markets rallied this past week confident that yet another shock to the economy had passed. The week was steeped in rising risk as a widening Middle East conflict had the potential of cutting off 20% of global oil supply. History suggests most geopolitically led selloffs are short...
Equities hold up amid escalating tension in the Middle East Equities were flat on the week as conflict in the Middle East escalated. Recent comments suggest probabilities around U.S. involvement have increased in recent days. Despite this, domestic equity markets held up as the S&P 500 lost 0.1% and the NASDAQ gained 0.2%. Oil was...
